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Fidelity News and Personal & Business Finance Tips

Fidelity Bank Adds Michael Heil to its Senior Management Team

EDINA, MINN. (November 25, 2019) – Fidelity Bank (www.fidelitybankmn.com), an independent, privately-owned business bank serving small to medium-sized businesses in the Twin Cities for nearly 50 years, recently named Michael Heil its Senior Vice President of Commercial Lending. With more than 28 years of experience in commercial banking, Heil is a forward-thinking strategist who is…

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2019 CFO of the Year: Teresa Keegan, Fidelity Bank

Thanks in part to Teresa Keegan, Fidelity is more than just the name of the bank. As chief financial officer, Keegan’s strong focus on culture at Fidelity Bank has helped achieve a high retention rate at the financial institution, with 52 percent of employees having more than five years tenure and 40 percent of employees reporting…

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Fidelity Bank Names Brian Bueche Chief Credit Officer

EDINA, MINN. (September 30, 2019) – Fidelity Bank (www.fidelitybankmn.com), an independent, privately-owned business bank serving small to medium-sized businesses in the Twin Cities for nearly 50 years, has named Brian Bueche as Senior Vice President, Chief Credit Officer. Bueche brings 28 years of commercial banking experience, including the origination, servicing and credit administration of commercial…

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What is Operational Excellence?

I often get asked, “What is operational excellence?” The Business Dictionary defines operational excellence, also known as lean or continuous improvement, as “A philosophy of the workplace where problem-solving, teamwork, and leadership results in the ongoing improvement in an organization. The process involves focusing on the customers’ needs, keeping the employees positive and empowered, and…

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The Impact of the New Tax Law on Pass-Through Entities

Virtually all taxpayers will be affected by the new tax reform law, introduced as the Tax Cuts and Jobs Act (TCJA), that recently passed in November of 2017. The TCJA is primarily designed to provide tax cuts for businesses of all types, and it delivers on that goal. Businesses structured as a PTE— sole proprietorships,…

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Expanding Business Opportunities Through Equipment Financing

In today’s modern market, it’s important for business owners to maximize their potential and make wise financial choices in order to achieve growth. For many businesses, this may depend on equipment—updating, replacing, or simply obtaining it in the first place. Whether it be machining tools, bindery and printing presses, or the latest technology systems, some…

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Protecting Your Business: Fraud From Within

As a small business owner, it’s prudent to assess the possibility of internal fraud and consider it in your approach to protecting your business. Recent statistics indicate that a disproportionate number of fraud cases occur in small businesses with fewer than 100 employees1. But when those small businesses are victims of fraud, they lose the…

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