Financial Services Tips for selecting a local bank Around here, you have many options to help you manage your money. It’s important to think about your particular needs and financial goals when selecting a bank in your new community. “A local bank enhances the experience of a new community,” said Kevin Thompson, Frost Bank market president in Boerne. “It helps a place feel like home. Research shows that a majority of Americans still choose a bank based on proximity to where they live.” The Federal Deposit Insurance Corporation (FDIC) has developed a series of helpful questions to consider before choosing a financial institution. Do you receive a fixed paycheck or pension on a regular basis, or does the amount and frequency of your income vary? Do you prefer to make purchases using cash, credit cards, debit cards, paper checks or online? Do you set aside money regularly for savings? Are you concerned about possible overdrafts and the fees you might incur as a result? “The more specialized or variable a person’s financial needs, the more a local bank relationship makes sense,” Thompson said. “But even if a person’s financial life is automated, it’s often comforting to have a personal bank connection when the unexpected happens.” Julia Garza, vice president and banking center manager of Jefferson Bank in Boerne, says that when it comes to banking, “keeping it personal” is important. “We’re personally involved with our community, which helps us better understand
the needs of area residents,” Garza said. Some banks are publicly-traded institutions. Others are privately owned, including Jefferson Bank, which has been opContinued on page 14
AT F R O S T, H I G H -T E C H
M E E T S H I G H -T O U C H .
Visit us at 1300 South Main St in Boerne or call (800) 51-FROST.
MEMBER FDIC
Winter 2021 Relocation & Newcomers’ Guide 13
