Concerning Magic Valley Bank

  Today, Magic Valley Bank, located in downtown Twin Falls Idaho lost a potential new customer, me. Which is really sad, I really really enjoyed my first visit to Magic Valley Bank.  The peppy girl seated right by the main door that got off around noon last Friday was fun, bubbly and personable…  So what was the problem? Let me explain my horrendous story regarding my second visit, and you can decide.

If you don’t know who Magic Valley Bank is, they are a local community oriented bank located in Twin Falls, Idaho.  It was originally started in October of 1996 by a group of partners, and bought out by “Panhandle State Bank,” a banking group owned by the “Intermountain Community Bancorp” sometime in 2004 I believe.  They market locally as a community oriented bank, and they have a great marketing tagline on billboards that states they are “unbig, on purpose.”

So here’s the problem.

I went in today around1:00PM MST today, August 25th.  I had my new businesses EIN documentation from the IRS, my State of Idaho C-corp incorporation documents, and a check to deposit.  Stephanie began to assist me.  I told her that I needed a business banking account.  So she looked over my EIN and incorporation documents.  After about five minutes of it being dead quiet besides the keyboard tippity tappiting, and her flipping through a smaller book she pulled out of her drawer, she let me know she was looking up the incorporation documents online and that it will be a few minutes.  She also verified my legal state identification, which was my license.  It was awkwardly quiet, but I didn’t mind, it’s banking, how fun can it get? I was a little irritated she hadn’t evaluted my needs or went over the styles of checking accounts available to me, but I assumed that would come in a few minutes.  Unfortunately, I was about to find out that the needs of the bank superceded my needs, and that how I would use my bank account of was no importance.  This was communicated to me not by a verbal statement, by how they handled my account over the next few minutes.

Stephanie proceeded to pull out a form for me to fill out and I did so.  It was a standard bank account application form.  It needed to know the signatories addresses, legal mailing addresses, my personal social security information and a signature acknowledging that I am who I say I am. I filled it out and when I was about half-way down the page she said “ohhh no, is your social security number xxx-xx-xxxx?” which startled me, because I had not given her this information yet, she had simply read it from my unsigned application, she was asking me to verify because she was reading my form upside down.  I shrugged it off as she was being efficient, which is always a good thing.  I didn’t realize till later that I hadn’t authorized her to use that information just yet.  In fact I never authorized Magic Valley Bank to use this information, as I still had the half-filled out application in my possession when I left.

Anyways, I would come to find out later, that due to a clerical error of an ex-employee at First Federal Savings Bank, my personal bank I use for checking and savings, that I was listed as having a negative balance in a system called ‘chexsystems.’  Stephanie at Magic Valley Bank told me she couldn’t open an account.  I told her I knew for a fact that my account at First Federal was in good standing and that I would go get it resolved with First Federal immediately and come back.  Stephanie told me NOT to come back, that once my name is in Magic Valley Bank’s computers as being listed negative in the  ‘chexsystems’ database, that they [Magic Valley Bank] couldn’t open my account for another three years and that maybe I should let First Federal take my business.

What?!  This statement had me floored. I wasn’t rude, I knew that it was not Stephanie’s fault, that this must be some bank policy.  But they didn’t want my money?  They Didn’t want my business?

So I went to First Federal.  I talked to Katie, an account manager at First Federal and she was just as confused as I was.  She pulled my account up.  It was and is in good standing.  I had a positive balance in checkings, and savings, and I had maintained this positive balance for several years now.  After several minutes of trying things, she checked chexsystems by pretending to open a new account and Katie saw the same exact thing, a supposed negative balance with First Federal.  Apparently, because of a clerical error, an ex-employee of First Federal had me in the chexsystems database.  Oops, mistakes happen with humans and technology, and I understand that.  Someone Katie called and removed my name from that system.  Katie at First Federal let me know she could write a letter, print off a history of my bank account, and provide a business card so someone at Magic Valley Bank could call her and she could explain the clerical error.  She said Magic Valley Bank would open the account now that I wasn’t listed in the chexsystems database, and with the new information that this was an error.

I told her that wouldn’t be necessary, and that obviously Magic Valley Bank was lacking.  Magic Valley Bank is obviously lacking a flexibile business policy that accounts for an error, or misrepresentation in a computer like I just experienced, and if it is not MVB’s business policy to deny someone a bank account for three years because of a clerical error, they are lacking the training and education for an account representative to understand the difference.

First Federal quickly won my account for my business banking .  I know, it was originally their mistake, but Katie was fun, and outgoing, and I really couldn’t stomach someone telling me I couldn’t come back for another three years.  I couldn’t stomach a bank that denied me a bank account, probably illegally under the fair credit reporting act, and ran my information not having my approval yet. So much for being so ‘unbig’ that Magic Valley Bank didn’t even want to talk to me again.

It has been my philosophy that now, more then ever, it is important for any businesses to train and educate your employees located at the forefront of your business.  For example, their tellers should be the most energetic, and the most trained in all of the businesses areas.  The banking professional seated before a prospective customer opening the banking account should be peppy, make you feel welcome, and explain all of the business processes to you.  They should also explain in detail any problems that may occur.

These tellers and banking professionals  are literally the face of your company at that moment.  They can satisfy a customer, or quickly end a relationship. They can make a meeting go quickly and easy, or turn it in to an absolute mess.

It’s probably equally, if not MORE important to also audit your business practices.  Mistakes happen, and computers sometimes have the wrong information.

These many faces of your business can make or break your local reputation, as well as negate, or promote a potential lawsuit.  As for  Magic Valley Bank’s reputation, I will never EVER recommend them again, and I’m letting the blogging community know about my experience.  That’s the power of the new millenial generation.  We don’t put up with being disrespected, and we communicate it at, literally, the speed of light.

Brian McManus

Twin Falls, ID

[These statements are opinions and experiences solely of my own --Brian McManus]

Dear Blog Readers you are invited on a new journey

My blog is going to take a bit of a different direction.  Often times I blogged for others, or for myself but not very often.  I would whine or complain.  This morning I am changing this tool to something more useful– a notebook.   A journal of ideas, a lot of silly jots and rants.  So every few nights I will take my random thoughts through out the day.  Most of these are thought of, and then I elaborate on them later if I can recall them.  The largest trouble I have is recalling thoughts like these, I have mild memory imparement.

Keep in mind that at first these rants and details running through my mind might not seem to be fluid, well written, grammatically correct or spelled well.  That’s because they are fluid thoughts.  My writing expertise will improve and I will master this skill.
Without any further adieu–

Earlier in the day — 09JUL07

Idealist, realists.. Opportunists… and how this applies to business.

Managers often times adopt an idealist attitude — “Lets have goal x,” understanding less critical details than that of an employee (or technician in my case.)

Employees quickly become realists doing the every day mundane tasks, constantly working with every detail and day to day road blocks and problems that arise.  This is because they deal with minute details, not seeing the overall “grand” picture, perhaps a budget, a bad market, or the fact that the company may be facing very hard times if it does not migrate it’s business objective..

Neither are wrong (managers or employees), it’s just two seperate idealogies and perspectives.  The most common problem is that this may allow for a lot of miscommunication.

A symptom of this miscommunication may be that subordinates feel disempowered.  Espescially if they don’t feel part of a common goal.  To bring up morale and increase communication managers need to allow ideas to feel welcome, even if they seem incongruent with the common goals, or their perceptions.  At the same time, boundaries must be politely enforced, for example: “Every idea is a great idea… and I appreciate your passion regarding this subject but your suggestion has a better fit when working with ….x….”  But employees must not feel disvalued or as if the idea had no worth.

–Separate thought about miscommunication across company divisions because of intelligence differences?  although i’ve seen some idiots manage others.  “large corporations” may see this more and more as their hiring practices may be extremely critical and degree based, like Google for example and having mathematical doctorates as vice presidents.  I often don’t put a lot of weight on degrees (I think they are valuable, however, I see a lot of useless people having them.  Useless meaning they have no value to me or my path or my journey… I absolutely believe everyone has value.)

Tue 10 Jul 2007 12:57:44 AM MDT  ~ sitting outside thinking

I believe God’s existence is.  When he came to know himself he had to divide himself, once to see himself, and a third time to see how two parts of him look.  All three parts allowing themselves to autonomously see one another.  I’ve been formulating in my mind how we as physical beings do this … but I have been hung up on the third one (the first two were easy, being…)….and a potential thought came to me…

The third dimension to triangulating our “being” (mind, body, spirit) or seeing ourselves  besides reality (yourself, you, how you see yourself…seeing yourself in a mirror(which is seeing yourself through yourself)), and introspection (seeing yourself with your mind) is a third opinion– or outside data, how something else see’s you. so one way to put this maybe… “how you really are, how you see yourself, how something else see’s you.”  although that doesn’t quite seem right, i think i will find better verbiage for this.

I often see third opinions being derived from within yourself through the use of chemical modifications… Something else seeing you, a drug for example.  An alcoholic see’s himself through something else, another experience, a modification, a high.  A drug user can see himself through someone else using a drug.  This possibly isn’t reality, but seeing yourself through introspection and thought isn’t the reality someone else see’s, or the reality that REALLY is your being or existance.

I suppose most obonoxiously seeing yourself through something else  is commonly  through others (and this is perhaps even more parasitic).  this is how society is so acidic and cruel– we see ourselves through others.  “You’re fat, You’re ugly, you’re gay, you’re stupid…  don’t be so stupid…” etc.   when we could see our being through ourselves, or different means.

–Random thought: this thought or belief system that came to mind is espescially true if this “essence of being” or “i exist therefore i am” belief is adopted.