It is somewhat of an understatement to say the news from Wall Street, of late, has not been good. Let me simply state it is a long way from New York City to Lakeville, Minnesota. While we are not entirely insulated from the financial difficulties that face the banking industry and our nation, our customers benefit greatly from the fact that our focus has always been right here in our own backyard.
We take our commitment to this community seriously. This means getting to know our customers. It also means that we understand the particular opportunities and challenges in our area. Our knowledge and understanding of our customers and our area helped us make sound decisions as we conduct the business of the bank.
Prudence and care have been watchwords for how we manage Lakeview Bank. Over the past few years, as some financial service firms sought to expand their business at almost any cost, Lakeview Bank remained focused on our core competency: accepting deposits and making loans to stable businesses and individuals in our community. We will continue to develop as a bank through that same disciplined process.
Quite frankly, we are approaching the future with optimism. America has withstood economic troubles in the past and we believe that our current national challenges will also be overcome. Because you have entrusted your money with us, you can sleep soundly with the confidence that you have the safety and assurance that the FDIC provides. But perhaps equally important is the knowledge that we safeguard your money as if it were our own.
I encourage you to contact me or one of our personal bankers or commercial loan officers with any questions you might have. We appreciate your business and look forward to serving you long into the future.