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In May, the Texas unemployment rate fell to 13.0%, which is below the national rate of 13.3%. That’s the first decrease since the state economy was first shut down by the COVID-19 pandemic, according to the Texas Workforce Commission. The TWC also noted the addition of 291,000 private sector positions over the past month. Companies […]
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Doug Look has been appointed Chief Credit Officer at Texas Gulf Bank, N.A., MEMBER FDIC, an independently owned and operated bank established in 1913. Look will office in the CityCentre location where he will assume responsibility for the overall credit quality and risk management of the Bank’s Lending function including oversight of Lending Compliance, Credit […]
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“As we open Texas, we are each called upon to be Texans: to act responsibly as we re-engage in the economy, to continue following all health precautions and sanitizing guidelines, and to care for our vulnerable neighbors. Lives depend on our actions. I know you will respond as Texans.” – Governor Greg Abbott […]
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High-deductible health plan (HDHP), Health Savings Accounts (HSAs) help you save for medical expenses with multiple tax benefits, like pre-tax contributions, tax-deferred growth, and tax-free withdrawals for qualified medical expenses. Did you know that an HSA can also be a powerful savings tool for retirement? If you’re preparing for retirement and typically max out contributions […]
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In this world, where technology makes our information easier to find, we’re all vulnerable to phishing attacks. That risk becomes infinitely greater when you are a business executive with a public profile. It’s essential to publicize your business online in order to grow; but, at what point does that put your entire company at risk […]
Paycheck Protection Program UPDATE 04/28/20: Due to such high demand, Texas Gulf Bank unfortunately must temporarily suspend acceptance of Paycheck Protection Program applications for non-TGB clients. Please continue to check our website for updates. *Loans are subject to certain underwriting criteria as required by the rules of the CARES Act. Paycheck Protection Program UPDATE 04/24/20: […]
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The current disruptions due to Covid-19 to the market, as well as many daily operations, are strong reminders of why we all must prepare for economic uncertainty. There are many steps you can take even now to protect both your people and financial assets. 1. Have a Back-up Plan The question many businesses face right […]
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The Covid-19 pandemic has complicated our daily lives and opened a space for con artists to take advantage of citizens during a time of great vulnerability. The probability of fraudulent attempts to gain access to your bank accounts, or criminals peddling fake products, drastically increases during stressful situations such as this. The Texas Department of […]
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Money and death are the two most difficult topics for families to discuss, but avoiding these conversations can have devastating consequences. While it might be emotional to bring up money with your children, it’s important to make sure your family understands your financial strategies including your wishes for establishing a trust. A properly structured estate plan […]
TEXAS GULF BANK ELECTS TAMMI BLEVINS & JONATHAN FINGER TO BANK BOARD LAKE JACKSON, TX, January 7, 2020: Texas Gulf Bank, an independently owned and operated bank established in 1913, announces the election of Tammi Blevins and Jonathan Finger to their Bank Board. Blevins, a Certified Public Accountant (CPA), is currently working as an accountant […]