CBC Blog

Mike Brooks

Recent Posts

Senate Passes Bill Impacting Home Loans

May 14, 2018 by Mike Brooks

A new law could make mortgage qualification easier.

On March 14, the US Senate passed a bill aimed at rolling back regulations from the Dodd-Frank Act of 2010. The nation faced a mortgage crisis nearly 10 years ago, prompting the creation of the Dodd-Frank regulations. Currently, the US House of Representatives is considering the bill, which will...

Topics: Mortgages / Home Equity

How CBC National Bank Can Help Your Small Business

May 04, 2018 by Mike Brooks

For more than 50 years, National Small Business Week has honored small businesses and their contributions in the United States. More than half of Americans either own or work for a small business. CBC National Bank recognizes and appreciates the importance of small businesses and there are numerous ways that we can help your small business succeed.

Topics: Business Banking

7 Tips to Improve the SBA Borrowing Experience

April 13, 2018 by Mike Brooks

A small business can be the most rewarding challenge of a lifetime. However, such a challenge brings with it an inevitable amount of stress at the company’s inception and as the business grows. The last thing any business owner wants is more anxiety over financing.

Topics: Business Banking

50 Years of Fair Housing

April 11, 2018 by Mike Brooks

April is Fair Housing Month, and this month is of particular import because it marks the fiftieth anniversary of the Fair Housing Act. The Fair Housing Act is a vital piece of legislation that helps to protect the civil rights of groups that are discriminated against while seeking housing.

Topics: Mortgages / Home Equity

First Federal Bancorp, Inc., Completes Merger With Coastal Banking Company, Inc.

April 04, 2018 by Mike Brooks

LAKE CITY, Fla., April 2, 2018First Federal Bancorp, Inc. (“FFBI”), the holding company of First Federal Bank of Florida (“First Federal”) today announced that it has completed the merger with Coastal Banking Company, Inc. (OTCQX: CBCO), the holding company of CBC National Bank (“CBC”).

Topics: First Federal News

7 Tips to Improve Your Credit for Buying a Home

March 30, 2018 by Mike Brooks

Tracking and maintaining credit is a vital but extremely difficult task. Large purchases such as buying a home are exponentially more challenging with poor credit. March is Credit Education Month, making it an ideal time to revisit your credit and start taking the steps to improving it. Try these 7 tips to improve your credit so you can buy a...

Topics: Mortgages / Home Equity

What You Should Know About Rising Interest Rates

March 28, 2018 by Mike Brooks

Interest rates are rising, and in some ways, that’s a good thing. The Federal Reserve slashed rates to near zero years ago when the economy plunged. Now employers are hiring, and unemployment is consistently low. Americans have more money in their pockets, so they’re more willing to spend. Companies are investing in growth, which stimulates the...

Topics: Mortgages / Home Equity

What You Need to Know About the Apple Email Phishing Scam

March 07, 2018 by Mike Brooks

All over social media, users are asking their friends about an email they received from iTunes claiming they made a purchase they don’t know about. Individuals feel confusion at first, since the email looks like it came from Apple and asks for their personal and financial information. One user reports the email claimed he spent $103 on a game,...

Topics: Financial Education

Safeguard Against Identity Theft

March 05, 2018 by Mike Brooks

The prevalence of personal digital technology has ushered in an era of unprecedented convenience for everyone who has a smartphone in their pocket, or a laptop tucked into their bag. Yet these exciting portable gadgets, and the systems they have inspired, have also created a hothouse for people who would like to steal what does not belong to them....

Topics: Financial Education

Cyber Security Alert: Meltdown and Spectre Bugs

January 10, 2018 by Mike Brooks

Meltdown and Spectre are two major flaws in computer processors that leak sensitive data and passwords. These bugs could be exploited by cyber criminals to steal your sensitive data.

These flaws have existed in modern processors for 20 years, but it was recently discovered that virtually all computers and mobile devices are affected by the bugs.