Staying Steady in Uncertain Economic Times: Insights from Frank Pérez, CFO of 22nd State Bank and Always.bank
- 22nd State Bank
- 5 days ago
- 2 min read
Frank Pérez
Executive Vice President / Chief Financial Officer
The economy has seen its share of twists this year—from rising inflation and tariffs to a fluctuating labor market—but according to Frank Pérez, EVP & CFO at 22nd State Bank and Always.bank, “volatility and uncertainty” don’t have to mean fear. In fact, he believes they are moments to focus on discipline, adaptability, and community strength.
“The two keywords for the economy right now are volatility and uncertainty,” Pérez said. “But this isn’t the first cycle we’ve been through, and every time, consumers pull us through.”
Pérez sees challenges ahead as we move into 2026: the inflation rate remains nearly 3% with unemployment slowly rising, and global tariff tensions weigh on everyday prices. Yet he’s quick to point out that these headwinds have also brought out a more deliberate mindset among both consumers and business owners.
“Consumers are being more intentional with their spending. They’re focusing on essentials and delaying big-ticket items when they can,” he explained. “For small businesses, this is a time to plan carefully, measure growth, and lean on your banking partners for advice.”
Even amid higher costs and global uncertainty, he sees encouraging signs. “While consumer spending has cooled off some,” Pérez explains, “it has not decreased to the levels you would normally expect in this economic environment, demonstrating the resiliency of the people who drive this economy.”
And that resiliency is something he believes will continue to define both 22nd State Bank and Always.bank’s customers. “We’ll adjust and adapt,” he said. “This isn’t the first cycle, and it won’t be the last—but we’ve always come out stronger on the other side.”
As we look ahead to 2026, Pérez remains hopeful that innovation, technology, and community support will help steady the course. “AI is creating a lot of new, high-level jobs,” he noted.
“The landscape is shifting, but with the right awareness and adaptability, there’s reason to be optimistic.”
In uncertain times, sound advice and strong partnerships matter more than ever. Whether you’re managing a business or a household budget, 22nd State Bank and Always.bank are here to help you stay steady, plan wisely, and move forward with confidence.
Visit your local 22nd State Bank branch or connect with Always.bank online to start the conversation.
