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Altabanking Podcast Ep. 7 — How Altabank Helped My Small Business


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Getting a small business up and running in a small town was seemingly pretty easy back in the day. All it took was a vision and a handshake for Fred Titensor’s great-grandfather to open up his irrigation supply dealership about 70 years ago in Lewiston, Utah.

Today, Valley Implement & Irrigation is still serving the Cache Valley area and thriving in an era where the agriculture industry gets significantly less attention than the bustling technology and information sector more to the south of the state.

Still, as Titensor explains to Altabank’s Stan Sorensen in this episode of Altabanking, doing business the right way involves a few different tried-and-true methods that are proven to work, even in the face of a pandemic and a supply chain crisis.

In this episode:

1:20 – How Fred Titensor’s family began doing business in Cache Valley about 70 years ago.

2:47 – The role agriculture continues to play in Utah’s economy.

5:35 – Challenges and obstacles for agriculture customers and businesses over the last two years.

9:13 – Dealing with supply chain issues.

17:00 – What does running a small business in Cache Valley, as opposed to Utah, Davis, and Summit Counties, look like in this day and age?

25:56 – What kind of relationship does Valley Implement & Irrigation have and has had with Altabank?

28:45 – Example of how Altabank’s security controls prevented a fraud attempt with Valley Implement & Irrigation.

33:31 – Words of wisdom from a long-time small business owner.

35:32 – The importance of having a ‘friend in the company.’