Rondout Savings Bank is celebrating 140 years of excellence. Learn more from the President and CEO James F. Davenport.
This year Rondout Savings Bank is celebrating its 140th Anniversary. Founded in 1868 in the conservative tradition of safety for our depositors, Rondout Savings Bank today is stronger than ever.
Our balance sheet is rock solid with a peer-leading capital ratio of 12.9% as of December 31, 2007. We conservatively steered clear of sub-prime loans which leaves us with ample funds to loan to families and businesses in Kingston and surrounding communities. For a deeper and independent view of our financial strength, please go to www.FDIC.gov; our FDIC number is 15969. Or you can log onto www.bauerfinancial.com for further information.
The strength of our balance sheet is matched by the strength of our staff. Led by an experienced local team consisting of me, Ronald K. Myers, Scott Jordan, and Cheryl Bowers, we are uniquely positioned to continue our steady growth as we head toward our 150th year!
I am very proud of, and committed to, Rondout Savings Bank’s fiscally conservative traditions, our focus on innovation and technology, and our reputation for friendly, prompt and informed customer service.
Thank you for your business.
Sincerely,