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From the Office of the CEO
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From the Office of the CEO
Welcome to Fairfield County Bank!
 The economy was the story of the year in 2009 with the banking industry as a principal character. The sub prime lending issues of 2008, the stock market volatility and near all time lows caused concern for the nation. Government programs and new regulations brought continued media emphasis on the state of the banking industry. Across the country consumers and businesses have been affected by rising unemployment, failing home values, and diminished returns on investments.
We are pleased to report that Fairfield County Bank remains a strong, healthy and trusted financial partner for our valued customers and the communities we serve through the difficult times.
The bank experienced significant growth in 2009 and successfully launched two new branch offices; I-park in Norwalk, Ct and our Stamford Office at 850 East Main, Stamford, CT.
A key strategic mission of the Bank in 2009 was to successfully align the Fairfield County Bank brand with our partner companies. To achieve this goal Fairfield County Bank Insurance Services, LLC, became the new name of Carnall Insurance, Inc. The Fairfield County brand is also visible in Fairfield County Financial Services, which offers access to investments through Infinex Investments, Inc. At the same time all branch offices in all markets were redressed with the consistent use of Fairfield County Bank signs.
Fairfield County Bank, Directors, Officers, and Employees remain steadfast in our principal that exceptional service produces consistent success. We put our customers first, and we have seen the value of this approach very clearly in recent years.
We received several awards and acknowledgements for our commitments to serving our customers and fulfilling our role as a good corporate citizen among them are;
SBA 2009 Eagle Award for Leadership in Business Lending
Commercial Record Best of 2009 GOLD for Best Community Bank
Stamford Chamber of Commerce- 2009 Best Company.
In 2009 the bank donated over $500,000 to non-profit and civic organizations in the communities we serve.
We have a strong executive management team and have recently realigned our organization through strategic deployment of the members of this team to provide enhanced value to our customers. In December 2009 David Schneider assumed the role of President of Fairfield County Bank and will continue as the Chief Financial Officer. Dan Berta was appointed Chief Operating Officer. Gary C. Smith will continue in his leadership role as Chief Executive Office. This change is the result of the Bank’s steady growth over the past years, preparing the organization for the next generation of executive leadership.
We look forward to 2010, we can state with certainty that we are prepared to meet the continuing challenges that face our customers, our marketplace, our industry and our nation. We have a proven business model and track record of success through good and bad times. We are proud to have loyal customers who are the motivation behind our efforts.
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