First Pacific Bank was a proud sponsor of the 2024 Economic Outlook presented by the Santa Fe Springs Chamber. Held in January 2024, the event featured Dr. Thornberg and included an informative presentation on economic trends, the outlook for California and Los Angeles County, and the path forward for your business. The presentation is included…
To help fight financial crime and terrorist financing, the U.S. Department of Treasury passed a new regulation making it mandatory for financial institutions to collect information on beneficial owners of legal entity clients. This regulation was enacted to provide greater transparency into company structures and better protect the U.S. financial system. Understanding Beneficial Ownership. Beneficial…
Starting a small business is an exciting journey that offers opportunities for growth, innovation, and financial independence. To set yourself up for success, it’s important to approach this venture with careful planning, determination, and a willingness to adapt. In this article, we share 12 tips to help guide you through the process of starting a…
For many small businesses, securing the funds to start or grow their operations can be challenging. The Small Business Administration (SBA) offers financing solutions through its loan programs designed to provide businesses with access to affordable capital, favorable terms, and additional support. In this article, we help you understand the basics, explore available loan programs,…
In today’s rapidly evolving digital landscape, the transition towards paperless processes is becoming increasingly common, and for good reason. One significant change that has taken place is the shift from traditional paper statements to electronic statements, also known as eStatements. This digital alternative to receiving financial information has numerous benefits that can enhance your financial…
As the summer season kicks into high gear, many of us are planning vacations and trips to explore new destinations. Whether you’re traveling for leisure or business, taking proactive steps to keep your information safe is key in today’s interconnected world. Learn eight tips to ensure the security of your data while traveling, so you…
In today’s digital age, cybersecurity is more important than ever. With so much of our personal and professional lives taking place online, it’s crucial to take steps to protect ourselves and our data from cyber threats. In this article, we’ll share ten tips on how to stay safe and secure online. Read more about cybersecurity…
As companies manage the ongoing shift in the way we work, culture continues to remain a key focus for business leaders and human resource executives and there’s good reason why. Research shows that a strong employee culture can influence organizational performance, build a sense of trust and cooperation, advance open communication, improve customer service, and…
Cyber-attacks are one of the greatest threats to the world’s financial system and as companies continue to conduct increasingly more business online, cybercriminals have found new and more sophisticated tactics—the most common being social engineering. Social engineering attacks target people by feeding into human nature and using influence, manipulation, or deceit to gain sensitive information….
