Tag: Market Viewpoints

Market Viewpoints – Spring 2022

Keith Bonjour, Portfolio Manager
Keith Bonjour, CFP® Vice President, Portfolio Manager
Both stocks and bonds struggled in the first quarter this year due to a more aggressive Fed posture, inflation risks continuing to increase, and the Russian invasion of Ukraine.

The US stock market experienced its first correction in almost two years as the Fed has steadily been increasing their rate hike expectations and discussing reducing their balance sheet as the year has progressed to try to slow down inflation, while the geopolitical risks from the war in Ukraine have only added further upside inflation risks.

The stock market began to improve throughout March, but still finished the quarter in negative territory. The bond market struggled in the first quarter with rate hike expectations increasing in a meaningful way with the Fed’s dot plot showing the potential for nine rate hikes this year.

At the beginning of the year, only three Fed rate hikes were projected by the Fed. This more aggressive Fed posturing has the market on high alert for a possible Fed policy mistake in the future if they were to overtighten causing a considerable slowdown in the economy.

Inflation continues to be the largest risk to the economy this year with a large supply and demand imbalance in many areas of the economy. The supply chain began to improve slightly early in the year prior to the Russian invasion of Ukraine. However, commodity prices including oil, natural gas, wheat and other commodities have increased due to the impact on supplies produced from both Russia and Ukraine further adding to the supply chain imbalances and adding upside pressure to energy costs throughout the globe, especially in Europe due to their large reliance on Russian oil and natural gas.

The Fed has taken a more aggressive posture to raise interest rates faster and begin to reduce their balance sheet this year, in an effort to slow the economy and stop inflation from becoming entrenched. It is too early to tell if the Fed will be successful in the efforts to slow inflation without causing too much of a meaningful slowdown in the economy.

The US is more insulated than Europe in terms of energy production so the US economy should be less impacted by inflated oil and gas prices. US GDP is projected to remain above trend this year; however, expectations have come down somewhat from the beginning of the year as inflation pressures begin to weigh on earnings expectations and consumer spending.

US companies have continued to show resilience in being able to pass along their increased input costs on to the consumer so earnings have continued to remain strong.

We will continue to monitor consumer spending throughout the year to determine if price increases begin to have a meaningful impact, which in turn will weigh on company earnings, especially companies that operate in the consumer discretionary sector.
US consumers have continued to show resilience in spending behavior in the face of higher costs, however the more entrenched inflation becomes, the higher the probability that consumer behaviors will eventually shift to a more cautious approach. The Fed has a difficult job ahead to try to rein in inflation, but not overtighten economic conditions to cause the economy to slow down too much.

While many positives remain for the global economy with global economic growth and company earnings expected to continue to remain positive in 2022, we maintain our view to be mindful of the risks that the markets face this year from a more aggressive Federal Reserve, elevated inflation, continued supply chain issues, and many different geo-political risks.

We recommend staying the course with your investment objectives, and we continue to rebalance and take profits as we see opportunities to protect portfolio gains and keep our portfolios in line with their investment objectives.

We also recommend communicating with us if any short-term cash needs arise so we can look for opportunities to be proactive when raising cash for any necessary distributions helping to protect against possible short-term negative moves in the market.

We recommend maintaining a more long-term focus on investment goals and objectives with an understanding that short-term headline risks rarely have a long-term effect on markets.

Market Viewpoints – Winter 2022

Keith Bonjour, Portfolio Manager
Keith Bonjour, CFP® Vice President, Portfolio Manager
The stock market finished 2021 on a high note, with a strong rally into year-end capping another positive year for stocks overall. U.S. stocks continued their outperformance versus both Developed International stocks and Emerging Market stocks. However, the bond market struggled last year posting a negative 1.54% annual return for the Barclays U.S. Aggregate Bond Index with the market anticipating a less accommodative Federal Reserve policy along with future rate hikes. Heading into the New Year, the economy remains on strong footing with both consumer spending, corporate profit margins, and company earnings continuing to provide support to the economy. Inflation and a more aggressive Fed policy continue to remain risks to the economic recovery, so we will be watching closely to see how both the stock and bond markets handle the Fed beginning to wind down their monthly bond purchases and begin to posture for increasing the Federal Funds Rate.
 
The Federal Reserve decided in November to begin to taper their bond asset purchases on a monthly basis, initially projecting to end those purchases early summer. In December, the Fed agreed to speed up the reduction in bond purchases to complete the reduction in March this year. This gives the Fed the ability to begin to increase the Fed Funds Rate earlier should they decide a rate hike is warranted as early as March. The Fed also indicated that they might begin to reduce their bond holdings faster than the market expected which caused both the stock and bond market to reprice assets given the possibility of a more aggressive move from the Federal Reserve. It is too soon to determine if the Fed will follow through on the more aggressive policy this year, but the market is currently pricing in three rate hikes in 2022, three more hikes in 2023, and two more hikes in 2024. The Fed continues to say they will remain flexible depending on how inflation and employment readings progress throughout the year.
 
Inflation continued to surge in the 4th quarter of 2021, leading the Fed to remove the word “transitory” from their Fed statement indicating that they feel some inflationary pressures are going to take longer to return to normal than they previously projected. Global supply chains have shown some signs of improvement with some of the port backlogs improving and some of the largest companies continuing to maneuver well to keep their shelves stocked. However, inflation expectations remain elevated for 2022. Expectations are for inflation to begin to subside as the year progresses, but still ending above the Fed’s 2% goal. Should inflation hold at higher levels than predicted, it could cause the Fed to be more aggressive than current expectations. This would generally be a headwind for markets, especially growth stocks since they tend to perform best in a low interest rate environment. We highlight this as a risk case to watch as the year progresses. 2022 will be a year in which both consumer and corporate spending will need to remain strong in order to offset a reduction in government stimulus spending and a less accommodative Federal Reserve.
 
Chinese stocks continued their struggles last quarter with the Chinese government expanding their regulatory crackdown on industries they feel are not adding to “common prosperity”. This has forced many of China’s largest technology companies to start to deleverage some of their assets and make donations to the government, which have weighed heavily on the Chinese stock market overall posting negative returns for the year. China remains a large driver of global growth so we will be paying close attention to their moves in 2022 to see if they pivot to a more accommodative policy to restore growth.
 
While many positives remain for the global economy with global economic growth and company earnings expected to continue to show strong growth in 2022, we maintain our view to be mindful of the risks that the markets face this year from a less accommodative Federal Reserve, elevated inflation, a very contagious Omicron Covid-19 variant, and many different geo-political risks. We recommend staying the course with your investment objectives, and we continue to rebalance and take profits as we see opportunities to protect portfolio gains and keep our portfolios in line with their investment objectives. We also recommend communicating with us if any short-term cash needs arise so we can look for opportunities to be proactive when raising cash for any necessary distributions helping to protect against possible short-term negative moves in the market. We recommend maintaining a more long-term focus on investment goals and objectives with an understanding that short-term headline risks rarely have a long-term effect on markets.

In the Community – River Music Experience

Our Non-Profit Community Spotlight

River Music Experience

By Tyson Danner, Executive Director

River Music Experience Logo

Since its founding in 2004 as part of downtown Davenport’s revitalization, the River Music Experience has served as a leader in the Quad Cities’ musical landscape. As it progressed through its early years, it found its place serving community needs by providing inclusive educational programming and high-quality, accessible concerts by local and regional talent.

Now in its eighteenth year, the River Music Experience has a greater impact on our region than ever before, partnering with music venues, city governments, and other nonprofits to create unique, diverse concerts throughout the Quad Cities. RME educational programs have prioritized accessibility with programs like the Acoustic Music Club for youth and adults with special needs. RME is investing in the next generation through mentorship with programs like InTune, a music mentoring program held within community centers. The organization’s staple educational program, RiverCurrents, continues to bring the musical traditions of the Mississippi River to elementary students across the region.

The Echo is RME’s newest endeavor – an online music publication that highlights all the great music happening in our local scene. It is the latest in RME’s growing dedication to building our regional music scene and bridging the gap between artists and potential audiences. Articles, resources, and a full music calendar are available at TheEchoQC.com.

With recent financial stability and program growth, the organization was prepared to invest for the first time. The staff at Northwest Bank’s Investment Management Group was incredibly helpful in guiding us through that process, providing encouragement, guidance, and vast experience to help us meet our goals. We are thankful for our partnership with Northwest Bank, and couldn’t be happier to work with a bank that places such high value on supporting its community.
To learn more about the River Music Experience, visit https://rivermusicexperience.org/.

Upcoming Events from our Nonprofit Partners

Winter Wheels: Antique Motorcycle Exhibition | Open through April 3 | Putnam Museum & Science Center
This community-curated exhibit features vintage, classic, and antique motorcycles of all makes and models.

Framed: Step into Art | Open January 22 – May 1 | Family Museum
Step inside the framework of famous paintings and experience art with your kids and family in this interactive exhibition.

Easter Egg Scramble | April 16 | Handicapped Development Center
5K walk/run located in the Village of East Davenport, supporting HDC. Contact maryegger@hdcmail.org for details.

Spring Parent Learning Series | Beginning May 4 | The Arc of the Quad Cities
The Arc of the QC is hosting a series of workshops focused on providing the tools parents of children with intellectual and developmental disabilities need to be the most effective. All sessions are free.
Visit www.arcqca.org for information.

2022 Mental Health for Healthy Living Conference | May 6 | Vera French
Vera French is hosting a conference on mental health featuring Chris McCormick-Pries, ARNP and John Medina, PHD. To register, go to forms.office.com/r/2grWjJdQwC.

Market Viewpoints – Fall 2021

Keith Bonjour, Portfolio Manager
Keith Bonjour, CFP® Vice President, Portfolio Manager

After a strong start to the quarter, stocks pulled back from their recent highs in September. The US economy remains on solid footing, however there are several topics that are concerning markets. The first has to do with the US debt ceiling and both parties being far away from any compromise to allow the debt ceiling to increase risking a potential US default on its debt obligations. The infrastructure bill discussions continue to drag on without any breakthrough on the total size of the package. Inflation also continues to worry the market while supply disruptions continue to increase with container ships and rail backups along with energy prices continuing to rise. Last, but not least, China has continued its crackdown on many different areas in its economy such as real estate, online education, online gaming, and technology. China has also tried to reduce its energy consumption, especially coal, which is causing energy shortages and adding further strain on already frail global supply chains.

The debt ceiling debate is intensifying with US Treasury Secretary, Janet Yellen, warning that the US would be unable to pay its bills without the debt ceiling raised by October 18th. The issue is becoming very political and the potential risk of a US debt downgrade is looming large over markets. Hopes are that an agreement can be reached soon to avoid unnecessary stress on financial markets. Infrastructure discussions continue without any new breakthroughs to end the quarter. Congress was trying to pass two separate bills, but progressives continue to try to force the bills to be linked together. Progressive and moderate Democrats remain divided on the overall price tag of the bills. Expectations are that a compromise will be reached sometime during the month of October.

Inflation concerns continue to be an issue with the Fed’s stance that inflation will be transitory starting to come under question. Global supply chains continue to be fractured for a variety of reasons such as not enough workers, bottlenecks, Covid shutdowns, and lack of excess inventory. These factors are proving to take longer to unwind then the Fed had initially projected and shipping costs continue to increase. Interest rates have also started to rise from their extremely low levels with the Fed indicating they will begin tapering (reducing) their monthly bond purchases by the end of the year. Tapering does not mean tightening, though, so the Fed will remain very accommodative well into 2022. We will be watching for any indication from the Fed of when the first rate hikes will begin with expectations currently split between the first hikes happening at the end of 2022 or early 2023 according to the Fed’s most recent dot plot.

The Chinese government is also making headlines for their strong regulatory crackdown on many areas of their economy such as online gaming, private education, real estate, and the large technology companies. This has increased the risk for publicly traded stocks in China due to the growing risk of further government intervention. China is also dealing with trying to reduce energy consumption and carbon emissions, which is further slowing their manufacturing and adding to supply chain issues.

The fourth quarter is usually a strong period for stocks; however, we maintain our view to be mindful of the risks facing the market for the remainder of the year. We continue to recommend staying the course with your investment objective, and we will rebalance as year-end approaches to bring portfolios in line with our recommended allocations. We also recommend determining any short-term cash needs that you may have over the next six months as we continue to maintain appropriate cash levels for clients needing distributions. Creating this cash can help protect against an increase in volatility and short-term moves in the market. We recommend maintaining a more long-term focus on investment goals and objectives with an understanding that short-term headline risks rarely have a long-term effect on markets.

In the Community – Fall 2021

Our Non-Profit Community Spotlight

Giving in the Best Way Possible

The Quad Cities Community Foundation

Quad Cities Community Foundation Logo

The Quad Cities Community Foundation is the place where you and your trusted advisor go to fulfill your charitable giving in the most effective way possible. With a 57-year history in the Quad Cities region and a staff of gift planning, investment, and grantmaking professionals, the Community Foundation’s deep knowledge of community needs and opportunities allows it to connect you with the organizations and causes you care about. 

When you trust the Community Foundation with your generosity, you gain access to a range of tailored philanthropic services designed to help you meet your own goals for today and for the future. Whether you want to gift to an existing fund or establish one of your own, the Community Foundation makes the process easy and rewarding. Its team of experts is here to assist you with philanthropic guidance, legacy giving, gift and estate planning, family philanthropy, individualized grantmaking support, scholarships, donor-advised funds, and more.

And by partnering with the financial expertise at Northwest Bank & Trust’s Investment Management Group, the Community Foundation stewards your charitable investment for today’s needs and tomorrow’s opportunities in the Quad Cities and beyond.

To learn how the Community Foundation can help you give to support the community and causes you care most about, contact Anne Calder, vice president of development, at AnneCalder@qccommunityfoundation.org or (563) 326-2840.

Upcoming Events from our Nonprofit Partners

Ridgecrest Foundation Annual Dinner | Friday, November 5, 2021 at 5:30 p.m. | The Outing Club
Ridgecrest Foundation
Join Ridgecrest Village for their annual dinner at the Outing Club, where there will be a cocktail hour starting at 5:30, followed by a presentation and entertainment. All proceeds benefit the Koning Fund, which helps assist residents living at Ridgecrest who qualify and need assistance with their maintenance fees. Contact Carrie for more information and tickets at cdreifurst@ridgecrestvillage.org or 563-288-3431.

Scott Community College Glass HeartsGlass Hearts Fundraiser | Sale ends November 11, 2021
Scott Community College Foundation
Help support the Veteran students at Scott Community College by purchasing an exclusive red, white, & blue hand crafted glass heart made by Hot Glass this year only. Hearts can be picked up or shipped to your home. Visit https://qtego.net/qlink/scc/items to get your heart now!

Wild Kratts ExhibitWild Kratts®: Creature Power Exhibit | Open now through January 8, 2022
Family Museum
Get ready for an extraordinary adventure! Step into the world of Wild Kratts® to explore the secret lives of amazing creatures in this hands-on exhibit. Immerse yourself in animal habitats from around the globe, discover incredible creature powers and go on a mission to foil the villains’ nefarious plans.

HDC Nut Sale

 

 

28th Annual Boosters Organization/Bob Ott Memorial Nut and Candy Sale | Order Now!
Handicapped Development Center
Ordering is now open for HDC’s Annual Nut & Candy Sale! Visit their website at https://handicappeddevelopment.org/nut-candy-sale/ for a list of items and printable order form, or email Mary Egger at maryegger@hdcmail.org to place your order.

#GivingTuesday | Tuesday, November 30, 2021
Ridgecrest Foundation
#GivingTuesday is a global generosity movement unleashing the power of radical generosity. To participate, visit www.ridgecrestvillage.org and include #GivingTuesday when you donate! The funds raised from this event will go to the Life Enrichment fund.

Market Viewpoints – Summer 2021

Keith Bonjour, Portfolio Manager
Keith Bonjour, CFP® Vice President, Portfolio Manager

U.S. stocks continued to show strong gains this year with the S&P touching new highs at the end of June on strong company earnings and increased consumer spending. Bond yields have also come down in the second quarter after the large increase to start the year. This helped bonds reduce the losses they suffered during the first quarter on rising yields and inflation fears. Inflation fears have been dominating headlines and worrying investors due to the large increases in demand in multiple parts of the economy leading to higher than expected inflation readings. Supply issues have continued to constrain companies from getting back to full capacity due to a lack of workers, supply chain issues, and pricing pressures. The economic recovery remains intact with GDP continuing to show a very robust rebound from the COVID induced shutdown last year. The U.S. is on track to post the strongest GDP figures in decades this year as long as the recovery continues as expected in the second half of the year. COVID-19 infections have come down meaningfully in the U.S.; however, the new Delta variant is of particular concern for its highly infectious characteristics especially for the pockets of the U.S. with the lowest vaccinations rates. This will be something important to track as the year progresses.

Consumer demand has been robust this year after last year’s lockdown measures with many consumers eager to resume spending on dining out, travel, home and auto purchases, and many other retail sectors as the economy reopens. This put a lot of pressure on companies to increase capacity quickly, but many were caught flat-footed and were unable to ramp-up production, obtain the supplies they needed, or hire back enough workers to meet the robust demand. These constraints have caused spikes in inflation along with surging prices in many different areas of the economy. However, there are signs that supply can catch-up with demand eventually noting that the prices of lumber came down over 40% in June as production increased after an extraordinary run-up in lumber prices over the last year. The Fed still views inflation as transitory expecting that the recent sharp increases should eventually subside and average inflation coming back down to more acceptable levels into 2022. We will monitor this area closely in the months ahead as new inflation indicators become available.

Congress is continuing discussion on trying to get a new infrastructure package approved. The Biden administration along with a bipartisan group of senators agreed to a $1.2 trillion infrastructure bill, The Bipartisan Infrastructure Framework, made up of almost $600 billion of new spending and the rest from dollars earmarked for previous unused coronavirus relief funds. The package proposal aims to spend the funds on infrastructure projects over a period of eight years; however, it faces a tough path forward to win approval from Congress. The proposal includes billions of additional spending to improve our nation’s infrastructure with a focus on traditional infrastructure projects benefitting roads, bridges and rail, water systems, and broadband internet access.

We maintain our view to be mindful of risks facing the market in 2021 as COVID-19 cases are on the rise again, and stocks and bonds still trade expensive compared to their historical averages. However, central banks and governments continue to provide massive amounts of stimulus that are driving up asset prices. We continue to recommend staying the course with your investment objective and to rebalance your portfolio by selling strengths and buying into weaknesses to adjust to movements in the market over time. We also recommend determining any short-term cash needs that you may need over the next six months. Creating this cash can help protect against an increase in volatility and short-term moves in the market. We recommend maintaining a more long-term focus on investment goals and objectives, and not reacting to short term up or down movements in the market.

In the Community – Summer 2021

Our Non-Profit Community Spotlight

The Putnam Museum World Culture Gallery

By Rachael Mullens, President/CEO

The Putnam MuseumThe Putnam Museum and Science Center recently unveiled its new World Culture Gallery showcasing cultures from around the world as reflected in the museum’s historic collection. As a Smithsonian Institution Affiliate, the Putnam houses a collection entrusted to the museum by seven generations of Quad Citians, including objects from the world travels of some of the museum’s founders including the Putnam, Palmer, and Figge families.

The World Culture Gallery’s inaugural exhibit, The Colors of Culture, explores the meaning of color to people of different cultures, including the symbolism of color in adornment, home, and celebration. Raising awareness of the rich cultural diversity found right here in our own community, the exhibit is a partnership with World Relief Quad Cities and includes artifacts loaned by families from the organization’s refugee resettlement program.

The World Culture Gallery is the first of its scale since the opening of the Science Center in 2014 and was made possible by support from Bechtel Trusts, Scott County Regional Authority, the Putnam Museum Guild and numerous private donors and Trustees. Longstanding and generous support of community partners including Northwest Bank & Trust Company are how the Putnam has been able to serve the community for over 150 years.

A museum of history, culture, and science, the Putnam has served the Quad Cities region since 1867 and is the Quad Cities’ only Smithsonian Affiliate. The Putnam brings to life a sense of place, time and purpose to ignite human potential and inspire our diverse community to learn about and care for our world and all its people.


Visit putnam.org and click “Join and Support” to learn about ways you can get involved.

Upcoming Events from our Nonprofit Partners

the catalyst awards

The Catalyst Awards & Auction | July 30, 2021 | Schweibert Park, Rock Island, IL
The Arc of the Quad Cities Area
Join the Arc of the QCA in celebration of the people and organizations who have been a light in the lives of people with disabilities and ignited a passion for inclusion at The Arc’s Catalyst Awards. Visit www.arcqca.org for bidding and tickets.

Grant Opportunity | LOIs for Nonprofit Capacity Building Grants | Due September 1, 2021
Quad Cities Community Foundation
Nonprofit Capacity Building Grants strengthen nonprofits by increasing their core systems and operations. By improving infrastructure at the organizational level, these time-limited projects help nonprofits more effectively carry out their missions. For more information on how to apply, contact Lisa Stachula at (563) 326-2840 or visit www.qccommunityfoundation.org/nonprofitcapacitybuilding.

HANDS Auxiliary Auction | October 2, 2021 | Modern Woodmen Park
Handicapped Development Center
Join HDC for an evening of entertainment, heavy hor’d’oeuvres, beverages, live and silent auctions, a TV raffle, and more. For tickets, contact Mary Egger at maryegger@hdcmail.org or call (563) 391-4834.

BASH 2021 | October 5, 8, and 12, 2021 | Scott Community College Culinary Arts & Hospitality Management Center
Scott Community College Foundation
Scott Community College will be hosting three small events on their brand new outdoor kitchen at the Culinary Arts & Hospitality Management Center. Attendees will enjoy food prepared and served with the help of the college’s Culinary Arts and Hospitality Management students. A virtual silent auction and an exciting raffle will be held. For more details, visit www.eicc.edu/sccbash.

Market Viewpoints – Spring 2021

By Keith Bonjour, Vice President, Portfolio Manager

Keith Bonjour, Portfolio ManagerBoth the stock and bond markets have traded in a more volatile and choppy fashion in the 1st quarter of 2021, with longer term bonds pulling back more than short term bonds on renewed worries over inflation after the additional stimulus measure enacted by Congress. The recent stimulus package, called the American Rescue Plan Act of 2021, provides an additional $1.9 trillion of stimulus via stimulus checks, extending unemployment benefits, expanding tax credits, along with aid to state and municipalities as well as other payments. The additional stimulus package on top of the large stimulus provided in 2020, along with the global economy gaining momentum on reopening hopes, has created worries in the market about rising inflation and weighed heavy on bond prices in the first quarter of 2021. The Federal Reserve is continuing their accommodative stance and have indicated they are not concerned about increasing inflation expectations. The Fed has stated they feel the increase in inflation will not last with inflation coming back in line with the Fed’s 2.0% mandate in 2022 and that they still do not foresee any increases in the Fed funds rate until at least 2023.

 
With the passage of the American Rescue Plan Act of 2021, expectations have increased for GDP growth in the United States this year. The market is pricing in a strong recovery in the second half of 2021 as more Americans become fully vaccinated and both businesses and consumers begin to open their wallets due to pent up demand. Consumers are expected to increase their spending on travel and entertainment which has helped drive a shift out of some of the best performing sectors (IE: Technology) in 2020 to the worst performing sectors (IE: Energy and Travel/Leisure). The increase in inflation expectations along with government inquiries into big technology companies have also been weighing on technology stock returns this year. We continue to recommend maintaining a well-diversified portfolio to weather the volatility.

 
COVID-19 infections rates have come down in the U.S. and vaccinations have ramped up in a meaningful way. However, the increased travel this spring and states beginning to re-open and lift restrictions has caused a recent uptick in infection rates. We are also seeing a more meaningful uptick in Europe and Latin America so even with the increase in available vaccines, the various strains of the virus still pose a risk to growth assumptions this year. It will be important for the market to continue to show signs of positive earnings growth and for the economy to continue its expected strong recovery without any new lockdown measures imposed in the second half of the year. President Biden is also proposing a new infrastructure package in a two-part proposal, the American Jobs Plan and the American Families Plan, which could aid GDP growth if enacted this year. However, it will be important to see what tax hikes are in the proposal to fund the infrastructure package and what effects those tax increases may have on corporate earnings.


We continue to be mindful of risks facing the market in 2021 as COVID-19 cases are on the rise again, and stocks and bonds still trade expensive compared to their historical averages. However, central banks and governments continue to provide massive amounts of stimulus that are driving up asset prices. We continue to recommend staying the course with your investment objective and to continue to rebalance your portfolio by selling strengths and buying into weaknesses to adjust to movements in the market over time. We also recommend determining any short-term cash needs that you may be need over the next six months. Creating this cash can help protect against an increase in volatility and short-term moves in the market. We recommend maintaining a more long-term focus on investment goals and objectives, and not reacting to short term up or down movements in the market.

In the Community – Spring 2021

Our Non-Profit Community Spotlight

The Family Museum Lights a Creative Spark for Lifelong Learning

Family Museum Bettendorf

The Family Museum offers interactive and educational experiences for young children in the areas of art, science, movement, and play. With 44,000 square feet of programming space, the Museum provides hands-on exhibits, drop-in classes, preschool classes, school and community outreach, dance classes, and a variety of programs geared towards children eight and under.

Visitors to the Family Museum’s interactive exhibit gallery discover how food moves from the modern farm to the local store by caring for animals, driving a combine, and moving grain in the Farm exhibit. Guests explore the Mississippi River by adding obstacles and raising or lowering water levels as they watch their boat make its journey down a 28-foot indoor waterplay table resembling an actual stretch of the Mississippi River. Visitors chat with neighbors or wave to the mail carrier in the Town Square exhibit which includes features of everyday life. And our youngest guests make alphabet soup, wash the laundry, and splash around in the virtual pond (without getting wet!) in PlayHouse.

New for 2020 is the two-story Luckey Climber! This artistically stunning structure allows Family Museum guests to climb from the first floor to the second floor while observing photographs of clouds on the platforms on the climb up and aerial photographs on the way down. While intended for young children, all ages are welcome to climb!

The Family Museum and its non-profit foundation depend on community support to serve the children and families in our community. Northwest Bank’s Investment Management Group have provided the Family Museum Foundation with expert advice and endowment support that is both efficient and lucrative. Their advisors and investment options are always supportive and best established to support the Family Museum needs.

To learn more visit https://familymuseum.org/

Upcoming Events from our Nonprofit Partners

Annual HANDS Auxiliary Golf Outing | June 7, 2021 | Crow Valley Golf Club, Davenport, IA
Handicapped Development Center
Save the date for the annual HANDS Auxiliary Golf Outing. This years’ event will take place but will be slightly different to provide a safe environment for all participants. Contact Mary Egger at 563-391-4834 or maryegger@hdcmail.org for more information.


The Arc Charity Golf Outing | June 18, 2021 | Highland Springs Golf Course, Rock Island, IL
The Arc of the Quad Cities Area
Register online at arcqca.org.


The Catalyst Awards & Auction | July 30, 2021 | Schweibert Park, Rock Island, IL
The Arc of the Quad Cities Area
Join the Arc of the QCA in celebration of the people and organizations who have been a light in the lives of people with disabilities and ignited a passion for inclusion at The Arc’s Catalyst Awards. Visit www.arcqca.org for bidding and tickets.


Birds and You | A Putnam Museum Exhibit | Open Now!
Birds and You examines the role we all can play in protecting and preserving the birds we see every day in our backyards and fields. Visitors can expect to see a variety of taxidermy mounts, eggs, and nests while learning about the issues facing birds today. Visit www.putnam.org.

Welcome Centennial Tax & Accounting

We are very happy to welcome Centennial Tax & Accounting to Northwest Bank

Centennial Tax & Accounting

Centennial is our former firm, Blair, Westfall & Co., coming together with the expertise of Jeanne Pyle Scott and her team at Pyle, Scott & Associates, as well as Dave Schebler, CPA; Randy Sovey, CPA; Dave Thies and their support team. All combined we are now 18 people strong and will be led by Jeanne Pyle Scott.

Jeanne has been well known to us at Northwest Bank because of her outstanding reputation in her field. She spent much of her career in the private trust company and family office area serving high net worth individuals and families. We think that experience will be a wonderful asset for our clients. 

This new combined Centennial Tax & Accounting team includes six full-time CPAs and over 200 years of experience. They are uniquely positioned to deliver outstanding relationship-first accounting services to the individuals and businesses in the Quad Cities. We love that they have the expertise to confidently serve tax and accounting needs, while maintaining a size small enough to provide personalized attention and direct accessibility. 

Centennial Tax & Accounting have moved into their brand new offices on the 5th floor of our NorthPark Tower. We look forward to the opportunity to tell you more about them, and introduce you Jeanne and the rest of the team!