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Welcome to The Vault and thank you for spending time with Scott Valley Bank by reading our electronic publication.  We hope you’ll find what we present in The Vault to be relevant to your business or to your life. Our goal is to share articles about business in general, and sometimes about banking in general, especially when there are timely topics such as you’ll find in this edition.  We are proud of our role as a trusted resource for better than 150 years.

"Coming together is a beginning.
  Keeping together is progress.
  Working together is success."
      
Henry Ford


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Risk Management for Small-to-Mid-Sized Businesses
by Timothy S. Avery, President/CEO, Scott Valley Bank
When the economy was running at a feverish pitch in 2005-2006, many small business owners felt that their biggest risk-management issues were the ability to meet demand, handle expansion planning, and the financial implications associated with both. Seemingly good problems to have . . .  In actuality, the biggest risk was the cooling of the very “fever” that described the times then, and the possibility that it would end abruptly, which we all know is exactly what happened.
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Social Engineering and Your Business
by John Sparks - SVP/Branch Services Administrator, Scott Valley Bank
How many times have you heard the term “social engineering”? You have probably read about it and perhaps even instructed your staff as to how to avoid the hazards that can befall your business as a result of social engineering. To quote Webopedia, “social engineering is the act of obtaining or attempting to obtain otherwise secure data by conning an individual into revealing secure information. Social engineering is successful because its victims innately want to trust other people and are naturally helpful”.  You would think we would all know better; too often we hear that someone has fallen prey to one of the schemes that continue to surface and antagonize victims.
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Keep Good Records
The term “record keeping” refers to the orderly and disciplined practice of storing business records. Record keeping is one of your most important responsibilities as a small business owner. The success of your business depends on creating and maintaining an effective record system, whether your business is a sole proprietorship, partnership, or corporation. This information, provided by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA) offers tips.  Read More...

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We are pleased to present articles from respected guest authors in this newsletter. This newsletter contains links to non-bank sites.  These links are offered only as a pointer to information that may be of interest to our readers and do not imply endorsement or responsibility for the ideas, opinions, information, products or services offered. Linked third-party websites may have privacy policies that differ from the privacy policy of Scott Valley Bank.