April 02, 2020, 11:06 AM
As we continue to navigate through evolving safety measures, we must make the choice as a community to embrace our new normal. Now more than ever, local businesses are facing some of the most challenging, unprecedented times — and they need all of us.
We can all play a part in flattening the curve and boosting our local economy by supporting our local makers. Small business owners have adapted and retooled the way they do business to better serve our community, so let’s celebrate their efforts by shopping, eating, engaging and supporting all things local.
Here are some of our favorite ways to support the local businesses you love:
- Shop online
- Purchase gift cards
- Order takeout (perfect for date-night-in or family game night)
- Pickup food at the drive-thru
- Reschedule salon services instead of cancelling (or pre-pay for appointments)
- Subscribe to online workout classes from local workout studios
- Review, comment, like and share your favorite businesses on social media
March 24, 2020, 4:45 PM
A Legacy Cornerstone Partner of 25 years steps up to pledge $150,000
[Lubbock, TX] – City Bank will present a check that will provide relief to the South Plains Food Bank immediately with $30,000 toward the COVID-19 Pandemic and a total of $150,000 over 5 years. An original Cornerstone Partner, City Bank has been a supporter of the mission to End Hunger, Give Hope and Enrich Lives since 1994.
The donation is coming at a pivotal time for the food bank, according to South Plains Food Bank CEO, David Weaver. “In these very uncertain times, this gift will help make an immense impact on our neighbors who are and will be struggling for months to come.” says Weaver. “With needs increasing and changing daily we are all attempting to navigate the COVID-19 pandemic. Once again City Bank is stepping up to help with critical basic needs on the south plains. This contribution will help for years to come as our community works to come back from this crisis.”
“City Bank is proud to partner with the South Plains Food Bank in these unprecedented times and in the brighter days ahead. As a long-time community partner, we know the needs are great and we want to do all we can to provide the resources to meet those needs today, and in the years to come,” said Cory Newsom, City Bank President and CEO.
About the South Plains Food Bank
Food banking solves two problems ... hunger and waste. The South Plains Food Bank, Inc. is a humanitarian resource responsible for securing, growing, processing, and distributing food to charitable organizations and persons in need. South Plains Food Bank, Inc. also strives to provide opportunities for persons to break out of the poverty cycle. The South Plains Food Bank is committed to alleviating hunger and giving hope to the hungry. We touch 1 in 8 people across the South Plains and serve over 57,000 people each year. The South Plains Food Bank also supports programs that improve food security among the people we serve through our Kids Cafe program, Mobile Pantry program, and GRUB, Growing Recruits for Urban Business, program. Our vision is to see a hunger-free community.
Original Press Release and Source: South Plains Food Bank March 24, 2020
September 03, 2019, 10:20 AM
(LUBBOCK, Texas) – City Bank, headquartered in Lubbock, Texas, has been named one of the Best Banks to Work For in 2019. This is the seventh year in a row City Bank has received the award. City Bank credits its company culture and employee-focused programs as two of the many reasons for receiving the distinct award.
The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes and honors U.S. banks for outstanding employee satisfaction.
“We are honored to be recognized as a Best Bank to Work For. A great deal of effort goes into improving and sustaining the financial, physical, and emotional wellbeing of our employees,” says Cory Newsom, President and CEO. “Our company culture reflects the attention and unique opportunities we give our employees and their families. We absolutely recognize that the success of our institution is dependent on their support.”
Employees are at the heart of the City Bank culture as shown by an ultra-competitive benefits package, along with an industry-leading product referral program that pays employees cash for being advocates for the customer. Within the organization, there is an employee-administered H.O.P.E. (Helping Our People in Emergencies) fund that helps fellow coworkers with financial assistance in emergencies. The voluntary contributions to the fund are generously matched by City Bank. Plus, there are a number of themed events held outside of the bank where employees (and their families) can get together to celebrate and unwind throughout the year. Last, a leading corporate wellness program provides frequent education and screenings which also rewards employees for a healthy lifestyle in the form of money or paid days off. City Bank invests heavily in the opportunities, wellbeing, and livelihood of its employees.
Determining the Best Banks to Work For involves a two-step process. The first step involves an evaluation of participating companies’ workplace policies, practices, and demographics. In the second step, employee surveys are conducted to directly assess the experiences and attitudes of individual employees with respect to their workplace. The combined scores determine the top banks and the final ranking.
Best Companies Group managed the overall registration and survey process and also analyzed the data and used their expertise to determine the final ranking.
January 04, 2019, 8:54 AM
Whether you're going to owe big this year or get something back, it's still a chore to go through the motions and get everything submitted by that April deadline.
But, have you considered whether you are taking advantage of the right deductions? Before you submit your return, here are some of the most overlooked tax deductions that you may want to include this year.
A Second Home.
Use Schedule A to itemize any expenses related to a second home such as property taxes and mortgage interest. Remember you can count a boat or RV as a second home as long it has a bathroom and kitchen.
Not every investment is a winner, and you can take deductions on those that you sold at a loss in the prior tax year. This would be shown as reduced earnings against the same class of stocks, such as other long or short-term stocks.
FSA and HSA Contributions.
Healthcare is expensive, and you still have some hefty deductions in the form of Flexible Spending Accounts ($2,650 for 2019) and a Health Savings Account ($3,500 for an individual).
Military Moving Expenses.
While most moving expense deductions have been eliminated, members of the armed forces are still permitted to use this valuable deduction.
2018 marked a year of several natural disasters from major hurricanes to flooding to massive wildfires. If you were the victim of one of the tragedies and in a federal disaster area, you are eligible for some tax relief.
Home Office Space.
If you are self-employed or make some extra cash on the side using a home office, you can claim a deduction for up to 300 square feet of home office space.
Service Animal Training.
IRS Publication 502 states that dog owners can deduct the cost of training and maintaining a service animal to help with hearing-impaired, visually-impaired, or other physical disabilities.
If things didn't go as planned at the casino, you can deduct gambling losses (with the right documentation) up to the extent of your winnings.
Student Loan Interest.
Student loan interest is tax-deductible, and a child can even write off up to $2,500 per year even if their parents are making the payments, provided that child is not considered a dependent of those same parents.
There is now a tax credit equal to 100 percent of the first $2,000 paid in college expenses each year, plus 25 percent of the next $2,000. College expenses refer to payments for tuition, fees, and books.
Stress-Free Banking with City Bank
Whether your goal this year is to buy a home or car, save more, or start a business, City Bank can help. We offer local relationship banking combined with innovative online and mobile tools. Contact us now to learn more about how our services can help you achieve your goals.
*This is for informational purposes only and you should contact a professional tax advisor with any specific tax filing questions.
January 02, 2019, 10:42 AM
It is almost as popular a practice to break a New Year's resolution as to make one in the first place. If you're just going to create a list of promises to yourself and then chuck it to the side within a matter of a few days or weeks, what's the point?
Now that 2019 is upon us, should you even bother reflecting on the past year and creating some goals for the coming one? Experts agree that roughly half of people who do have a successful list of resolutions have a few things in common when it comes to their plans.
Choose the Right Resolution
Time management company Franklin Covey discovered that about one-third of New Year's resolutions don't make it until February. The main reason for this is that people don't put enough thought into choosing their goals.
Not only should a resolution be achievable (so you don't get discouraged) but it should also be meaningful. When you create your resolutions for 2019, they should be specific ("I want to lose 10 lbs" instead of "I want to lose weight."), measurable (see the last criteria), achievable (realistic but a slight stretch is ok), relevant (it matters to you), and time-bound (you set a deadline).
Create a Plan
Wishing doesn't make it so, which means that you'll need to create a plan to achieve each of your resolutions. Let's abandon the weight loss resolution and look at something else. Assuming you want to save $100 per paycheck to go towards a down payment on a new home, how will you achieve this? Have you identified expenses you can cut back on to help you save or ways to earn some extra income?
Few people achieve all of their goals seamlessly, and this isn't the reality for most people. Change can be difficult, so it's important that you have a plan to tackle hurdles along the way. Going back to the money-saving example, can you break it down into $50 per week of savings? Or, maybe you need a few months to get to your goal of saving $100 per paycheck. If so, create a schedule that you can keep.
Make it a Group Effort
There's a good chance that you're not the only person looking to make some changes in the coming year. Sure, you could probably find a Facebook group designated just for "2019 Resolutions," but you can also keep your support system more intimate. Just let a few people close to you know what you're doing and ask them to give you some encouragement or hold you accountable.
If You Fall a Little Short
There are no failures. As long as you keep trying to make positive changes in your life, you can consider each attempt a success. What matters the most is that you treat yourself with kindness and continue to create goals that will improve your health, happiness, and future.
Can City Bank Help You Achieve Your Goals in 2019?
Many New Year's resolutions are financial in nature. If you want to save more cash, get approved for a credit card, open a business, or buy a new home in 2019, find out how City Bank can help you achieve your goals.
December 19, 2018, 9:16 AM
Do you have a credit card in your wallet that has become your default tried and true solution when it's time to charge a purchase? There's nothing wrong with loyalty, but it might be time to make a change if you can get some perks in return.
One recent study found that about 49 million Americans have never switched their main credit card and nearly 20 million have held onto the same card for a decade. Premium credit cards are now more popular than ever, and City Bank offers a range of three personal credit cards to meet your needs.
Feature-Packed Low-APR Credit Cards
City Bank offers consumers a choice of three credit cards, all with a low APR. Our Mastercard® Platinum card comes with a 0.00% introductory APR for six months (including balance transfers). After that, your APR will vary depending on your creditworthiness, with a rate between 10.99% to 18.99%. Terms and Conditions
Both the Mastercard Platinum Rewards card and the Mastercard World card offer a 14.99% to 20.99% APR, based on creditworthiness. These rates are also available for balance transfers.
Terms and Conditions
No Annual Fee
There is no annual fee for a City Bank credit card. Premium credit cards from other major providers can have annual fees that are an average of $95 to as much as $195. Not only do you get a credit card without having to pay a fee, but you will also receive one that comes with several perks.
Get Perks with a City Bank Credit Card
The City Bank credit card you choose will depend on your particular needs and desire for certain benefits. Some of the most attractive perks featured by each card include:
Consumer Platinum Rewards
1 reward point earned for each dollar spent on the credit card.
Get a one-time bonus of 5,000 points if you spend $1,000 in the first 3 months.1
Redeem reward points in various categories such as cash back, travel, and gift cards.
Terms and Conditions
Consumer World (Rewards)
Earn double points for every dollar spent on hotels, airfare, dining, and car rentals.2
Earn 1 reward point for every dollar spent on non-travel purchases.
Get a one-time bonus of 10,000 points if you spend $3,000 in the first 3 months.1
Premium concierge services - a personal assistant 24/7 who can help with travel planning and on-site assistance while you are away from home.3
Terms and Conditions
No matter which card you choose, you will have access to 24/7 customer service, multiple payment options, a dedicated account manager, extended warranties, identity theft and price protection, and rental coverage.
Which City Bank Credit Card is Right for You?
With several amazing choices in consumer credit cards, it can be difficult to choose. Maybe the choice is clear, and you are ready to apply now.
If you have any questions about our low APR credit cards, their features, or just need some help finding the one that suits your needs, give City Bank a call. Reach us today at (800) 687-2265 or come into one of our branches to get started.
Subject to Credit Approval. Ask for details.
1Upon approval, a letter will be mailed acknowledging your new account. The Rewards Bonus period begins on the date of the new account letter and ends 90 days later. For details on the Rewards Program, please visit city.bank/myapexcard.com/apply and select Rewards Terms and Conditions. Reward options are subject to change without notice. 2We group similar merchant category codes into Purchase Categories that are used to calculate the stated reward points. We make every effort to include all relevant merchant category codes in the listed Purchase Categories. However, even though a merchant or the items that it sells may appear to fit within a Purchase Category, the merchant may not provide us with the merchant code that will fall within that Purchase Category. Because of this, we cannot guarantee that a purchase will qualify for more than the standard 1 (one) rewards points as any purchase where a merchant uses a category code outside of the eligible Purchase Category does not qualify for additional rewards points. 3Certain terms, conditions, and exclusions apply. Please consult your Guide to Benefits for specific benefit configuration.
MasterCard® is a registered trademark of MasterCard International Incorporated.