Insights Cypress Bank and Trust

The Cypress Compass

Navigating your financial future can be time consuming – but it doesn’t have to be. Check out The Cypress Compass publication, produced by our team of industry thought leaders. This quarterly publication brings you important topics all-in-one place. Here you’ll find financial market trends to keep you informed.

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The Compass – July 2021

Well the first half of the year has flown by!!! And as the United States and the world have begun to re-open it has been positive on many levels. The economy is showing many signs that this recovery is well underway. Manufacturing has expanded five of the last six months according to the Institute for Supply Management (ISM). Merger activity has been robust, setting an all-time record for the most recent period. According to Refinitiv, there have been $2.4 trillion of merger and acquisition deals announced with the U.S. accounting for more than half of that number. And late in the quarter, the Federal Reserve announced that 27 of the largest financial institutions in the U.S. passed their most recent stress tests. This may allow them to both hike dividends and increase stock buybacks.

Read July 2021 Compass

Local Trust Company Expands By Chartering New Bank

PALM BEACH, Fla. (May 19, 2021) – Palm Beach-based Trust firm, Cypress Trust Company, announced today, it has raised the necessary capital and received State of Florida approval to expand into banking services. FDIC approval is currently pending. Once received, Cypress Trust Company will convert to Cypress Bank & Trust in early fall. Cypress will remain in Palm Beach, Fla., with additional offices in Melbourne, Jacksonville, Vero Beach, Naples and Winter Haven and banking services offered across the state.

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The Compass – May 2021

Where do we go from here? Looking back over the last year or so has been one of the most interesting in recent times. The economy closed and then reopened. Lives were put on hold and now we are all getting back to some sense of normal. We all know what happened yesterday, but what is in store tomorrow is yet to be determined.

Read May 2021 Compass

The Compass – March 2021

It is hard to believe this year is 2 months old and hard to believe that this year is only 2 months old. What may be even harder to believe is that the shutdowns to combat the spread of the coronavirus started only 1 year ago. It seems more like dog years. But there is positive news to report. Locales around the country are planning their re-open or have already begun the process, even on a measured basis, as individuals begin to get their vaccine shots. Several drug companies have been granted approval and citizens begin to get back to normal, or whatever a “new” normal may look like. We all look forward to what that new normal looks like and put the last 12 months behind us.

Read March 2021 Compass

The Compass – January 2021

As we all dealt with the pandemic in many different ways, we hope you had a happy and safe holiday season. It was a year that was supposed to be one of clarity (last 20/20 pun), but it couldn’t have been more different. 2020 will be one of those years that will be hard to forget and very memorable for many reasons. 2021 will be even more special here at Cypress. Cypress will be celebrating its 25th Anniversary in October. My how time flies and we THANK all the employees over the years, but we couldn’t have done it without the support and trust of all current and past clients. WE THANK YOU!!!

Read January 2021 Compass