|
|
About EDSB
What's new
| Upcoming Changes |
To Our Customers,
Over the past year, EDSB has experienced commercial real estate loan losses and additional operating expenses, not unlike other institutions in the area or the country. This combination of losses and increased expenses has caused our board and management to take a hard look at our operations.
In order to exceed the regulatory standard of 10% capital for a well-capitalized bank, to reduce overhead expenses, improve our liquidity position, and accelerate our return to profitability in 2010, we will be selling our Pennsylvania Avenue building. We will relocate the Pennsylvania office staff to our Cedar Cross and East Dubuque offices effective June 18, 2010.
Dupaco Community Credit Union will buy the building & become the new property owner effective June 30th. Current building tenants will remain there, and become tenants of Dupaco.
This is strictly a sale of our building, and none of our accounts. All customers and accounts - and the relationships we have with you - will remain with EDSB, and we will continue to provide the convenience and personal service you need and deserve for your daily banking. You will not be required to do anything with your accounts to remain an EDSB customer. You can bank at either of our convenient locations.
Through June 18th, you will be able to bank at the Pennsylvania office with no changes in services, products or hours. We will be communicating with you regularly between now and then, to provide updates and to make this transition as smooth as possible for you.
As always, your accounts are completely safe and are insured through the FDIC.
I, the board, and our employees sincerely thank you for your loyalty and appreciate your understanding during this time of change.
Sincerely,
Steve Bonnet
President and CEO
815-747-3173
sbonnet@edsb.com
|
| EZ Business Banking Services |
| Businesses of all sizes and types can benefit from our new EZ Business Banking Services. On our menu bar to the left, click on EZ Business Banking and learn more about our convenient e-Business checking account, and the time-and-money saving family of products connected to that checking account. Have questions? Call our EZ Business expert, Kim Adams, at the Pennsylvania office (563-588-9820) with your questions.
|
| Refinance, Buy, Build |
| Mortgages rates are low, and we can likely save you money on your house payment. Whether you're buying or just want to talk about refinancing, see the EDSB Mortgage experts.
|
|
|
Home
