Bank News
ICBA and FOUR OAKS BANK Urge Consumers:
"Go Local" by Banking Locally with Your Community
Bank
Banking with
your local community bank is a hometown investment you
can be proud of!
FOUR
OAKS, NC (November 8, 2011) -
As many of the
nation’s consumers consider switching banks, the
Independent Community Bankers of America (ICBA) and Four
Oaks Bank are reminding them that now is the perfect
time to join the “go local” movement by banking locally
with their local community bank.
By doing so, consumers will realize the litany of
benefits that come with banking with a community bank,
including a relationship-based banking experience,
superior customer service and the pride that comes with
reinvesting in one’s community.
“By going local and banking locally with your
community bank, consumers can make a real difference in
the lives of their neighbors and the future of their
community,” said Sal Marranca, ICBA chairman and
president and CEO of Cattaraugus County Bank, Little
Valley, N.Y.
“They’ll be making a hometown investment they can be
proud of.
After all, the money they deposit in their community
bank will be reinvested in ways that drive their local
economy, such as in the form of loans to local residents
who want to buy a home or to small business owners who
are looking to open a shop on Main Street.”
As small businesses themselves, community banks
only thrive when their customers and communities do the
same, so taking care of their customers and looking out
for the best interest of their community is ingrained in
the way they conduct their business each and every day.
And when consumers call their local community
bank, they’ll be reassured to know that they won’t be
talking to someone halfway across the globe.
Instead, they will be talking to their community
banker who lives and works in the same community they
do.
Whether located in small towns, suburbia or
big-city neighborhoods, community banks improve
America’s communities by funding nearly 60 percent of
all small businesses under $1 million and by using local
dollars to help families purchase homes, buy a car,
finance college and build financial security.
By driving local economies and creating local
jobs, community banks are an integral part of our
financial system and play a key role in our nation’s
economic recovery.
Of the more than 7,000 community banks across the
country, nearly 5,000 are ICBA members.
Representing more than 23,000 locations
nationwide and employing more than 280,000 Americans,
ICBA members hold more than $1 trillion in assets, $900
billion in deposits, and $700 billion in loans to
consumers, small businesses and the agricultural
community.
“ICBA
and Four Oaks Bank want all Americans to know that their
community bank is not only invested in their hometown,
but also in them, as customers,” Ayden Lee, CEO, Four
Oaks Bank said.
“Our doors are open, and we welcome consumers to
go local and see the community bank difference for
themselves.”
To find your local community bank, visit ICBA’s
community bank locator at
www.icba.org/locate.
Simply type in your Zip Code and the app will
show you all the community banks in your area.
You can even download free ICBA locator apps for
your iPhone, Android or Blackberry.
About ICBA
The Independent community Bankers of America, the
nation’s voice for community banks, represents nearly
5,000 community banks of all sizes and charter types
throughout the United States and is dedicated
exclusively to representing the interests of the
community banking industry and the communities and
customers we serve.
For more information, visit
www.icba.org.
Four Oaks Bank & Trust Company is a state
chartered bank headquartered in Four Oaks, North
Carolina, where it was chartered in 1912.
The
wholly owned subsidiary of Four Oaks Fincorp, the single
bank holding company trading under the symbol FOFN on
the OTC Bulletin Board, Four Oaks Bank has
over $915 million in assets and approximately $743
million in deposits. The
Bank presently operates seventeen branch offices located
in Four Oaks (2), Clayton, Garner, Smithfield (2),
Benson, Fuquay-Varina, Holly Springs, Wallace, Harrells,
Sanford, Zebulon, Dunn, Rockingham, Southern Pines and
Raleigh. For more
information, visit
www.fouroaksbank.com.
####
Notice Regarding U.S. Savings Bonds
Effective December 31, 2011, the Federal Reserve will no longer allow over-the-counter sales of savings bonds nor applications for bonds mailed directly to the Federal Reserve by customers.
Beginning January 1, 2012, all orders for savings bonds must be placed online at www.treasurydirect.gov. The online ordering service is available now.
Four Oaks Bank will continue to cash U. S. Savings Bonds.
