How do the strengths of Larimer Bank of Commerce align with the current challenges
and opportunities in this market?
Despite these challenging economic times, 2008 was a good year for Larimer Bank
of Commerce. The bank is well-positioned to compete in the current weak economy
because of its conservative lending philosophy, seasoned business development staff
and aggressive resource management. As a result, Larimer Bank of Commerce will continue
to do business in a much less competitive marketplace. Our experienced staff will
continue to build new relationships in 2009, applying new products that will create
efficiencies for both their personal and business accounts. The 2009 strategic focus
will be rooted in our foundation of lean staffing and emphasis on client service.
Cost controls and internal oversight have put Larimer Bank of Commerce in a solid,
profitable position that allows the bank the option of slower growth, stabilizing
expenses and providing opportunities to target customers who we have invested time
with since opening the bank.
Larimer Bank of Commerce is ready to continue working hard to meet customer needs
while cautiously growing as we prepare for an improved economic climate.
— Mark A. Kross, President & CEO