Letter from our President

Fall 2011

Dear Friends and Customers:

In today’s environment, people are still looking for safety and relationships in their banking. The extreme volatility in today’s markets has made it a must. One day the DOW is up and the next day it is down.  A wise man once told me that sometimes it is not the return on principal, it is the return of principal that matters.  As we navigate through these difficult times, I look for safety in my investments and a banking relationship where I matter, not just my money.  That is why I think working with State Bank of Lizton, a company over 100 years old, makes good sense. 

In the past few years, deposits at State Bank of Lizton have grown dramatically.  As more and more consumers look for alternatives, solid community banks, like ours, have reaped the benefit.  With the partnership of Lizton Financial Services, State Bank of Lizton has been able to offer our customers other investment options in this low rate environment. Jake Girouard, our investment advisor, with his experience, continuing education requirements, and adherence to strict compliance guidelines, makes sure the risk profile of the investor matches the investment.  He has done that for me and he will do that for you.

I want you to know that WE’VE GOT SPIRIT!  We are proud to partner with Brownsburg High School to bring an exclusive, one-of-a-kind program Bulldog Banking – perfect for every Bulldog fan. You can show your team spirit your way with the exclusive Bulldog VISA debit card, checks and checkbook cover. Plus every time you use your Bulldog debit card, State Bank of Lizton will make a donation to Brownsburg High School.

With the growth in deposits that we have experienced, we have plenty of money to lend to individuals, small businesses, farms, and churches.  In my 33 years in banking, this is the lowest I have ever seen rates. In fact, our home equity line of credit (HELOC) rates are at the lowest level since the product has been in existence at State Bank of Lizton. It’s a great time to look at refinancing your mortgage or purchasing your first home or dream home. Apply here today.

Our goal is to be the best financial service provider and your trusted advisor. Our business is built on relationships, and the more we see you, the better we can help you with your total financial plan.  Stop by or call any of our 10 locations in Hendricks and Boone Counties.  
 
If you have a suggestion to help us improve your experience here, let us know. You can even call me directly at 317-858-6136.

Sincerely,

Leslie J. Mongell
President

Q: Is State Bank of Lizton stable and profitable?
A: Yes. State Bank of Lizton is an Indiana community bank founded in 1910 with a long history of stability. We take a conservative and community-minded approach to banking, and have an extremely strong capital position. State Bank of Lizton continues to maintain consistent financial performance during these trying financial times.

Q: How much of my deposits are insured?
A: The Federal Deposit Insurance Corporation (FDIC) basic insurance amount is $250,000 per depositor per insured bank through December 31, 2013. Certain retirement accounts, such as IRAs, are insured up to $250,000 per depositor per insured bank. You may qualify for more coverage at an insured bank if you have multiple deposit accounts. Please contact your State Bank of Lizton banker to answer questions about your particular circumstances.

Q: Does the FDIC have enough money to cover insured deposits?
A: The FDIC has over $50 billion in reserves. Insured deposits have been available to customers of failed banks within just a few days. Since the start of the FDIC in 1933, not one penny of insured deposits has ever been lost by a customer of a federally insured bank.

Q: Following the failure of the IndyMac Bank in California, I've heard rumors that more banks will fail. Is this true?
A: IndyMac is just one of over 8,000 FDIC insured banks operating throughout the country, and represents only 0.2 percent of the banking industry's assets. The overwhelming majority of banks in this country are safe and sound.

Q: Did State Bank of Lizton ever invest in sub-prime mortgages?
A: NO! We take the role of protecting our customers and their deposits very seriously. WE have never wavered from our traditional approach to residential mortgage lending, and have never engaged in any subprime lending.

Q: Do the current challenges facing FannieMae and FreddieMac impact State Bank of Lizton?
A: No. We support the Treasury Department's plan to assist FannieMae and FreddieMac and believe both institutions will be stronger in the years to come. State Bank of Lizton will continue to offer a full complement of mortgage products to help achieve the American dream of home ownership.

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