Comment Detail
Date: 10/14/22 First Name: Michael Last Name: Hurst Email: mike@truelocalbank.com Organization Type: other Organization: Del Norte Bank Comment
FHLB has been an essential partner in our community bank's growth. In order to sustain Del Norte Bank's growth from $12 million in 1999 to $120 million today, we periodically relied heavily on term advances to fund the loan growth that was apparent in our market. The options available through the FHLB allowed us to match our funding needs precisely, whether we needed to fund a gap or a long term advance.
We great value in our membership at the FHLB.
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