Scam Warning

Beware of New Scams Related to Coronavirus

Coronavirus ScamsThe Federal Trade Commission (FTC) is warning people to be aware of new scams related to the Coronavirus. According to the FTC, scammers are taking advantage of fears surrounding the Coronavirus. They’re setting up websites to sell bogus products, and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information.

The emails and posts may be promoting awareness and prevention tips, and fake information about cases in your neighborhood. They also may be asking you to donate to victims, offering advice on unproven treatments, or contain malicious email attachments.

The FTC offers the following tips to help you keep the scammers at bay:

  • Don’t click on links from sources you don’t know. It could download a virus onto your computer or device. Make sure the anti-malware and anti-virus software on your computer is up to date.
  • Watch for emails claiming to be from the Centers for Disease Control and Prevention (CDC) or experts saying that have information about the virus. For the most up-to-date information about the Coronavirus, visit the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO).
  • Ignore online offers for vaccinations. If you see ads touting prevention, treatments, or cure claims for the Coronavirus, ask yourself: if there’s been a medical breakthrough, would you be hearing about it for the first time through an ad or sales pitch?
  • Do your homework when it comes to donations, whether through charities or crowdfunding Don’t let anyone rush you into making a donation. If someone wants donations in cash, by gift card, or by wiring money, don’t do it.
  • Be alert to “investment opportunities. The U.S. Securities and Exchange Commission (SEC) is warning people about online promotions, including on social media, claiming that the products or services of publicly-traded companies can prevent, detect, or cure Coronavirus and that the stock of these companies will dramatically increase in value as a result.

If you want more information on the latest scams, you can sign up for the FTC’s consumer alerts. If you come across any suspicious claims, report them to the FTC at ftc.gov/complaint.

Bank Disclosures

The Many Hats of David Morgenroth

The Many Hats of David Morgenroth

David Morgenroth

David Morgenroth
Wealth Management Advisor, CFP®, EA

Sometimes you never know how much talent there is in the office next door. Our very own David Morgenroth is a wealth management advisor and a concert pianist. He has released a handful of solo albums and writes music as well. He took some time to share his passion with us. We are inspired by his amazing talent outside of the office.

Piano Lessons

“My mother insisted that my sisters and I take piano lessons beginning around age 8. Both sisters dropped to the wayside early on, and I threatened to do the same when I was 13. My teacher and my mother conspired to keep me going by introducing popular pieces and ragtime to the standard fare of Bach and Beethoven. It wasn’t a tough sell – the movie, The Sting, was still popular at the time, with its Marvin Hamlisch score heavily indebted to Scott Joplin. The following year, I heard several jazz pianists perform in Missoula, and I knew I had to play music.”

Stepping Onstage

“My first performance had to have been at age 9 or 10 at the Music Recital Hall on the University of Montana campus. It was completely terrifying; I remember how unnerved I was when I started playing and realized I could see the reflection of my hands and the keyboard in the fall board (the cover for the keyboard). It was not an auspicious beginning to a performance career. Nowadays, most of my performances occur in concert halls or home concert settings, after many years of playing everything from clubs and bars to weddings and bar mitzvahs.”

David performing with Buddy DeFranco

David performing with Buddy DeFranco

From Japan to Montana

“I played a concert with my friend Eden Atwood in Kita-Kyushu, Japan, in a hall with an excellent piano and packed with enthusiastic listeners. The concert was followed by a 21-course dinner at a traditional Japanese restaurant, hosted by a local doctor and huge jazz fan – an unforgettable evening! (It was especially great because my wife Barbara was there.) On the local side, playing Rhapsody in Blue with the Missoula Symphony in a summer outdoor concert for several thousand people was fun.”

Beyond the Music

“In my quest for knowledge, I found the world of investments captivating and embarked in a career as a trader. Years later, I realized I could leverage my experience to help improve people’s lives, financial and otherwise. It was an easy transition to Wealth Management, and Stockman became the ultimate fit for me, culturally and personally.”

Finding Balance

“Ambition in any life arena fuels achievement, but it can be a double-edged sword. For those of us who love our work (and we’re not workaholics!), it is important to raise our awareness of what we miss when all we do is work. Boiling things down to essentials is key – What can’t you live without? As life progresses, priorities change, and that’s OK. For example, thirty years ago I wanted to perform music all the time; now, a performance every few months is just fine. Also, I find that as I get older, I not only have learned that pacing myself is a good thing, but also that my wife, dogs, and music, along with hobbies and personal interests are all to varying degrees integral components of my health and well-being. And I almost forgot rest and relaxation – can’t take that for granted! My wife is my barometer and keeps me from overdoing it, and our dogs keep things light, fun, and real.”

We tip our hat to David and our employees who wear many hats to make our communities better places to live, work, and play!

Enjoy this video of David’s performance.

YouTube Video Link: https://www.youtube.com/watch?v=mvyNTJ0OgXA

Wealth Management Disclosures

 

 

 

 

Katelynne and Jayson Eslick - Sugar Plum Jewelry

Focus on Small Business – Sugar Plum Jewelry Co.

Katelynne and Jayson Eslick - Sugar Plum Jewelry

Today we introduce you to Katelynne and Jayson Eslick, husband and wife team, who are the owners of Sugar Plum Jewelry in Glendive. Katelynne, GIA Diamonds Graduate, is an award-winning designer, and Jayson is a laser welder expert who handles the repairs. Together they specialize in everything from handcrafted custom jewelry to traditional diamonds and engagement rings.

Glendive, a small Eastern Montana town tucked between the Yellowstone River and the Badlands, sits just west of Makoshika State Park. With a population of just under 5,000, Glendive has that small, home-town feel with care and concern for neighbors and friends alike. The Eslick’s enjoy living where they know customers by name, as well as their kids’ names, as well as what they do for a living.

While the traditional face of retail is ever-changing in today’s world, it is inspiring to see a small jewelry store in Eastern Montana, not just surviving, but thriving! Small businesses are the backbone of our communities, so it brings us great pleasure in featuring Sugar Plum Jewelry.

Montanan’s serving Montanan’s is what we are all about, and we wish the Eslick’s Sugar Plum Jewelry business great success for many years to come!

Sugar Plum Jewelry Co.

 

Bank Disclosures

Montana Flag

Montanans Serving Montanans

Jeremy Morgret, Chief of Branch Supervision

Jeremy Morgret, Chief of Branch Supervision

It seems that most banks today are calling themselves “community banks” no matter their size, the area where they are located, or the fact they are being publicly traded in the stock market. So, does that mean all banks are the same? How do you differentiate one from the other? Does it matter?

Last week, Jocelyn Lane, a Commercial/Consumer Loan Officer in Missoula, outlined the varying sizes and areas that banks cover today, from national/international banks and internet only banks to regional banks covering several states and regions.

What really is a “community bank”?

While definitions vary somewhat, here is how most people define a community bank:

  • Focused on a specific area with a smaller footprint, say operating within one state verses multiple states or a particular region of the country.
  • Employees you see when you come into the bank, as well as those behind-the-scenes, live and work in the communities they serve, not in another state or country.
  • Jobs and salaries are local. A dollar earned in the community, stays in that community driving the local economy.
  • Community bankers are able to provide a higher level of service and responsiveness at the local level. They have more autonomy to make decisions and serve their customers without the bureaucracy of larger banks.
  • Decisions are focused on the long-term, and are not driven by quarterly earnings reports, analysts, and investors.

Montana Flag

Based on these definitions, Stockman is a true community bank.

  • We are focused on Montana and only Montana. Our company was founded by an eastern Montana farmer, rancher & business person, Bill Nefsy, more than 65 years ago. We are still owned by his family, the Coffee family, and remain focused on serving Montana.
  • All of our 771 employees from the executive leaders, to managers, to those who work with customers all live and work in Montana. In fact, many were born and grew up in the communities they serve!
  • Stockman employees spend their salaries in the Montana communities they serve, supporting schools and local businesses, helping to drive a healthy local economy. They also support a multitude of higher education opportunities and non-profits across the state.
  • Our bankers are local, our locations are managed locally and our decisions are made locally. They are responsive and easy to contact, providing a high level of local service. We empower our bankers with the skills and tools to serve our customers. Because our bankers live in our communities, they possess knowledge of the community and local perspective cannot be replaced by a computer, regional “expert” or short term transplant.
  • Our company and employees donated more than $1.3 million and several thousand volunteer hours in 2019, helping to make our Montana communities better places to live and work.
  • We make decisions based upon the long-term best interest of our employees, customers, and communities by lending money to our customers supporting home ownership, family farms & ranches and small businesses. When you bank at Stockman, your money stays here to work for you and your community.

The choice is yours.

In summary, there are many different types of banks – internet, international, national, regional and community banks. As a business or consumer, the choice is yours. What do you want from your bank? If you want to work with a true community bank, we welcome you to call or stop by today. We look forward to meeting you and helping you meet your financial goals.

Bank Disclosures