The bank recently celebrated its 10-year anniversary. What do you consider to be
the major factors in the steady success of the bank?
Camelback Community Bank celebrated its 10th anniversary in 2008. While it was a
challenging year for financial institutions, as the economy faced unprecedented
market pressures, we have many opportunities to continue to grow and succeed. We
have seen more emphasis on the safety and soundness of the banking community. With
the help of the temporary increase in the FDIC insurance coverage and our CDARS®
product, we have been successful in addressing customers’ concerns about their banking
and deposit relationships.
Through the past 10 years, Camelback Community Bank has enjoyed steady growth and
success and has been able to weather some of the economic challenges felt in our
industry. We attribute this to maintaining good basic and fundamental banking principles.
We have developed a well-diversified loan portfolio and avoided concentrations in
riskier speculative real estate transactions and consistently sustained sound underwriting
standards. As a result, we have been able to minimize the adverse impact of the
current economic environment. This has also allowed us to remain healthy and well-positioned
to continue to help our customers meet their financial needs.
We could not have achieved the success we have enjoyed over the past 10 years without
the hard work and dedication of our staff and board of directors. We deliver our
services with honesty and integrity and as a result have enjoyed many years of longstanding,
loyal relationships. We continue to focus on our vision of “Relationships that last
a lifetime.”
— Gail E. Grace, President & CEO