President’s Letter to Leadership – March 2019

Dear Members,

Stephen Fleming, River City Bank, FBC Board President

Well, we did it! I’m beyond pleased to announce that the FBC has acquired its 100th member, plus a few more. There’s no doubt in my mind that our quality programming and dynamic outreach, especially since Executive Director Stella Premo has taken the reins, has allowed us to meet this goal that was set by the Membership Committee. Special thanks to Kevin Fat (Fat Family Restaurants) who chairs the Membership Committee, along with each of the members of the Membership Committee, for playing a key leadership role in this effort.

It shouldn’t go unnoticed that we saw seven family businesses react favorably to the programming at the 2019 Generations Conference by committing to join our membership on the spot. More than once, we heard that a keynote or breakout speaker had touched on an issue that was a current concern in our new members’ businesses – more proof that the information exchanged at Generations is positively affecting the professional and personal lives of our members.

Speaking of Generations, Amber Holwell (River City Bank), her co-chair Justin Horner (DCA Capital Partners), and the rest of the Generations Conference team, must be congratulated for planning and executing another great event. As a firm believer in this organization, and leader of a family business myself, it is always a joy for me to see members from diverse businesses and industries from across the region interacting with each other and receiving the support they need to thrive. Details for Generations 2020, an event you won’t want to miss, will be announced shortly.

Happy Spring,

Steve Fleming | President/CEO | River City Bank
Board President

Welcome New Members – Q1 2019

Please join us in welcoming the following new members to the FBC family:

American Hospitality Services, Inc.

 

Basic Resources Inc.

 

Peter P. Bollinger Investment Company

 

Delyon Wealth Management

 

The Ezzell-Conklin Group, HighTower 

 

Medic Ambulance Service, Inc.

 

Nicolaus Nut Company

 

Roberti Ranch

 

Selby’s Soil Erosion Control Co. Inc.

 

Tower Investments, LLC


Old Members … New Names!

Warren G Bender Co. is now Bender Insurance Solutions

The Lyman Tremont Group is now Grow West


See full list of Family Business Members

Meet our 99th Member – Selby’s Soil

Welcome to the FBC Family Selby’s Soil Erosion Control Co. Inc!

At Generations, Bigelow Tea CEO Cindi Bigelow recounted her personal history with the company and how she found the means to establish a successful professional relationship with her retiring father. Soon after, Jay Selby, CEO of Selby Soil, said, “She just told my life story!” It’s that synergy that fires up our members and encourages guests to join, which Selby and VP Brandon Coppedge did on the spot.

Founded in the 1960s, Selby’s Soil Erosion Control Co. Inc. has become a leader in the erosion control industry. Using various methods, a large fleet of equipment and experienced crews to stabilize slopes and beautify California, the company tackles public and private projects of various types and sizes including airports, highways, dams, levees, housing developments, wildfire revegetation and parks. With the recent wildfires, Selby’s expertise has become even more relevant.

“Post-fire erosion control is never planned work, but it seems to happen every year where we have massive wildfires,” says Selby. “Our customer base is all over the board. It could be the US Forest Service for a huge area of national forest land that’s burned down or the California Department of Water Resources when lakes or reservoirs are surrounded by fire,” he added. 

That was the case in October 2017 when several sources of drinking water were at risk.  Afterwards, when several months of sustained rain make flooding a serious concern, Selby is again poised to respond, working on various levee projects.

We are excited to have the team on board and look forward to welcoming them into the NextGen Affinity Group.

Executive Directors Letter to Membership – March 2019

Pat Lewis, River City Bank, myself and Don Yee, NABD at Generations 2019.

Dear Members,

We are very proud of our growing membership! Reaching 100 members is a major milestone and great accomplishment, but we are not done yet. Our growth isn’t the only thing that matters, it is much more important that our programming is of the highest caliber and we strive as an organization to meet the needs of our members. And, our membership is incredibly diverse, which makes our membership thrive. Our members enjoy learning from each other just as much as they enjoy learning from experts. It’s the mix between the technical expertise and the real-life experiences where our members leave the table with tangible takeaways that can positively impact their own businesses.

And, this work is done because of passionate volunteers who care deeply about the success and succession of family owned businesses in our region. We have three dynamic committees that are focused on creating and elevating our programs and growing and retaining our membership.

Here is where we need help: We are seeking family members to serve as FBC ambassadors to welcome our new members into the fold and encourage them to attend programs and events. We know members that have experienced the value of the FBC can best help newer members engage in everything we have to offer. If you are interested in joining us as an ambassador, please reach out to me and I’ll get you plugged into the network.

Warmly,

Stella Premo – Executive Director
Capital Region Family Business Center
spremo@capfamilybus.org

Generations 2019 Recap

A year of brainstorming, committee meetings and diligent hard work came to fruition at last month’s Generations Family Business Conference. We were pleased and proud to welcome record attendance – family business members, technical advisors, potential members and guests – for a fun and impactful two days of networking, education and discovery.

HIGHLIGHTS:

  • Largest attendance in FBC history
  • Assemblage of acclaimed keynote and breakout speakers
  • Emphasis on importance of effective communication among generations
  • Opportunities for multiple generations to engage in exercises aimed at improving understanding of mutual perspectives
  • Signed up 100th family business member on day 1

Click here to view photos from the event.

A big THANK YOU to all the sponsors and presenters who helped to make the third annual Generations Family Business Conference a success. Stay tuned for dates and location of Generations 2020!



 

 

Technical Advisor Spotlight – PwC

PwC, L.L.P. logo

As a founding technical advisor of FBC, PricewaterhouseCoopers (PwC), a multinational professional services network, offers our members the high touch of a small firm and the resources of an international powerhouse.

Within its highly sought after Private Company Services division, local experts are able to counsel and advise privates businesses on all aspects of tax liability.  With the US recently enacting the most comprehensive tax reform in 30 years, it is important that family business executives work together with experts to understand tax issues, mitigate risk, and achieve short- and long-term goals.

PwC understands that executives are looking for guidance on what the impact of tax reform will be for their company. The uncertainty created by changes to the tax code underscores the importance modeling can have to help private companies.  To that end, PwC employs modeling technology that can help organizations evaluate different scenarios for better tax planning. TRIM (Tax Reform Impact Modeling) provides a flexible and efficient way for companies to identify structural tax issues with significant financial impact, assess opportunities for tax planning and evaluate legislative proposals.

Locally, Mukti Patel, managing director in the Private Company Services division and a member of FBC’s Programs Committee, has been advising area family businesses for 28 years. We recently had a chance to chat with Mukti about the family business environment and how he is able to aid FBC members.

What is your favorite memory of a past FBC event? I’ve attended Generations and several family forums, but I’d have to say that our visit a few years ago to Sierra Nevada Brewing was my favorite.  Of course, the tour, lunch and beverages were great, but it was the experience of camaraderie and networking – six hours away from the office! – and getting to know people on a deeper level that I’ll always appreciate.

Mukti pictured second from right with other attendees at Generations 2019.

What is the current business climate in our region?There have been quite a few mergers and acquisitions in public sector; there are similar opportunities with family businesses.

How can PwC help FBC members? Within PwC’s Private Company Services, we have a dedicated group of professionals that deal solely with privately held and family businesses.  That’s our niche – we are a small firm within a large firm.  We understand the dynamics of family businesses and offer advisory services for those looking to expand – either organically or through acquisitions. Especially for our ag clients, we have extensive expertise in audit, tax, advisory.

In your experience, what should family businesses be doing if they aren’t already? I think most family businesses are doing the rights things – establishing effective boards, talking about succession.  More often than not, I encourage our clients to use professionals that are willing to work in concert with each other.  It’s impossible for every family member to understand every part of the business, so trusted advisors that are able to grasp all aspects can be invaluable.

Mukti and and his wife Jyoti Patel at the Annual Holiday Social in 2017.

Why do you recommend FBC? FBC is organized and brings to the forefront issues that  sometimes aren’t talked about. Members have the opportunity to meet with other family owned businesses to discuss topics that are relevant to their future growth and succession.  

 


 

Celebrating our 100th Member!

Welcome to the FBC Family, Medic Ambulance Service!

In 1979, Rudy Manfredi purchased a small ambulance company with two vehicles.  Fast forward almost 40 years, and Medic Ambulance is the exclusive Advance Life Support provider for Solano County, operates a transport unit in Sacramento, and manages 70 ambulances and 300 employees.

Still family-owned and operated with Rudy’s sister Helen soon to transition from CFO to CEO, the company is now supported by the next generation of four equal shareholders – Kristi, Jimmy, Cindy and Sandy – who are the VPs of their own divisions.

“All four of us were introduced to the business as teenagers – we would file and wash ambulances – and had full expectations of joining the family business,” said Kristi Kendall, Medic Ambulance’s VP of Finance and Rudy’s stepdaughter.

The Medic Ambulance family at the 2019 Generations Conference.

 

With Helen’s pending transition and sights on opportunities for expansion, the family realized that advice and expertise from outside sources would only make them stronger as a business.  Last year, colleagues Lon Burford (Genovese Burford & Brothers) an FBC Technical Advisor and Nate Boyce (BFBA), a Family Member invited Helen to Generations, which she attended along with a few networking events. This year, knowing how worthwhile and pivotal the conference was last year, they attended Generations again.

“Wanting to be successful in her new leadership role is what piqued Aunt Helen’s interest in FBC,” commented Kendall.  “And ultimately we want and need to know how we can best support her.”

Last month at Generations, Executive Director Stella Premo issued a challenge for the guests in the audience.  Kendall says, “We had every intention of someday filling out the membership application.  But when we heard we could be FBC’s 100th family business member, we knew the time was right.”

The group was pleased to see plenty of familiar faces at the conference and attended breakouts that addressed the efficacy of establishing a non-family board of directors, a current priority for Medic Ambulance’s leadership.

Added Kendall, “To realize that we are not the only ones dealing with family issues and to be able to interact in this great network of unique family businesses makes us so excited to be FBC members.”


To learn more about our new member, Medic Ambulance, visit their website and when you see them at a future FBC event be sure to say hello!

NextGen Meeting Recap: Power Dynamics of Family Business

“If there is an advantage of a family business, it’s family values. It’s a way to permeate power dynamics and build a culture.”

– Kevin McCarthy, Leadership Coach, ChangeRX


NextGen Affinity Group met for a half-day interactive workshop on March 5 at Bender Insurance SolutionsThe topic was on power dynamics in the family business. With the guidance of skilled leadership coach Kevin McCarthy, the group gained a deeper perspective on common issues with respect to power that can be sensitive and are not often talked about.

In this context, the group explored the need to intentionally establish core company values and culture, and the advantages of staying anchored around these values to drive coherence and adaptation while navigating times of transition. With interactive discussion and real world examples from the businesses of various group members, these nextgen leaders left with valuable insights to apply in their own family businesses.

The group will meet again on May 7 at River City Bank to discuss the topic “Scaling Up! The NextGen’s Dilemma for Driving and Managing Growth in the Family Business.”  Click here to RSVP or email FBC with any questions.



About this Affinity Group:  The NextGen Affinity Group meets specifically to share the experiences and challenges of taking on leadership roles in a Family Business. This peer networking group offers a forum for confidential and relevant dialogue among like individuals to share ideas, trends, issues and opportunities unique to the Family BusinessProspective members welcome. NextGen lead contact is Maggie Bender-Johnson. Affinity Group events are an FBC member benefit. For details on membership, click here!

President’s Letter to Leadership – December 2018

Dear Members,

Steve Fleming, River City Bank FBC Board President

This time of year brings a flurry of activity, both in our respective workplaces and personal lives, as well as the planning efforts of FBC staff and volunteers. Holiday events, and, of course, programs for next year, including the upcoming Generations Conference, are keeping us all busy! With that in mind, I am delighted to share a few details of what’s in store for the FBC in 2019:

Growth in Membership: We are about to hit a key milestone with 100 Family Business Members! We know that FBC is only as strong as its membership. To us, that means representing an array of industries and businesses of all sizes, but all being family owned. Kudos to our membership committee, a group of volunteers that takes FBC into their networks for the benefit of us all.

3rd Annual Generations Family Business Conference: In response to our dynamic keynote speaker and breakout session line-up, registrations and sponsorships continue to outpace our projections for February’s Generations Conference. Limited space is still available; we encourage you to take advantage of this unique local opportunity to hear from industry leaders on the issues that matter to you…succession planning, handling family conflict, taxes and estates, and more. Remember, our Family Ticket Packages enable you to bring multiple members of your team to the event at a discounted rate. We look forward to seeing you there! If you are interested in joining the planning effort for the following year’s (2020) conference, please contact Conference Chair Amber Holwell at amber.holwell@rivercitybank.com.

New Board Members: I am delighted to report that Justin Horner and Meghan Baker have agreed to join the FBC Board. Justin is the Director of Business development with DCA Partners, a leading local investment bank based in Roseville. In his spare time, he led our efforts with the planning of the Spring Family Forum and has been Vice-Chair in planning the upcoming Generations Conference. Meghan is a successful partner and attorney with Downey Brand, most relevant for us, has been making a huge contribution to the FBC via the Programming Committee, including taking the lead in planning the upcoming Spring Family Forum. I would be remiss, also, if I didn’t thank our departing directors: Cathy Aronson, Tom Dille, Tim Schultz, Duffy Segale. Each of these folks made a huge contribution to the FBC while on the Board, but we expect to see them remain actively engaged with the FBC.

Happy Holidays!

Sincerely,

Steve Fleming | President/CEO | River City Bank
Board President

Technical Advisor Spotlight – Jamie Berry

Jamie Berry, HUB International

 

When it comes to sharing the value of FBC membership and sponsorship, we could not have a better partner than Jamie Berry of HUB International Roseville.

A born networker, in his 30 years in Sacramento Jamie has established and nurtured relationships with his hundreds of clients, the insurance carriers that are at the core of his employee benefits business, and the personal friends he has made since graduating from CSU Sacramento.

Jamie is keen to share the advantages of becoming involved in the organization because they were so easy for him to witness at his first FBC event. “The vibe was so welcoming, definitely a more personable experience than any other networking event I had attended. And I had attended plenty! I could tell there was a different value proposition; people were eager to share their business experiences and help one another.”

Afterwards, he was eager to jump right in and use his network and his business’ existing marketing engine on behalf of FBC’s membership committee and to secure sponsors for Generations, FBC’s annual family business conference in February 2019. In our experience, we find that family-owned businesses care more for their employees and, as a result, turnover is less. As a company with a mission to care for our clients’ employees, we really like that. And perhaps selfishly, volunteering for FBC gives a chance to establish communication for potential new clients.”

The messaging Jamie delivers to potential members and sponsors was easy to put together based on his impressions at that first FBC event. There are so many successful members in this organization…certainly the ‘Who’s Who’ in the greater Sacramento area. There’s so much potential for growth and a tremendous value to what this organization is doing for family-owned businesses.”

As an insurance professional who has built his business and reputation on referrals, Berry is proud to claim that his first client from 30 years ago, before HUB International purchased his and partner Mike Briare’s private agency Tevis Insurance, is still his satisfied client today. In fact, several current FBC family business members are also HUB Roseville’s clients, acquired through referrals.

HUB International, Inc.Now as part of HUB International’s nationwide network of insurance brokers, Berry is pleased to be able to continue with their creative and successful business model and unique approach to employee benefits. “HUB lets us run things the way we always have. Because we have our own third party administrator right in our office, we are able to build customized plans with enhanced benefits, sometimes saving as much as $1000 per employee.”

With a large client base of family-owned multi-generational businesses, HUB International understands the needs of FBC’s relationship-focused family business members. Their team staffs an in-house advocacy center to handle personal situations that may arise and to care for employees through difficult times. In fact, covered employees never have to call an insurance carrier themselves. There are lots of opportunities for the healthcare system to fail your workforce. At our enrollment meetings, we remind employees that we are here to help. We are well-versed at producing case studies that illustrate to our carriers that sometimes better care is less expensive.”

Even with a ‘beast’ of a fourth quarter [Up to 85% of HUB Roseville’s renewals occur in November and December due to changes in the Affordable Care Act’s enrollment policy], Jamie, Mike and the team look forward to celebrating the Holiday season by adopting families and sponsoring events for Acres of Hope, a Placer County nonprofit that provides a safe environment and healthy living for homeless women with children, and, of course, attending FBC’s Annual Holiday Social. This year, the company is also sponsoring a family affected by the recent Camp Fire.

Perhaps Berry can best be described as a team player. As a former football player who still enjoys competing in beach volleyball, an eager volunteer and committee member, and someone willing to ‘go to bat’ for his clients, Jamie and HUB International Roseville have been instrumental in strengthening FBC’s community and business outreach team. Thanks, Jamie!