Providing helpful business tips and exclusive information about Hills Bank services.

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Volume 8, Issue 1: January - February 2013

Business Succession Planning for Baby Boomers

Business succession planning is an essential part of running a business, especially for small-business owners and owners who are nearing retirement. By planning business succession early, owners can help make the transition seamless and minimize the impact of their departure.

Hills Bank works with many business owners as they plan for their retirement. With that in mind, we have gathered experts who will help you think about the future of your business. Those speakers include:

  • Jolene Brownwill provide tips and encourage you to start making your business succession plan.
  • Kyle Enger will entertain you with the nuts and bolts of putting together your plan.
  • Mike Regan and his team will share the tax* implications of selling your business.
  • Bill Hochstetler will remind you to communicate with all your advisors prior to signing on the dotted line.
  • Mark Ahlers will share how you can invest the funds from selling your business to ensure your retirement** will sustain the quality of life you wish to have.

Succession can be a daunting task but if you take small steps you can help the next generation transition and set expectations for all involved. Please join us on February 19 and March 12 for this entertaining yet thought-provoking workshop. Learn more about this workshop and register online.

* Be sure to secure professional tax advice before attempting to implement any of the ideas presented.
** Not FDIC insured, not insured by any federal government agency not guaranteed by the bank, and may go down in value.


Share Your Business Resolutions!

Do you have any resolutions for your business this year? If so, we would love to hear them. Here are a few examples that we've heard around the office:

  • Clean desk and secure documents before leaving for work each day.
  • Make one extra loan payment in 2013.
  • Return customer phone calls within 24 hours.
  • Seek 25 new customers.
  • Update employee handbook.
  • Develop one new skill-building activity each month.
  • Clean out the storage room.

Submit them to Carrie_Ebel@hillsbank.com and in November 2013 we will check back with you to see how you've done. Good luck and chase your resolutions today!


National Consumer Protection Week

Hills Bank joins federal, state, and local government agencies and national organizations to celebrate the 15th annual National Consumer Protection Week (NCPW) March 3-9, 2013. During NCPW, organizations share tips and information that help consumers protect their privacy, manage money and debt, and avoid identity theft and scams.

Please visit ncpw.gov to learn more about National Consumer Protection Week and visit the Hills Bank Customer Protection Center for more educational information and ways to protect your accounts and personal information.


Upcoming Seminars

Learn more or register for upcoming seminars from Hills Bank.

Disaster Recovery Training Lunch and Learn
Wednesday, January 30th
12:00 - 1:30pm
Hills Bank, 590 W Forevergreen Rd, North Liberty

Taking Control of your Farm Business
Tuesday, February 5 &
Wednesday, February 6
8:00am - 5:00pm
Hills Bank, 590 W Forevergreen Rd, North Liberty

Preparing for the Legacy of Your Business
Tuesday, February 19
8:00am - 5:00pm
South Slope Community Center
980 Front Street, North Liberty

AND

Tuesday, March 12
8:00am - 5:00pm
South Slope Community Center
980 Front Street, North Liberty

Managing the Closely Held Business
Wednesday, February 20 &
Thursday, February 21
7:00am - 5:00pm
Hills Bank, 590 W Forevergreen Rd, North Liberty

2013 Weather and Market Outlook Breakfast Seminar
Wednesday, February 27
Breakfast 7:30 am; Program begins at 8:15 am
Hills Bank and Trust Company
3905 Blairs Ferry Road NE, Cedar Rapids

2013 Weather and Market Outlook Lunch Seminar
Wednesday, February 27
Lunch 11:30 am; Program beings at 12:30 pm
Johnson County Extension Office
3109 Old Hwy 218 S, Iowa City


Ask the Expert

Q. I've heard that I need to have Java updated on my computer. What is Java and how do I update it?

A. Java is an Internet application for personal computers that runs games, interactive calculators, utilities, images, etc. Recently, the Department of Homeland Security issued an alert about a vulnerability in Java version 7 update 10 and has provided suggestions on how to defend and protect your computer.

To find the version of Java you are using on Mac OS X, go to Applications → Utilities, then search Java Preferences. In Windows, go to Start → Settings → Control Panel → Java Control Panel. If you choose to disable Java from your computer, you may notice changes in how websites look, images may not load, or some websites or applications may not function properly.

As with all software, keep your browser, operating system, and all enabled plug-ins up-to-date to help defend your computer against vulnerabilities.

For more information and updated alerts about the Java vulnerability, visit the U.S. Department of Homeland Security website at us-cert.gov.

Its always time to save with the Hills Bank Savers Club

10 Second Tip

Financial Advisor
When talking to your financial advisor, talk in actual dollar amounts and not percentages. A half percent could translate to thousands of dollars. Compare balance sheets and income statements side-by-side and figure actual dollar amounts instead of percentages.


Hills Happenings

Holiday Schedule

The bank will be closed on the following holiday:

  • Martin Luther King, Jr. Day
    Monday, January 21
  • Presidents' Day
    Monday, February 18

Even though we will be closed, you can still do your banking at over 90 Hills Bank ATMs in the Corridor, Hills Bank Online, mobile banking, or through Push Button Banker.

See all the Hills Bank holidays.

The Greater Iowa City Area Home Builders Association Home Show

See thousands of home, remodeling, landscaping, and decorating ideas come to life at the 2013 Home Show. Plus, you can learn from local experts to gain advice for your home related projects.

This year, the Remodelers Council of the Greater Iowa City Area is organizing a Garage Sale to raise funds for the Residential Construction Academy supported by Kirkwood Community College. Learn more about the Home Show and Garage Sale or attend at:

Coralville Marriott Hotel & Conference Center

Friday, March 1
5 - 9pm

Saturday, March 2
10am - 6pm

Sunday, March 3
10am - 4pm

Equal Housing Lender

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Hills Bank and Trust Company.
Member FDIC.