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Newsletter October 06, 2008 This year has been as trying as any in recent history. The old saying, “when it rains, it pours” was more than just a metaphor. Record setting rainfall frustrated many farmers and lead to an uneasiness in the Ag market. The media attention to the troubled economy has lead to an uneasiness in the financial market. Not a day goes by that I don’t hear the question, “the bank is safe isn’t it?” Let me assure you that the Paris National Bank is as safe as it has ever been. While I won’t get into trying to explain the differences between the failed Investment Banks (which we aren’t) and the thriving community commercial banks (which we are), just know that we have prided ourselves on slow steady growth. This mantra has lead to stable loan and deposit growth without having to do anything risky or unnecessary. I understand everyone’s concern during these uneasy economic times. The stock market continues on its correction path, some banks are struggling due to poor decision making during a white hot economy, and the media continues to pour fuel on the fire of people’s fears. We have been here since 1865 and we plan to be for many, many years. If you have any questions about the bank or its stability, stop in. My door is always open, and you are always welcome.
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