First of all, many of you are wondering how banks fail.  They fail for either having insufficient capital or insufficient liquidity.  Bank 1440 remained well-capitalized as of June 30, 2008.  For further information on our financials as of June 30, 2008, please visit the FFIEC website at https://cdr.ffiec.gov/public/SearchFacsimiles.aspx.

Secondly, our deposits are insured up to the maximum allowed by the FDIC.  

Thirdly, we have never offered residential mortgages; therefore we have not been directly affected by the sub-prime mortgage crisis.

One key reason that Bank 1440 has continued to succeed in this environment is that we are fortunate to have executives and officers who have been through this before.  Our experienced team understands the economic pressures that occur when real estate values decline.

Please be assured that Bank 1440 has always been guided by established lending policies and underwriting practices.  Our policies and practices will allow us to weather the storm of these cyclical events and continue to succeed in these uncertain environments.

If you have any concerns regarding your personal financial situation, please contact us at 623-463-1440.  We welcome the opportunity to address any concerns you may have.