How important are the long-term relationships with customers and the local community
to the ongoing success and financial strength of Bank of Escondido?
Bank of Escondido was founded on the basis of long-term relationships. When we first
embarked on organizing the bank we selected members for the board of directors who
were not only pillars of the community, but individuals who understood the value
of relationship banking.
When it came time to bring the staff together, we hired a team of local bankers,
many of whom had worked together for over 25 years. This experienced staff with
a proven track record for success provided the base on which the bank has grown.
Another benefit of our emphasis on relationships was illustrated during the original
stock offering of the bank. Virtually all of our investors had known the bank officers
and employees, and many became our first customers. This focus has been a keystone
to the ongoing financial strength and success of Bank of Escondido.
After five successful years, the bank has matured into a major contributor to the
Escondido economy. Many of our staff members are active in community events and
are ardent supporters of a variety of local community organizations. The Bank of
Escondido has been recognized by the Downtown Business Association of Escondido
for its contributions to the community. Our success and strength can be attributed
to our success in building relationships among our directors, staff members and
customers, which will stand the test of time.
— Michael R. Peters, President & CEO