WHERE YOU BANK MATTERS
In times like these, where you bank matters. Amid persistent inflation, rising interest rates, and continued volatility in national and global markets, it’s crucial to partner with a bank that prioritizes your financial interest. It’s important to have a relationship with bankers and a bank you can trust. We are committed to continuing to earn your trust through transparency and by demonstrating our reliability.
Whenever bank failures make the national news, there are naturally questions and discussion at the local level about what happened and why.
It is worth remembering that not all banks are equal. They do not have the same purpose or the same values. As a privately held community bank that has been family-owned and operated since 1916, we want to provide a window into some of our best practices. After all, they have carried Adams Bank & Trust and our customers to success through more than 100 years of the ebb and flow of the economy. So, what are the pillars of our strength and stability?
We have a very diversified customer and asset base. We’re spread across many communities, which reduces the risk of a challenge in any one particular area. It helps us remain strong and safe through a variety of economic conditions, which is very important in today’s environment.
We manage interest rate risk so that future earnings are not jeopardized. Having a strong bank helps us have strong communities. It allows us to be there for our customers during times of economic uncertainty.
We are capitalized well above regulatory thresholds We are strongly capitalized, which provides cushion or extra protection to help keep your deposits safe.
We voluntarily make our balance sheet easy to find on page 4 of every issue of our quarterly newsletter. We’re proud of the numbers that show our organization’s strength and stability, and we want you to feel secure in the bank’s position.
How does banking with a community bank matter to your community? Interest rates are competitive, so why should you choose one bank over another?
When you place deposits with a community bank, it allows us to reinvest in projects in your community. It opens doors for local business start-up and expansion loans. It facilitates families buying and renovating homes, thus improving neighborhoods. Deposits that go to banks outside your community and state don’t provide those benefits.
You may remember that public service announcement that television stations used to broadcast at curfew time, “It’s 10 o’clock. Do you know where your children are?”
It’s a question worth asking about your bank, too. Do you know where your money is? With a community bank, your money is out at work, increasing opportunities and making your town a better place to live.
We want you to know that you have the expertise of your local bankers, as well as the expertise of the Adams family, standing behind you when you bank with us. As always, if you have questions or concerns, please contact your local banker and allow us to address those directly. Thank you for your continued confidence and trust.
It is worth remembering that not all banks are equal. They do not have the same purpose or the same values.
