Bank of Tucson exceeded every financial goal we set for 2007. At the same time that we enjoyed our success we knew that providing “banking as usual” would not assure our continued prosperity. As a result, 2007 was a year of change. The change was driven primarily by an all-out effort to improve on the bank’s stellar performance while also delivering the type of cutting-edge financial products and services we needed in our arsenal to remain ahead of the competition.
| Bank of Tucson exceeded every financial goal we set for 2007. |
Following an in-depth assessment of the bank’s first 11 years and extensive discussions with our board of directors, we adjusted our business plan to take advantage of the changing banking landscape. Our plans for “The Next 10” started with the bank doubling its physical size. We established an “e-banking” department. We provided remote capture of deposits and integrated Capitol Wealth Advisors and brokerage services into our main office in Tucson. At the same time, we are diligently attending to the needs of our customers. After all, it was this type of excellent customer service that was so successful for us during the first 11 years.
Our extraordinary customer service and financial success in Tucson is being replicated in Nogales, Arizona. The dramatic growth of the small loan office we launched four years ago led to the October 2007 opening of our signature building named “Bank of Tucson Business Center” in Nogales. This office, which concentrates on serving companies involved in cross-border commerce and industry, is already making significant contributions to our bottom line and giving our bank a growing presence in Mexico.
Our board of directors has also established an advisory board of entrepreneurs in the community. These new leaders are being trained in the business of banking and are being prepared for potential future openings on the board of directors. This is a crucial investment in our bank’s development.
With the enthusiastic participation of every member of the bank team, we will continue to capitalize on business opportunities made available by the changing economy as we set a new standard for community banking.
— Michael F. Hannley, President & CEO