County National Bank’s Monthly e-News
November 2011
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CONTENTS
Norman F. Rodgers
The Will
The Dish on Debit Cards
Fifty Amazing, (but Completely Useless), Facts
Seven Tips for Buying a Used Car
Get Smart About Credit
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Norman F. Rodgers
Norman F. Rodgers
It was with great sadness that we learned of the passing of the former President and CEO of County National Bank, Norman F. Rodgers, on October 3, 2011. Norman Rodgers succumbed to a rare form of lung cancer, mesothelioma, after a courageous nine month battle. He will be deeply missed by his family, friends, and community.
 
Norm was well known in the community, having served as President and CEO of CNB for over twenty years before retiring as President in 2004 and CEO in 2005. His CNB legacy included consistently high ratings and performance, and he continued to serve the bank as Chairman of the Board until April of 2009, after which time he served on a part-time contract basis as a consultant. 
 
Norm Rodgers’ lifelong banking career highlights included being a Director of the American Bankers Association, member and then President of the Michigan Bankers Association’s Executive Committee, Director for the National Bank Marketing Association, and being appointed to the Board of Directors of the Detroit Branch of the Federal Reserve Bank of Chicago. A particular highlight was when he was named Michigan Banker of the Year in 2001.
 
Norm was active in the Hillsdale and Jackson communities. He was involved with the Hillsdale Chamber of Commerce, Hillsdale County Industrial Development Commission, Hillsdale College President’s Club, Hillsdale Golf and Country Club, Country Club of Jackson, and Jackson Community College Foundation. He was a board member of the Hillsdale Community Health Center. 
 
Norm was an avid golfer and tennis player, and he had a lifelong appreciation of music. He is survived by wife Lyla, son Richard, daughter Noelle, and their families. 
 
We are grateful for Norman Rodgers’ capable leadership of County National Bank. Over his 28-year affiliation with CNB, he was instrumental in setting the direction and culture at the bank, and his leadership and banking talents were keys to the bank’s many successes. He will be missed terribly.

 
The Will
by Barry A. Malek, Assistant Vice President - Trust Officer


Estate planning is a sub-category of an overall Financial/Wealth Plan. The basic estate plan is typically comprised of the following documents:
 
  • Will
  • Trust(s)
  • Durable Power of Attorney (POA)
  • Patient Advocate
  • Advanced Medical Directive
A will is a written document that is created while an individual is living and directs the disposition of their assets upon death. The person who makes or executes a will is the Testator or Testatrix. The will can be entirely written, dated and signed by the testator’s own hand in certain states (called a holographic will), or it may be drafted by an attorney and executed by the maker in the presence of a notary.  A will may be revoked or amended prior to the death of the testator, but becomes irrevocable upon death.  It increases the probability that assets will bequeath to the beneficiaries (individual or institutional) that the testator directs, but must go through the probate process. 

[FULL STORY]
 
The Dish on Debit Cards

In 1999, according to The Nilson Report (#729, December 2000), cash and checks represented nearly 66% of consumer purchase volume and debit cards accounted for 5% of the volume. Debit share was expected to triple by 2010, and cash and check volume was expected to drop to about half of all transactions. There has been a steady increase in migrating away from cash and checks to the security, convenience, and control of debit cards.
 
If you’re a debit card user, you know that using your debit card is faster than writing a check and it may be accepted at many places where your personal checks are not. You don’t have to pay any interest charges because purchases are deducted from your checking account. And, having a debit card eliminates the need to carry large amounts of cash. If lost or stolen, you can cancel it immediately with a phone call and a replacement card can be ordered. Each purchase generates a receipt which can be used to enter the purchase into your checking account register, and it is listed on your monthly account statement, so record keeping is very easy.

[FULL STORY]
 
Get Smart About Credit
In an effort to teach our local communities how to effectively use credit, County National Bank has teamed up with the American Bankers Association and their Education Foundation’s “Get Smart About Credit” program, which is in its ninth year. Our volunteer bankers are leaving the bank for the classroom to teach high school students about credit. 
 
The program’s awareness day was October 20th, but classroom presentations are typically scheduled throughout October and November. CNB’s Branch Managers agree that it is a great opportunity to plug into a larger effort that has national recognition, and they welcome the chance to share with students the ways to use credit responsibly.
 
County National Bank offers the following Dos and Don’ts of Credit:

[FULL STORY]
 
Fifty Amazing, (but Completely Useless), Facts
Or, how to save a dinner party

Photo: Fifty Amazing, (but Completely Useless), Facts
Say you’re sitting at a dinner party. Conversation has started to wane and you find yourself sweating into your shrimp cocktail because of the awkward silence. Now, imagine you have a random tidbit of useless information that you can interject, re-energizing the discussion and becoming the hero of everyone around you. This can all happen if you just read this list of 50 amazing, but completely useless, facts.
[FULL STORY]
 
Seven Tips for Buying a Used Car
Know the ins and outs before making a purchase

Photo: Seven Tips for Buying a Used Car
From trade-in deals to vehicle history, buying a used car can be a stressful and confusing process. Fortunately, however, there are plenty of experts and resources that offer tips for purchasing the perfect used vehicle. If you go to a dealership or seller knowing your priorities and what questions to ask, you’ll walk away with the right car.
[FULL STORY]
 
Published by County National Bank
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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.

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