Comment Detail
Date: 07/11/24 First Name: Gerald Last Name: Reiter Email: geraldr@granitebank.com Organization Type: fhlbank Organization: Granite Community Bank Comment
We are a $300 million bank in MN with a large presence in mortgage lending. We rely heavily on the FHLB to manage our liquidity. We are presently originating over $30 million in mortgage loans per month. Without the home loan bank and their lending products we wouldn't be able to continue to finance the number of home and construction loans that we do.
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