The beginning of a new year is always a good time to look forward to exciting initiatives and fresh possibilities, while also reflecting on the prior 12 months. Our members benefited enormously from our low rates on mortgage loans and helped make 2012 our best year ever for mortgage originations. We also provided a record number of loans to our business banking members to help them grow their businesses and fund their commercial and multi-family real estate investments.
Additionally, our Wealth Management Division helped many of our members arrange their financial affairs and plan for their retirement. Our Private Bankers and Financial Advisors did such a good job for our members that they increased their borrowing and investments significantly over the last year.
2012 was also a great year for our community initiatives. As a board member of the Silicon Valley Leadership Group Foundation, I have been proud to witness the success of such exciting events as the first-ever Santa Claus run (attracting 2,700 runners) in support of San Jose’s Christmas in the Park. This heart-warming tradition, dear to many, had lost its city funding due to budget cuts and could not have continued without the help of the Silicon Valley Leadership Group Foundation.
And, looking ahead, just a few of the projects we will roll out in 2013 to improve your banking experience:
As you can see, there is much to embrace in the coming year! As always, I thank you for all of your support in 2012 and look forward to continuing to serve you, our members, in 2013.
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More than fifty years ago, forward-thinking high-tech employees at Fairchild Semiconductor knew there was a better way to bank.