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Building a new business takes hard work and dedication. As you start to grow your business, it's important to have the right financial partner. Choosing a bank that understands your needs as a business owner can make a huge difference in your success. That's why Lexicon Bank exists. We're a commercial specialized bank that focuses on helping businesses thrive. In this blog post, we'll discuss the benefits of banking with a commercial specialized bank like Lexicon Bank.

As a small business owner, the holiday season is both an exciting and potentially risky time. With so many transactions happening online and the potential for cyber threats ever-looming, keeping your bank account safe from hackers is of paramount importance. In today's blog post, I'll be sharing some actionable advice to help you prepare your business for the holiday season and stay safe online from cybersecurity risks. By the end, you'll be armed with valuable information to keep your finances secure and your business thriving.

Before you embark on a quest for a bank loan, it's crucial to thoroughly understand your business needs. This better prepares you to approach a financial institution like Lexicon Bank with a clear vision of your financial needs.

In the world of business, acquiring a loan is often a necessary step toward growth and expansion. However, one of the critical aspects that can make or break a loan experience is the interest rate. It's more than just a percentage; it's a deciding factor that can significantly impact the repayment amount and the overall financial health of your business. This blog post aims to demystify the concept of interest rates and help business owners understand and effectively navigate them.

As banking technology evolves, it is becoming increasingly clear that artificial intelligence (AI) is the driving force behind much of this change. One of the more fascinating developments in this field is the rise of generative AI, which is poised to revolutionize the banking industry. With the ability to create new data and generate extremely realistic images, text, and audio, generative AI is poised to transform the way banks operate, impacting everything from risk management to customer engagement. In this blog post, we'll explore how generative AI will change the future of banking and what implications this has for the industry as a whole.

In the realm of modern banking, it's becoming abundantly clear that customer expectations are rapidly shifting. The high-touch model that has long been the standard is now being bolstered by a new wave of technological solutions. While many banks have begun incorporating tools into their mobile apps, such as budgeting, planning, credit scores, and product recommendations for credit cards, wealth management, and more, there's a burgeoning trend that promises to redefine the industry even further: hyper-personalization.

When you start a business, you have to make a lot of decisions, both small and big. One of the major decisions you have to make is deciding what kind of bank account you should use for your business. Should you open a separate bank account for your business transactions or should you use your personal checking account?

When you start a business, you have to make a lot of decisions, both small and big. One of the major decisions you have to make is deciding what kind of bank account you should use for your business. Should you open a separate bank account for your business transactions or should you use your personal checking account?

Online shopping has completely revolutionized the way we purchase goods and services. With just a few clicks, you can order just about anything from the comfort of your home. However, as the popularity of online shopping increases, so do the risks associated with it.

Congratulations! So, you have decided to start your own business, and now it's time to set up a business banking account. In this blog post, we will go through everything you need to know about opening a business banking account, from the required documents to the various types of accounts available in the market.

Running a business is a challenge, and one of the biggest challenges that businesses face is taxes. Taxes are a critical part of owning a business, and understanding the different types of taxes is essential for compliance.

Cash flow is the lifeblood of any business. It is the amount of money that flows in and out of a company at any given time. For any business, small or large, cash flow is an essential part of keeping the operation afloat. In simple terms, good cash flow means you have more money coming in than going out.