Statement from First National Bank LI
Dear Customers, Employees and the Communities We Serve,
At First National Bank LI, safety and soundness have always been and remain a top priority. We have consistently managed the Bank in a conservative manner and believe our approach provides the best opportunity for long-term success, enabling us to service our customers in good times and bad. Our model has worked for over 95 years and counting.
What we do:
• Know our customers; they are a diverse group of local businesses and consumers. Most have banked with us for many years because of our stability and solid reputation.
• Have a 95-year history of safety and soundness with historically low levels of problem loans, even throughout past periods of economic instability, including the Great Recession.
• Remain dedicated to a culture and reputation of strong credit quality.
• Maintain high levels of capital and appropriate loan loss reserves to offset potential losses.
• Monitor available sources of liquidity to meet the needs of our depositors and borrowers.
• Avoid exposure or association with cryptocurrency firms, venture capital and FinTech startups.
• Stay mindful of any emerging concentrations in loans and deposits, including uninsured deposits.
• Provide transparent disclosures in our public filings and commentary.
• Invest in helping our employees, customers and communities succeed.
Banking is a business of mutual trust. We trust our customers to manage their finances in a responsible manner. We believe we earned the trust of our customers by serving their financial needs through all business cycles. I, and the senior leadership team, stand ready to answer any of your questions. Thank you for your business and continued loyalty to First National Bank LI. We stand ready to support your banking needs. Go First. Go Far.
Sincerely,
Christopher Becker
President and Chief Executive Officer
At First National Bank LI, safety and soundness have always been and remain a top priority. We have consistently managed the Bank in a conservative manner and believe our approach provides the best opportunity for long-term success, enabling us to service our customers in good times and bad. Our model has worked for over 95 years and counting.
What we do:
• Know our customers; they are a diverse group of local businesses and consumers. Most have banked with us for many years because of our stability and solid reputation.
• Have a 95-year history of safety and soundness with historically low levels of problem loans, even throughout past periods of economic instability, including the Great Recession.
• Remain dedicated to a culture and reputation of strong credit quality.
• Maintain high levels of capital and appropriate loan loss reserves to offset potential losses.
• Monitor available sources of liquidity to meet the needs of our depositors and borrowers.
• Avoid exposure or association with cryptocurrency firms, venture capital and FinTech startups.
• Stay mindful of any emerging concentrations in loans and deposits, including uninsured deposits.
• Provide transparent disclosures in our public filings and commentary.
• Invest in helping our employees, customers and communities succeed.
Banking is a business of mutual trust. We trust our customers to manage their finances in a responsible manner. We believe we earned the trust of our customers by serving their financial needs through all business cycles. I, and the senior leadership team, stand ready to answer any of your questions. Thank you for your business and continued loyalty to First National Bank LI. We stand ready to support your banking needs. Go First. Go Far.
Sincerely,
Christopher Becker
President and Chief Executive Officer