Important disclosures
Certificate of Deposit Promo – Inside Front Cover
2. scounted check orders must be ordered through CB&T to qualify. Checks can be ordered through a branch, online banking, or by calling customer service. Existing business accounts and Attorney Client Checking not eligible. Existing CB&T business checking account holders not eligible. One discount per business customer tax- id number. Excludes public agencies, political action committees, fiduciary, and campaign accounts.
1. Please refer to the Deposit Account Agreement, Account Disclosure, Deposit Rate Sheet and the applicable schedule of fees, or speak with a banker for more details.
2. Fixed Interest Rate on Certificates of Deposit – Your disclosed interest rate will not change until the CD renews at first maturity. Your CD will renew automatically at maturity for a similar period unless we send you notice of nonrenewal. We will send a notice before maturity to provide you with an opportunity to prevent renewal during the grace period. 3. Certificates of Deposit Interest – Interest is calculated on collected funds only. Annual Percentage Yield (APY) is fixed for the term of the CD. Penalties assessed for early withdrawal. Fees may reduce earnings.
Military Checking – Page 18
1. Online Banking & Mobile Banking – Mobile banking is included at no cost from California Bank & Trust. Requires download of smartphone version of CB&T Mobile Banking app from the Apple® App Store, Google Play®, or Samsung Galaxy® App Store. Message and data rates from your wireless provider may apply. Requires enrollment in Consumer Online Banking. Subject to the terms and conditions of the Digital Banking Service Agreement.
Q&A with JR Younathan, Senior Vice President and California Mortgage Production Manager, California Bank & Trust
INTERVIEW BY DEBRA GELBART
Business Checking Account – Page 7
1. Offer available to new Business Inspire, Business Growth, Business Connect, Community Checking, and Business Interest checking accounts opened with new money between April 1, 2023 – December 31, 2023. Minimum opening deposit of $50 required. To receive the cash bonus, the account must be a Business Inspire, Business Growth, Business Connect, Community Checking, or Business Interest checking account and have at least an average ledger/current balance in the third full calendar month after account opening of $10,000 and perform ten (10) of any of the following transaction types by completion of the third full calendar month after the account opening: ACH Credit, Bill Pay, Checks Paid, Debit Card, and Wires (Incoming/Outgoing). There may be a fee associated with these transactions. Bonus of $250 will be deposited into open checking account within 60 days of completion of qualifications and is limited to one (1) bonus payment per customer tax- ID number. All tax liabilities, if any, associated with the benefits are the responsibility of the recipient, and the recipient may receive an IRS tax reporting statement that includes the approximate retail value of the benefits. If tax documentation including a valid W-9 or W-8 is not completed, the prize may be forfeited. Offer is not available to existing CB&T business checking customers, public agencies, Political Action Committees, fiduciary accounts, or campaign accounts. Existing/returning customers must have a period of 12 months without an open CB&T business checking account. Offer subject to change at any time. Please refer to the Deposit Account Agreement, Account Disclosure, Business Banking Deposit Rate Sheet, and the Service Charge Information Schedule or speak with a banker for more details.
2. First order of CB&T logo checks must be ordered through CB&T from Deluxe to qualify for the discount.
What led you to a career in real estate lending? I started in banking as a teller and six months later,
most investment income to help them achieve their goals. I’m proud that we offer world-class service.
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I was a personal banker. We used to do residential lending as bankers. I had my first experience doing home equity lines of credit and deeds of trust, and really enjoyed it. I’ve been doing real estate lending for 25 years now.
What do you consider your greatest career accomplishment?
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Treasury Management Select – Page 19
When I first got to CB&T, the mortgage department needed some extra attention. Last year, as I was figuring out how we could boost performance, I created four core values. The first core value is operate with kindness. The second is to be intentional, with a singular focus on making sure we achieve something each day. The third is “first things first,” ensuring work-life balance by helping each other out, especially if a team member needs time off to address personal concerns. The fourth is to serve and give. I enjoy serving others during my free time and we encourage our 50-member team to support causes important to them. What I’m really proud of is that our team lives these core values. It has made a world of difference for us.
1. See Treasury Management Select Services & Fees Schedule for additional information. Certain Treasury Management Select services may require credit approval.
How do you help your clients understand the essence of real estate investing?
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The focus for me is making sure I educate clients. I try to help a client differentiate between buying a home and buying a house. Your home is where you make memories with your family; it’s not necessarily going to bring you a financial return, depending on how long you stay there. I come from a school of thought that if you’re taking money out of your pocket toward something every month, that’s not an investment. An investment should be putting money into your pocket. If you’re buying a home to live in, that’s not necessarily an investment.
2. Offer good May 1 through October 31, 2023. 90-day (three billing cycles) monthly fee waiver for ACH Credit, Wire Transfer, Remote Deposit Capture and Positive Pay modules. Upon expiration of the 90-day waiver (three billing cycles), standard monthly fees apply. Offer limited to customers who opened a new business checking account (Business Inspire, Business Growth, Business Connect, Community Checking, or Business Interest checking account) during the same offer time period. Offer is not available to existing CB&T business checking customers.
What about you might surprise people? I owned a used-car dealership with my brother
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Greenwich Awards – Page 34
What makes CB&T different from other lenders in this space?
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for about three years in Riverside during the Great Recession. The automotive world requires more than full time. But because I was also working in the mortgage business, I couldn’t devote the time necessary to keep the dealership going. What I learned from that experience is that while a lot of lenders may lend to used-car buyers at high interest rates, it was better for our customers to send them to their own bank for a loan if they had good credit. It underscored for me the value of a client-centered banking relationship.
1. Coalition Greenwich is a leading global provider of data, analytics and insights to the financial services industry. The Greenwich Excellence Awards are presented in 19 categories each for middle market and small business, based on more than 20,000 interviews with businesses nationwide evaluating more than 500 banks.
We have a good understanding of our clients because the majority of our borrowers are from our current client base. We have the wherewithal to help support clients who are what I call investment-centric, or those who are determined to make money through their real estate purchase. A lot of these clients are entrepreneurs and have complicated financials with different income streams. What we do really well is decipher and review their situation in order to figure out how they can derive the
A division of Zions Bancorporation, N.A. Member FDIC © 2023 Zions Bancorporation, N.A.
Equal Housing Lender | SBA Preferred Lender | NMLS #467014
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calbanktrust.com/ inyourcorner
IN YOUR CORNER ISSUE 14 | 2023
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