ShoreBank Keeps Your Money Safe
by Jean on September 26th, 2008
Since I last posted on this blog, the financial markets have continued to boil over with uncertainty over the evolving mortgage crisis. Average consumers are confused about whether their money is safe and how to know if their financial institution is safe. Despite the uncertainty in the overall market, ShoreBank is profitable, strong and growing. ShoreBank is well capitalized and a careful manager of its loan portfolios. Your deposit in ShoreBank is safe, secure and earning a market rate of interest.
The highest priority for ShoreBank is investing in local residents and their communities. We make loans that borrowers can afford that help them buy and rehab homes, apartment buildings and run businesses. ShoreBank has not engaged in predatory lending and has not invested in the so called “toxic” investments that are causing so much concern.
ShoreBank is currently focused on making Rescue Mortgages that refinance individuals that are trapped in predatory mortgage loans. We have found that many good hard working people who got caught in adjustable rate mortgages can lower their monthly payments with a ShoreBank 30 year fixed rate mortgage. Deposits like the High Yield Savings Account at ShoreBank help us to continue our lending. We thank you for being our customer and promise to continue to be a good steward of your deposits.
Tags: community development, FDIC, green banking, high yield savings, Rescue Loan program, ShoreBank, triple bottom line
