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  • Comment Detail

  • Date: 10/26/22
    First Name: CHRIS
    Last Name: CAROTHERS
    Email: ccarothers@cbwinfield.com
    Organization Type: other
    Organization: citizens bank of winfield

  • Comment

    FHLB IS VERY IMPORTANT TO FUNDING OUR BANK. WE USE THE BORROWINGS FROM FHLB TO FUND LOANS AND PURCHASE MUNICIPLE BONDS FOR OUR PORTFOLIO. IT IS HARD TO RAISE DEPOSITS LIVING IN A RURAL COMMUNITY WITH 3 BANKS AND A CREDIT UNION. FHLB EMPLOYEES ARE ALWAYS WILLING TO HELP AND ARE ALWAYS AVAILABLE TO SPEAK WITH. AS A SMALL RURAL COMMUNITY BANK, IF WE DID NOT HAVE FHLB FUNDING AVAILABLE IT WOULD MAKE IT MORE DIFFICULT FOR US TO FUND THE BANK THE WAY WE NEED TO.