Dear Current and Potential Customers of The Foothills Bank:
It's with great pleasure that I introduce myself as the new President/CEO of The Foothills Bank. With this change, Bill Savory, our former CEO, will now take on the role of Chairman of the Board. I am confident that this change - along with the promotions of Joel Schramm to Executive Vice President, CFO and Terry Farr to Senior Vice President and Chief Credit Officer - will mean a continued philosophy of friendly, conservative banking, and will ensure safety, soundness, and a commitment to high quality for this institution for a long time to come. I am excited about the future of the bank, and look forward to providing our customers with the Personal Touch you've come to know and expect.
In an economic climate where bank closures are occurring and media stories are predicting future bail-outs by the FDIC, consumers and local businesses alike are expressing concern regarding the health and safety of institutions they've long come to trust. At The Foothills Bank, we're proud to report that we're stronger than ever, and have just been rated a five-star bank by BauerFinancial, Inc. This most recent rating marks twelve consecutive quarters of five-star ratings for our institution. Our capital ratio, which is an indication of our cushion, or ability to weather tough economic times, is very strong and we are considered well capitalized by our regulators. Additionally, our loan portfolio continues to grow, and we have not experienced an increase in delinquencies.
I invite each of you to speak to our management team about any questions or concerns you have about our bank. I realize that economic reports may lead to uncertainty. Know that you can rest assured that the Board of Directors and Management of the bank consider the safety and soundness of this institution our top priority. I also invite you to take a look at our full line of business and personal banking services, including deposit accounts, online banking and bill payment, residential and commercial loans, and a host of other services.
Regards,
Wayne Gale
President/CEO
