Sign Colorado Banking Claim Computer

Industry sign banking colorado claim computer

you know some things that i could just kind of add sideways a little bit i don't know if that with the camera like it turned sideways or something all right we lost the roger yeah roger okay no i look like you know up here you're mute how about now perfect all right now i'll say he had another picture at the top i don't know if that was just the other computer or whatever it's good it gives them the side view too yeah yeah yeah hey banking always goes up and down and sideways so definitely see he's got that he's got that uh that zero slope so that means that he's neither losing or gaining [Laughter] hey roger we put a little bit about you in the presentation as well sure sure i found the old picture i didn't have anything new so no worries that works nothing's changed nothing's changed in the same field right and i want to introduce a couple other educators and uh administrators on the call we have officer keller we have uh assistant principal mr gross we have mr hollander a mathematician math teacher uh dr b as well she does a lot of great things with the with our school very very resourceful works hand works hands on students parents what have you okay pleasure to meet all of you and the students are in the class right now mr hollander so they're they'll be able to hear you so that you know the ball's in your court you can start whenever you want to start and just let me know whatever you want me to do to facilitate clicking the presentation or what happened whatever you want to present as well i think i would have to stop presenting to let you present whatever you want to present okay i just got in on the uh desktop okay i'm muted just let me know when to start that way i can hit the i can record the uh the meat okay all right can you hear me now yes yes okay perfect all right so we have to set up just in case uh as a backup i have my phone stuff but i'm on i'm on the desktop all right i'm worthy whatever you are yeah you let me know go ahead go ahead we're gonna start all right we are recording all right hello everyone um my name is ed zahr roger and i'm with uh pnc bank i'm a business commercial banker for pnc bank i've had the privilege of uh knowing uh mr glover uh for some time now had an opportunity to go out to one of the schools and um and uh do a session a class session on financial education and at this time i wanted an opportunity to not only discuss the career in banking and banking as a whole but also an opportunity to discuss some of the opportunities that are out there now uh putting into fact the market conditions that we're currently in right now most of the information is readily available but most individuals don't know how to get that information so uh mr glover if you have the the powerpoint up hold on give me one second sure so a little bit about myself um i've been in the baking industry for 23 years uh i went to school in miami down south in miami went to you know elementary elementary school junior high everything did the grade school public school system and then i went to university of south florida to get my bachelor's degree in marketing and economics um and then i later i started my banking career while i was still in college and while in college i never thought that i would stay in banking that wasn't the idea that wasn't the goal i actually wanted to be uh an anr rep for music and for the music industry um but once i got into the industry got my degree um moved over to palm beach and i actually started enjoying what i did for a living it not only was helping others in finances but it actually helped myself and my family because of what i learned by working in this particular industry not only about working in the industry but the customers that i was having um taught me a lot because we have customers from all walks you know we have those are just coming up just starting businesses and understanding the businesses that they started with and you have those that have become extremely wealthy and they share their knowledge with me as well so it's definitely been a blessing and an opportunity even though it wasn't the direction i wanted to go into um it's definitely something that i feel i'm good at and and i definitely feel that i'm making a difference as far as helping others so a little background about pnc bank right um pnc bank for those of you who don't know is one of the largest one of the top six largest banks in the country right now we actually just purchased another bank called bbva bbva is actually the the bank of the nba if you will that's their their claim to fame um that purchase was just made just a couple months ago which is going to put pnc in a new market in several new markets uh we've only been on the east coast uh and just started breaking into the central uh central part of the country but now we're going to be in colorado california we're growing tremendously in texas so the bank is definitely making some some increases you'll see some of our atms in the 711s and in some of the huawei gas stations um all of the atms or endos in those particular gas stations are pnc atms but one of the things that i'm very proud of with pnc um is it's not about being the biggest bank it has nothing to do with that they truly look into educating our customers and going out into the footprint to make a difference so people are a little bit more knowledgeable financially and to see what's available to them so you see there on the screen there as far as again the the growth of the branches i'm sure it's much more than 2296 branches at the moment a little bit over 9000 atms listed as fifth largest bank as far as branches and the sixth largest and deposits and the fourth largest in a number of atms so blackrock national city corporation subsidiary that's a type of investment blackrock investment we actually got out of blackrock this past year it's a huge investment the banks make so just like we make investments banks make investments as well uh and we took out that investment um which is a little bit over 11 billion dollars and that's what we use to purchase bbva the other bank that gave us a larger footprint go to the next screen so here's a picture of me uh this is some time ago uh uh mr glover i don't know i don't forgot how many years probably about two or three years ago yeah about three years back about three years back at constant about three years back right so this was great and what i was doing i was actually working in a different department that i'm in right now i was working in a department called workplace banking and workplace banking we're actually the only bank now that offers a workplace banking program wells fargo used to offer it they canceled that program last year bank at work was a bank of america that program got got away but what workplace banking does is it offers a solution to bring banking to employees and bring financial education uh and this was an opportunity where i was actually going from school to school and and having a chance speaking to a lot of the programs that are available to students now business programs and talking to them about starting businesses how to start a business what banks look for when you're starting a business to so that you can get funding and lending um so this this is one of the class one of the first classes i that i had privilege of talking to and uh we still feel that that's financial education is a big piece in in bridging that gap uh between you know poverty and and and wealth be honest with you okay and roger let me chime in real quick and it was phenomenal because we were able to at coniston at the middle school level in conjunction with pnc bank and thankful to roger that these students if you look in the background those are their billboards for their companies they all came up with company names and these were middle schoolers they come up with company names but they wanted to know the ins and outs how to formulate a company the banking behind the company and what to do once you formulated that so in conjunction with roger we were able to bring everything to fruition and it was phenomenal that's right it was great it was great and and really seeing the engagement uh with the students as well you know the you know the first to get some information to really understand something uh was was uh definitely a prize through the process all right so virtual education field trip all right for pnc all right next page so what do you know about pnc so we already talked a little bit about pnc right we already know that it's it's a growing bank it's one of the largest top six largest banks we have branches that that are spreading out uh heading out to the west coast um predominantly here in florida um we stop right at the miami mark but we're actually going to be breaking into the miami market this year in coral gables in south miami um but we we typically have branches that go all the way up to broward um and pnc actually the name came from two banks provident national bank uh was one of the banks and uh prudential and we came together and he just kept the initials pnc so there's two two banks that actually merged together uh previously pnc bank was national citibank if you remember that bank back in the days fidelity federal national city now pnc bank and that's who we are right now um so next page you have the next slide yeah it says what do you know about business banking the slide that's there now that's the new slide it talks about the business banking and personal banking hold on i think we lost them roger you there all right we're i'm having a break up on this but that's okay i have a back up all right it's okay uh i can see here i have a backup here so yeah okay all right let me put this down all right sorry about that that's cool um so so looking here so what do you know about business banking or personal banking with pnc so business banking so again they're different departments in banking right uh business banking is what i'm currently in right now where what i worked for before in workplace banking was part of the personal aspect right i worked with businesses but it was mainly trying to get new relationships with the employees and helping them financially uh with their car loans with their mortgages with getting a checking account setting up a savings account connecting them to invest financial advisors uh so they're different departments there's a lot of moving parts within the banking industry right so personal banking and business banking is where i spent most of my years in the banking industry so what are some things to know well a couple of things is there are all types of personal accounts that you can set up nowadays right so within a checking and savings account the key is to find a bank that really meets your needs you figure a bank is a bank sure enough bank keeps deposits and you can invest money you can borrow money but each break brings something different to the table okay and it's really finding out what is that that that spark that makes you want to do business with a particular bank now if you're going to be keeping your money somewhere you want to make sure that that bank is not only you providing information but giving you the tools so that you can actually understand how to grow your money and how to invest your money all right so now with business banking what we do in the business banking world is we help individuals once they start up their business we help them set up their accounts and we give them different tools so they can move money around all right we call this having a cash flow conversation cash to a conversation is just asking the simple questions and those questions are again what do you do how does how do your clients pay you okay understanding you know if it's through credit cards is it cash is it checks you know what are some of the services that you're giving your clients to get money to you right you're offering a service and then they're in turn paying you so you want to make it as easy as possible for them to pay you and give them options and really what we do in business banking is provide the tools and and and the information that you can collect money faster and safely uh i'll give an example of this uh i had a client yesterday that's opening a gas station for the very first time never owned the gas station before so we had to talk about hey when you have a gas station you're dealing with a lot of cash how are you moving that cash from the gas station to the bank now some people will say hey i just get someone you know we have one of the employees they throw in twenty thousand dollars in cash in the bag and they walk over to the bank but how many you know that that's not the safest way to do it now there are other options that are there so we come in in business banking and we show additional options that are available so that you can make your business a lot more convenient safer and more cost effective on the personal side uh same thing personal bankers are there to assist you in your growth when you open account from having a student checking account which has no cost to it no requirements for right up until you finish college should you go to college and you get into the workforce now you're getting into having a regular checking account now the key is to understand hey we want to be available and be there for you for all the changes in your life it is a known fact every six months in everyone's life there is a financial change in their life if you look back six months in your life there's been something that's changes changed in your finances whether you're making more money you're spending more money you've increased that you've removed that something has changed in the last six months financially to you so what personal bankers are is they're there for when those changes come into effect that we can provide you the sets and products and information to assist you and then walk along the ways of doing that understanding how to purchase your first home the programs that are available to purchasing your first home understanding how to use credit wisely credit is not a terrible thing credit cards are not bad uh it's the way that we use them that makes a difference so this is where personal banking comes into play at that point next slide just had two students to come in uh roger ain't worried that's fine okay we just talked about that so pmc itself headquarters uh towers that is located in pittsburgh pennsylvania that's where our corporate headquarters is located and uh many banks have different market shares in in the area what a market share is how many how much of the clients or the population is doing business with you right the market share is extremely big in pittsburgh it's close to 40 percent which is huge for a bank if i'm not mistaken in florida we only have a uh six percent market share that means out of the out of all the clients out of all the the population the citizens of florida residents of florida six percent of them have a relationship with pnc that's pretty small so there's a lot of growth and a lot of opportunity and this is where i come in you know my job is to go out there find those uh individuals that have business accounts and show them what we have to offer right um so but pittsburgh is really big uh they actually employ a good majority of uh pittsburgh uh residents um the corporation that's up there let me ask you this roger could you could you explain the process so say for instance these students are working on being first-time business owners right could you explain explain the process i i guess from the ground up when they come in the documents they should have the ein number llc articles of the court things of that nature because that would be the next phase so so they could have a option or exit you know and they could know what to expect when they come into the brain absolutely absolutely absolutely so uh from the business aspect so what are we looking for when you come to open a business account all right we're looking to make sure that the business is registered uh with articles of incorporation now on sunbiz.gov if you go to sunbiz.gov www.sunbiz.gov you will find all the businesses that are registered in the state of florida that are doing business here in the state of florida you just type the business's name up and within that you'll see who the officers are of the business not necessarily the owners most of the times they're the owners but you'll see the officers you'll see the address of the business and in many cases you'll see the second piece of information that we need which is your tax id number okay what a tax id number is for business ein number that's another way of calling it employer identification number it's basically the social security number for the business that's what that is okay so the business is its own entity so you go to sunbiz.org and you're either going to register your business as a corporation okay llc inc those are corporations uh you'll set it you can set it up as a partnership with someone else or you can set up as a sole proprietor as a sole proprietor you and the business basically are one you're saying you can you could you could even use your social security number for that business um we still recommend getting a separate tax id number for the business but you can as a sole proprietor now some of the reasons why people move from being sole proprietors to incorporate it is for protection uh if you have a particular business that is sensitive and something goes wrong that business can be sued or can be gone after uh if you're tied with your business your personal assets can be tied with that as well as a sole proprietor and that's why people separate their businesses and make it corporations so once you've registered your business on sundays.org it'll cost you anywhere from 70 to 150 to do that you now go to the irs.gov website the irs.gov website after you've confirmed that your business name is not taken and that it has been registered for you nowadays it's taking anywhere from seven to ten days to see that registration before it used to be something within 48 hours but it's taking a lot longer but once that name is registered you go to irs.gov and you can apply for an ein tax id number this tax id number will be provided to you same day doesn't cost you a a thing to get the tax id number but it is very important that you make sure that the name is registered with some of this first some people will go in put in the application for the name and then go get a text id immediately uh this is not the way to do it this is not the way to do it uh the reason for this is because uh if the name does not get registered now you have a tax id that's floating out there and then for some reason the name is not registered and it doesn't work that way but once you get that tax id which is provided to you the same day you come in with your tax id number your articles of incorporation and you're ready to open an account at this point roger uh also could you elaborate on once they have that business open any finances that are available to them during these unprecedented times i know during since march there's a school of the new industry of ppp paycheck protection program and a lot of people qualify meaning sole proprietorships individuals businesses or what have you how do we go about how do the students faculty staff go about you know resourcing tapping into those resources what's the guidance for for that to bring those to fruition okay good question very good question so uh a lot of assistance is out there now um so basically once you've uh you know you've set up your business um there are different type the three types of loans that are out there right now are your ppp funding loan which is mainly for payroll uh it's the payroll protection program um sixty percent of the money that you get from the government has to be going towards payroll so if you have people that are working for you even if it's just you as an employee you can actually put in an application for the ppp you have to do it through your bank you can't go to a website at sba to do it whatever bank you bank with that's where you put the application in for the ppp that's accessible for you and it goes up to two million dollars i mean there's companies out there getting that kind of money so that they can keep their employees employed uh again if it's one person two people it's accessible for you we're actually going through our second round of ppp uh in the next couple of weeks um that we're letting out and this is what's getting forgiven by the government at this point you don't have to pay this back um as long as you put down the expenses that you're having with your business they're basically government is going ahead and saying hey we're going to give you x amount of dollars to help you keep your business open so that's one of them and that's ppp um that's available through the bank that you bank with with your business account you put an application there and it's a self-explanatory application that tells you all the documents that you need to submit the second loan which i feel is the loan that everyone should have tried for i have a side business and and i highly recommend nowadays uh to have passive income to create some type of passive income so you may have your career you may have your job but it's always good to have something else that's bringing income right whether you're investing or you're purchasing property and renting property or if you just say hey i just do this little business on the side i have a consulting business that i do on the side a lot of my consulting are two business owners in creating business plans and business proposals and i actually do that when i have opportunity to do so but i was able to apply for the e-i-d-l loan okay e-i-d-l is called economic income disaster loan this loan has always been around okay ppp is new but the eido has always been around it's actually here whenever we have hurricanes any disasters natural disasters that come through you go to the sba.gov website you can apply for your business through the eidl i didn't do much activity the previous year with my business but i applied for the eid alone and i got two thousand dollars that's two thousand dollars more than that i was expecting to receive to be quite honest with you and you don't get you don't have to pay this back you get up to ten thousand dollars anything that's ten thousand dollars or less is just money given to you sort of like a grant once it exceeds ten thousand dollars that they're giving out to you at that point it becomes a loan but it's a loan at a low interest rate how low one percent loans are typically seven eight nine percent okay when you're getting a business loan depends if you have collateral or not well they're giving you one a loan for one percent and i say they mean the government now this is a huge opportunity because now you can pay this loan back in as much as 30 years 30 years to pay this loan back right so you can borrow a hundred thousand dollars and pay that back at one percent it's very little uh interest payback this is the opportunity where you can actually invest uh into another business or help grow your business currently okay um the other thing is and that's important and the third loan um that's available is actually uh loans that you can get uh through your local like through the county palm beach county had an assistance for businesses within the county most counties do very similar to the ppp uh and they have it readily available uh to assist businesses as well you have to go to your state website county website to find out what's available for you to apply for okay one thing i want to make mention during this time we're seeing some changes in in the business world okay uh although we have uh the the dealings of covid and and there's a lot of uh downturn in some areas financially some people are losing their jobs there are still opportunities we're seeing people take a difficult situation and turning it around into opportunity i know of two people personally that have lost their jobs and they actually started pursuing something that they've been wanting to pursue for the longest two separate people and they're actually thriving in this new business had they not have you know not lost their job although it's an unfortunate situation they're in a better situation now financially and they've changed the trajectory of um of their life moving forward because they're doing what they love and they're actually doing well many businesses that are thriving at this time are those that took care of their finances the right way they had a backup it's always recommended that you keep at least three to six months of reserves in a savings account that applies personally and applies for business and the ones that did that they were able to weather the storm until they figured out a way to get around and in some cases they purchased their competitor they actually went out and said hey this is a great time they're not going to be able to survive let me buy up their competitor and now i'm going to gain their clients because they're not in a good situation financially and that's the importance of that um understanding that in a recession most companies are most of the big companies some big companies have come from a recession although we're not in a recession i'm not saying we are but through difficult times a couple of those companies are microsoft microsoft was created during the time back in 1975 by bill gates uh during a a a tough time economically and most recently i would say within the last 11 years uber and airbnb they were created during the housing crisis uh back in 2009 so there are opportunities out there for you to to thrive what questions can i answer i actually have one uh with the eidl would that work for independent contractors as well very good question uh with the eidl they they have some specific rules for independent contractors um the eidl does work for independent contractors however it's what you have to supply to them so they can verify um you know the fundings that they give out to you for example ppp as well uh you have to submit a uh a schedule c uh and some documentation so that they can give to but it does work because i know i have a couple of clients that didn't receive it uh even though they were independent contractors yeah so it's good to know i think i i i do food delivery for uh you know for grubhub as well and okay been i've been a pnc member since you guys were finality so it's nice that we get our direct deposits it's on there and it says grub does as well in the same thing so that's that's one thing that you're looking into uh we presently don't have a uh our own you know our own llc yet but i know my wife and i have about doing that and to know that it does work is also good for us as well it does my brother-in-law does uber and he got a thousand dollars yeah it's not a whole lot but yeah still it's still valid yeah thank you if you want our students uh mr delicate say hello hello he has a question sure could i make an account for psc bank can you open an account for p with pnc yeah okay so how old are you okay so yes you can so 15 is the starting age that we start opening uh student checking accounts so um the only thing is you have to have an adult with you uh to open the account you can't have it by yourself um and i i will save if it's not a mom or dad uh make sure it's somebody that's responsible that you can trust because that account will be joint with that person okay so they have access to that account as well but you have to have it with an adult until you turn 18. uh but you can open one at age 15 and you can get a checking account or a savings account thank you so much any more questions any other questions any students anyone have any more questions out there one thing i would i wanna i wanna just stress um basically in achieving goals you know if you're setting a goal aside uh understanding what i see being a business banker is amazing because i see a lot of people take some of the smallest things and make uh a really viable business with it i know a young lady who's 22 years old she didn't go to college or anything and she was she owns two ice cream shops right and and i asked her i said how did you get started doing this you own two ice cream shops you employ your brothers and sisters and your family and everything she's 22 years old she started selling fruit okay like a fruit stand she started selling fruit and then she she decided to make it into ice cream uh and through hard work and just the consistency of people knowing her and her particular product she was able to make enough money to actually lease her first store uh and open up her first store and then within two years she was able to open up her second store so there are opportunities do not look at that as being a lot of work all right um there's a lot of things that could be considered a lot of work that's why if you do something that you enjoy doing it's not work at that point right uh you're kind of going in there doing what you want to focus on so some of the key things to kind of look at um in achieving a goal define what that goal is what is it that you want to attain right uh write down this is what i would like right uh you have to want that goal don't write it because someone tells you hey you should go after this this is what you should go after this is what you should attain it has to be something you really desire right you got to want it thirdly believe in it believe that you could get that goal and attain that particular goal that you have what it takes to attain it fourth write it down there is just something that comes with writing down uh information that you want to attain okay same for me i saw a big change in my life when i wrote down some of the things that i wanted to achieve uh obtain and some things that i wanted to correct in my life you know some of the flaws that i saw that i wanted to correct i was able to attain all of those things down i'm not gonna lie to you it took me eight years but i remember i found that piece of paper and i was like wow i was able to accomplish this over the next eight years so definitely write it down split it up break it into pieces so that you can attain one thing at a time uh review it go over it schedule a time and then last but not least do it um don't put it on paper and not do it not actually go out there and actually do it okay so you got to have a vision you got to have action behind that vision one of the things that i stick by i always use it's a quote um it's a proverb it says a vision with no action uh is a daydream uh but action with no vision is a nightmare so you gotta have both you gotta have a vision you gotta have action uh to really make things work for you and seek out guidance okay there's a lot of information out there one of the things i didn't have growing up was google right but there's google out there to ask you information but also find individuals that work in specific arenas especially in the banking arena finance arena and find those that are willing to invest the time to provide you information so that you can benefit yourself and better yourself one quick uh delicate student has one more question sure so if i open that account can they touch the money that i put in uh can the person you open it with or who are you wearing today huh yeah the person i open it with can they they can they can this is why i say it's important that the person that that you open it with it has your best interests at heart i i did assist a lot of students out in the belle glade area in establishing accounts um and uh one of the biggest things was making sure that they understand that hey you you're doing this you're putting money in account you're doing it with whoever whoever is the guardian that you put on the account that guardian has access to that money as well so you want to do it with somebody that you can trust and uh and and just basically help you uh so that you can you can have this account it's very important they can't touch it is it like a mini thank you so everything that my parents can do what they call it i can do it too absolutely so you will get a debit card uh debit card works separate differently from a credit card as you know debit cards are connected to the money in your account even though it has visa mastercard on there it's not a credit card it's for the money that you have in your ac ount but yes you can use it the same way that your parents do the only difference is we're not holding you to keep a certain balance so that we don't charge a monthly fee so your parents probably have some kind of requirement so that they don't pay to have a bank account right now you can have a bank account it doesn't cost you anything to have a bank account anything else all right good question good question anybody else have a question man roger i just want to thank you man so much thank you so much you know for bringing this to fruition and broadening their financial understanding of what's expected of them and uh it's going to be definitely good going forward excellent excellent if at any time there's any any additional questions are after this if anyone has any questions uh mr glover uh please they feel free to uh send an email uh i'll be more than happy to uh reply back or or you know if you want to pull a series of questions from the from the students uh i'll reply back uh with the answers to those questions and you can go over there with them perfect now also i think on sure what was that mr glover that was another teacher go ahead mr jefferson yeah well i just wanted to say uh thank you uh information is very vital um i hope some other students that come on um helped me out a little bit too because i you know i try to do my own business work as well and i've done i've done some work with pnc um on a couple of occasions uh and uh look forward to maybe coming back to doing some other some other things with pnc so i appreciate your time man that's awesome all right thank you thank you christian you got any questions you want to say christian foss no sir but thank you all right thank you for participating keep up the great work uh the last assignment is uh by today's ending i think mr uh rogers email address is inside of the uh google classroom for the students you know please send them a thank you email you know we started this back at connoisseur all the students you know they would uh send out emails saying thank you so definitely if you have time to do that teachers feel free to make sure that the students do that as well to show our appreciation uh taking time out of his busy busy banking schedule uh again thank you and thank you to pnc as well for allowing you the opportunity to do this for us my pleasure my pleasure all right please please being here with you guys guys stay safe and uh again um i'm readily available know how to get in contact with me be more than happy to assist any way i can hold on real quick mr gross you want to say anything we have our assistant principals on sure hey there mr mr roger i was just gonna say thank you as well um i know a lot of our students are very into finances you know that's the one motivator so i know this was a very good presentation for our students to hear so thank you thank you thanks for having me all right roger you have a nice one man okay thank you folks have a good one friday too right huh we're on for friday too yes we are we are all right see you friday peace thank you staff have a great day