CHAIRMAN & CEO’S Message
This past year challenged the entire banking industry as it faced a very dynamic economic environment brought on by rapidly rising interest rates and significant shifts in liquidity that exposed the weakest managed banks in the country. While no banks were immune from the negative shock to their income statement from these factors in 2023, our team was adept in managing these changes, leading to substantial loan growth and a renewed focus on core deposit strategies.
Thanks to a measured approach of maintaining a short-term focus on over half of our investment portfolio, we were able to continue our efforts to lend into the community in a thoughtful, prudent manner. This will, once again, lead to continued earnings growth for our company. Looking ahead, we’re filled with optimism and a strong sense of purpose. We are grateful for the opportunity to continue serving all our stakeholders with excellence and integrity.
Pat Corrigan Chairman & CEO
2 | ACCESSbank 2023 ANNUAL REPORT
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