Archives for 2013

Surety Bonds & End of the Year Considerations – Part 2

In my last blog, I discussed several year-end planning issues that can significantly effect a company's surety support for the upcoming year. In this blog post, I would like to finish looking at the remaining year-end planning issues which can have an effect on the kind of surety support Goldleaf can obtain for a company. Owners should check their personal credit scores. Individuals are now entitled to obtain a free copy of their personal credit report from the three major credit reporting … [Read more...]

Surety Bonds & End of the Year Considerations – Part 1

How a company deals with year-end planning issues can have a significant effect on what kind of surety support Goldleaf Suretycan achieve for them in the upcoming year. Over the next several blog posts, we will look at some of these year-end planning issues. Owners/managers whose businesses are profitable and growing sometimes fail to prioritize year-end issues with their future surety support in mind. They may consult other professionals – for example, their attorneys, bankers and tax … [Read more...]

Light the Night Walk

On Sunday, September 22nd Goldleaf Escrow Fund Control Administrator Jan Sachariason and her family participated in the Light The Night Walk at Target Field in Minneapolis. The Leukemia & Lymphoma Society's Light The Night Walk is an evening filled with fun and inspiration including a Remembrance Ceremony to reflect with those who have lost loved ones to cancer and a patients and survivors lap. Jan's husband Rob is one of those survivors. Other activities included face painting and games in … [Read more...]

Goldleaf Surety Breast Cancer Awareness Day

Breast Cancer Awareness month is an annual international health campaign organized by  public service organizations, professional medical associations, and government agencies every October to increase awareness of the disease and to raise funds for research into its cause, prevention, diagnosis, treatment and cure. The campaign also offers information and support to those affected by breast cancer. This year our Goldleaf Surety family has had several members affected by a diagnosis of breast … [Read more...]

Interview With a Contract Bond Underwriter – Meet Rita Jorgenson

This week I would like you to meet Goldleaf Account Specialist, Rita Jorgenson.  Rita is married with one child.  Being able to spend time with her family is the most important thing to Rita.  She enjoys spending time at the lake, as well as watching her child, nieces and nephews participant in various sporting events.  She and her husband enjoy motorcycling together with other friends.   One fact you may not know about Rita – she is part of a military family and her husband has served several … [Read more...]

Goldleaf Surety Scholarship Winner

Goldleaf Surety would like to introduce our 2013 scholarship winner - Ali. Ali began her college career this fall at the University of Minnesota - Duluth. Since 2010, Goldleaf Surety has been presenting $500 scholarships to Montevideo High School graduates who generally will be pursuing a degree in a business related field. Goldleaf has been honored to present a total of 6 scholarships to local high school students to assist them in pursuing their college educations. This year marked the 24th … [Read more...]

Goldleaf Surety Establishes $260MM Depository Bond Program

Depository Bonds allow banks to offer deposit protection in excess of the Federal Deposit Insurance Corporation (FDIC) insurance coverage to customers with deposits in excess of these limits (currently $250,000 per depositor). Typically, this type of bond is requested by educational institutions, governmental and quasi-governmental agencies, businesses and high-net worth individuals. This protection allows the bank to attract and retain customers without tying up the banks investments to back … [Read more...]

Surety Bonds and Private Equity Acquisitions

By:     Jack Anderson, President of Goldleaf Surety Services Private equity acquisitions of companies that need bonding have become more frequent in the past few years.  This is partly due to the increase in the number of private equity firms that are looking for good investments.  I think that it is also partly due to business owners being to busy today to do the necessary advance planning to ensure that an exit strategy is in place when they decide they would like to retire from the … [Read more...]

Goldleaf Surety’s Kristina Schafer Participates in 5K Run

On Saturday, July 27th, Goldleaf's Small Bond Specialist Kristina Schafer participated in the Phillsbury Push 5K Run in Kerkhoven, Minnesota.  This race is an annual fund raising event with proceeds from the race going to the Phillsbury Swimming Pool and the Benson/KMS Cross Country team. Kristina said her reason for participating in the 5K run was two-fold.   She and her husband enjoy taking their 3 young children to the Phillsbury Pool in Kerkhoven so she was glad to help raise money for the … [Read more...]

Surety Bond Basics – Part 2

In my previous blog Surety Bond Basics - Part 1, we looked at two frequently asked questions relating to bonds.  Here are several others that are also very common: Why do surety bonds need to be underwritten? A surety company must determine the risk of a loss occurring if the principal is unable to satisfy the obligation under the bond. Since a surety bond is an extension of credit, the surety company must review the principal’s financial information and business experience to determine if … [Read more...]