With all of the recent cyber attacks on major companies, from Equifax to Yahoo, it is more important than ever to know how to protect your information online. One of the most dangerous forms of fraud to be aware of is synthetic identity fraud. What is Synthetic Identity Fraud? Synthetic identity fraud (SIF) involves the […]
The Potomac River impacts all DMV communities and residents in one way or another. Whether it’s walking along the Georgetown waterfront or kayaking in Great Falls, the Potomac River provides endless entertainment and resources for DMV residents, including a crucial source for clean drinking water. That’s why Potomac Conservancy’s mission is to advocate for the […]
Millennials’ financial habits and the generation’s impact on the economy is a highly debated topic. As a response to the many conflicting reports from research on millennials, Revere Bank conducted its own survey to determine millennial trends related to finances. Revere Bank Millennials Research Methods Revere Bank conducted a survey that sampled 118 millennials (people […]
When your mission is helping protect people who need it most, there is no time or money to waste. Shared Horizons is a D.C.-area nonprofit that manages pooled trusts, helping protect the personal finances of those with special needs. The Shared Horizons team works to improve quality of life and to protect each client’s benefits. […]
Equipment purchases are a vital part of starting (and running) a small business in Maryland. Equipment updates and modernizing old equipment can make your business more productive, efficient and even save you money in the long run. However, purchasing equipment is not an insignificant investment. While there are many ways to finance business costs, many […]
Managing a successful nonprofit is no easy task. Many organizations are faced with a thin budget, limited resources and thousands of regionally competitive groups. In order to navigate these challenges, a cooperative structure of relationships ─ from volunteers to community partners ─ is vital to ensuring that no time or money is wasted. Of these […]
Overwhelming student debt. Lack of savings. The housing market crash. Saving for college. No formal financial education. Revere Bank heard these concerns over and over again during a 2016 study of millennials and their financial habits. Key findings from the study include: Forty percent of millennials surveyed do not invest (other than in their employers’ […]
Services provided by commercial banks range from basic to utterly complex. If you’re looking for a bank for your business, you need to make sure it provides you with the entire range of services – and with the convenience you need. What exactly are the services provided by commercial banks? Well, commercial bank services include […]
It’s that time of year again, Maryland! Here’s everything you need to know about Maryland business tax credits and incentives for the 2017 filing season. Who Must File All corporations and associations with income allocable to the State of Maryland are required to file an income tax return with the state on Form 500. The […]
Banking terminology is not always the easiest to follow. Learn these definitions of common personal banking terms to navigate the banking world like a pro. Annual Percentage Rate (APR) The yearly rate that is charged for borrowing, which represents the annual cost of funds over the term of the loan. Annual Percentage Yield (APY) The […]