Comment Detail
Date: 10/21/22 First Name: Stephen Last Name: Gobel Email: sgobel@grotonbank.com Organization Type: other Organization: The First National Bank of Groton Comment
We have been members of the FHLB of New York since 2011. We primarily utilize short term advances to assist with the seasonal fluctuations in our liquidity. This allows us to remain fully invested during times of municipal deposit draw downs.
We also receive daily economic advisories which are very helpful. We value our membership and have always received excellent professional service from all personnel.
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