Katy Woods, a Licensed Coach, Branch Manager, and experienced Banker at Coastal Community Bank.

Katy Woods, a Licensed Coach, Branch Manager, and experienced Banker at Coastal Community Bank.

Coastal Community Bank Offers Classes for Businesses

To support local business owners and their teams, Coastal offers complimentary Money Smart for Small Business courses designed to help those starting and managing a business. Money Smart was developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA).

“We regularly ask our customers and local businesses how we can help them, and they told us,” said Koren Smith, SVP Regional Manager/Retail Innovation Manager. “Some businesses ask for improved financial understanding, and some want help training their team members with financial topics. We’re providing these classes to support local businesses during a challenging economic time.”

The courses are being held in person at Coastal Community Bank’s Administrative office on Evergreen Way in Everett. Katy Woods, a Licensed Coach, Branch Manager, and experienced Banker, will provide the class curriculum.

“Customers and local businesses regularly ask me about building credit, managing cash flow, business succession planning, and financial management,” Woods said. “I’m excited to offer local businesses these topics more formally and help businesses fight to win, especially during what many expect to be a challenging year for them. As bankers, we’re invested in local businesses, they are our neighbors, and our kids go to school together. Naturally, we want to do everything we can to support them. These courses are designed for just that.”

Money Smart for Small Business classes are held at the Coastal Community Bank Evergreen Way office (5415 Evergreen Way), the third Wednesday of each month from 8-9:30 a.m., February through October. They are provided at no cost to attendees. Topics cover; Taxes and Reporting, Building Credit, Financial Management, Managing Cash Flow, Record Keeping, Risk Management, Insurance, Selling Your Business and Succession Planning, and Time Management. Attendees can register for individual classes online on the Coastal Business Portal. Space is limited to 40 attendees per class.

“We’re hosting the classes in person, so business professionals can meet other business professionals learning the same thing and learn from each other,” Woods said. “When business owners and leaders get together, a lot of learning and growth happens.”

The first class, ‘Tax Planning and Reporting,’ is Wednesday, February 22, from 8-9:30 a.m. After completing the class, attendees will be able to:

  • Identify the federal tax reporting requirements of a small business and its owner, and establish a plan to account for and pay for federal taxes.
  • Identify the general state/local tax reporting requirements of a small business, and establish a plan to account for and pay for state/local taxes.
  • Identify methods for researching the local, municipal, and county reporting/licensing requirements for a small business.

To Register for this or future classes, visit the Coastal Business Portal.

Katy Woods is a VP, Branch Manager at Coastal Community Bank. To register for a class, visit the Events section of the Local Business Portal https://www.coastalbank.com/local. For more information, contact Woods, or a banker at one of Coastal’s 14 local branches. www.coastalbank.com Member FDIC. Equal Housing Lender

Talk to us

More in Herald Business Journal

Jonnathan Yepez Carino speaks with Auliilani De La Cruz’s class about financial literacy during a presentation at Mariner High on Wednesday, May 31, 2023, in Everett, Washington. (Ryan Berry / The Herald)
Extra credit for financial literacy: Bankers teach kids the basics

From building credit to applying for a loan — these execs offer money management advice for students and adults.

The 214-foot tall cranes work to unload their first cargo shipments at South Terminal at the Port of Everett on Thursday, April 8, 2021 in Everett, Wa. (Olivia Vanni / The Herald)
Business Briefly: Port of Everett named Job Creator of the Year

Zap Energy receives $5 million for fusion energy plant and Kenmore Air offering flight from Everett to Victoria.

Rachel Daniels makes a salami rose during a Charcuterie 101 Workshop at Machias Meadows in Snohomish, Washington on Sunday, May 7, 2023. (Annie Barker / The Herald)
Snack queens share secrets to piecing together party platters that wow

Caterers Rachel Daniels and Mallori Rojas specialize in curating charcuterie boards. Here’s how they make their magic.

Michelle LeFevre and her Bernese mountain dog Kona sit in the shade in front of Kona’s Pond outside their home Wednesday, May 10, 2023, in Camano, Washington. LeFevre, a retired teacher, wrote the children’s book “On Kona’s Pond” which centers on her pup and the other creatures that call the pond home. LeFevre’s sister, Susan Cousineau McGough, illustrated the book with watercolor renditions of Kona and the pond. (Ryan Berry / The Herald)
Life ain’t so ruff ‘On Kona’s Pond’

A retired Camano Island teacher’s new children’s book, “On Kona’s Pond,” tells the story of her dog and his wild friends.

FILE - A Boeing 737 Max jet prepares to land at Boeing Field following a test flight in Seattle, Sept. 30, 2020. Boeing said Tuesday, Jan. 10, 2023, that it took more than 200 net orders for passenger airplanes in December and finished 2022 with its best year since 2018, which was before two deadly crashes involving its 737 Max jet and a pandemic that choked off demand for new planes. (AP Photo/Elaine Thompson, File)
Boeing inks deal for up to 300 737 Max planes with Ryanair

At Boeing’s list prices, the deal would be worth more than $40 billion if Ryanair exercises all the options.

Logo for news use featuring Snohomish County, Washington. 220118
Four recognized for building a better community

Economic Alliance of Snohomish County hosts annual awards

Dr. David Kirtley at the new Helion headquarters in Everett, Washington on Wednesday, Jan. 19, 2022  (Olivia Vanni / The Herald)
Everett nuclear fusion energy company nets first customer: Microsoft

The Everett company, on a quest to produce carbon-free electricity, agreed to provide power to the software giant by 2028.

Hunter Mattson, center, is guided by Blake Horton, right, on a virtual welding simulation during a trade fair at the Evergreen State Fairgrounds in Monroe, Washington, on Wednesday, May 3, 2023. High school kids learned about various trades at the event. (Annie Barker / The Herald)
Trade fair gives Snohomish County kids glimpse of college alternatives

Showcasing the trades, the Trade Up event in Monroe drew hundreds of high school students from east Snohomish County.

A Tesla Model Y Long Range is displayed on Feb. 24, 2021, at the Tesla Gallery in Troy, Mich.  Opinion polls show that most Americans would consider an EV if it cost less, if more charging stations existed and if a wider variety of models were available. The models are coming, but they may roll out ahead of consumer tastes. And that could spell problems for the U.S. auto industry, which is sinking billions into the new technology with dozens of new vehicles on the way.  (AP Photo/Carlos Osorio)
Tesla leases space at Marysville business park

Elon Musk’s electric car company reportedly leased a massive new building at the Cascade Business Park.

Henry M. Jackson award winner Tom Lane. (Olivia Vanni / The Herald)
Tom Lane: An advocate for small and local businesses

The CEO of Dwayne Lane’s Auto Family is a recipient of this year’s Henry M. Jackson Award.

John M. Fluke Sr. award winner Dom Amor. (Olivia Vanni / The Herald)
Dom Amor: Working behind the scenes to improve the region

Dom Amor is the recipient of this year’s John M. Fluke Sr. Award

Opportunity Lives Here award winner Workforce Snohomish and director, Joy Emory. (Olivia Vanni / The Herald)
Workforce Snohomish receives Opportunity Lives Here Award

Workforce offers a suite of free services to job seekers and businesses in Snohomish County.