May 01, 2023
The news has been dominated by the failure of out-of-state financial institutions and the potential strain they may put on the American and global banking systems. When these stories make the news, the public wonders if the system, and their bank, is safe. Once these crises pass, regulatory responses to the irresponsible actions of the big banks often burden the banks doing things the right way.
This news does not represent Buckeye Community Bank or the banking industry as a whole. As Buckeye operates independently, with its own business model, risk management strategy and diversified clientele, we are not affected by any other bank.
Unlike these few bad actors, we put every effort into serving our local communities. Like other well-run community banks, Buckeye focuses on developing long-term local relationships with a personal approach. Our locally based leadership and board of directors take a very different approach to risk management than those that have been making headlines recently. Buckeye’s approach is more conservative, emphasizing safety and soundness instead of attempting to maximize profits through aggressive risk taking and chasing the latest trend.
Buckeye had another strong year despite the challenging landscape. We aim to continue serving our current clients while expanding our reach to new ones. We have invested significantly in products, people and technology while staying committed to our founding principles and disciplined approach.
We remain committed to local success and our bank’s important role in this community. We make a difference in the community through the work we do. I’m proud of the Buckeye team’s achievements during the challenges of the past few years.
In this issue, we highlight the team of Stewart’s TV & Appliance, a long-time fixture of the Elyria community. Ed, Nancy and Pam Stewart, the family’s second generation of leadership, know that success begins with the treatment of and response to the client’s needs.
We want to introduce you to our newest staff member Chris Pratt, Business Development Officer, who focuses on the connection between retail banking, business development and commercial lending. Chris brings extensive experience developing and implementing growth opportunities within and between organizations through the long-term value of clients and relationships.
Our guiding principle has remained consistent – providing access to financial resources and services to help local businesses thrive. As we look forward to the future, we remain confident, attentive, adaptable and disciplined.
We are passionate about what we do and care deeply about our responsibilities to the community. With deep gratitude and appreciation on behalf of our team, I express our sincere thanks and appreciation for your support.
