This July VIBRA Bank celebrated its second anniversary.  Hard to believe, right?  These past two years have been very successful and I want to start by expressing my gratitude to everyone who has helped us achieve this success. 

VIBRA Bank's second anniversary is marked by growth.  As I write this, we are completing the reporting and accounting for the second quarter 2010, and we continue to show strong results and positive trends.  Recently, there has been a lot of media about credit being tight, but Vibra Bank is a community bank that is actively lending, and the results speak for themselves. 

As of June 30, 2010 our loan portfolio grew to about $50 million.  That is $50 million that has been put to work in our market, providing economic stimulus, creating jobs, and funding investments vital to the economy.   Virtually every dollar of deposits we manage is put back to work in the form of loans.  Not every bank can say that.  So if you are banking with Vibra Bank, you can tell people that your bank is not part of the problem, but part of the solution.

That brings me to our customers whom I wish to thank for choosing VIBRA Bank as their financial partner.  Many of them are achieving success and growth themselves, and it is a privilege to be part of that.

My appreciation also extends to our excellent and dedicated staff, and our committed Board of Directors, all of whom share the vision of Vibra Bank and contribute to the value of what we are building.    Finally, to our shareholders, who saw the potential of Vibra Bank before there was a VIBRA Bank, and who now are some of our strongest ambassadors in the community.

We will continue to work hard for all of our stakeholders, and we are excited about our future.  If you know someone who isn't enjoying their banking relationship, tell them about Vibra Bank...they'll thank you for it.