The Kensington Bank Fall Newsletter
I would like to begin with some REFLECTION.
To say 2020 has been a challenging year would be quite an understatement. The pandemic has affected all of us in one way or another. Perhaps you know individuals who experienced the virus, people whose business or job was impacted, or families whose children adapted to new learning conditions. We have all adjusted to new ways of life this year. At our bank, we worked closely with our employees and customers to make accommodations as needed. We were extremely busy with the PPP loans, funding almost $25 million in loans to eligible businesses. We were so happy to reopen our lobbies and return to face-to-face banking with our customers!
In good times and challenging times, I believe in the importance of GRATITUDE.
Even during the most difficult times, we can always find reasons for gratitude. I’m thankful we are in the Upper Midwest with our culture of helpfulness, strong work ethic and genuine appreciation for relationships. I’m grateful to be part of a strong community bank, where we can make our own decisions on how we can best serve our employees, customers, and communities. I’m grateful our bank invested in a robust digital banking platform which gives our customers great options to conduct their banking 24/7. We’ve seen tremendous increase in the usage of online and mobile banking this year. I’m grateful for our employees who focus on doing the right thing for our customers and our bank. I could continue with a long list of things for which I am grateful. It is energizing to see the goodness in people and strength in relationships during challenging times.
As we look ahead, it is important to PLAN for the future.
I encourage you to review your finances and look for opportunities to streamline and restructure. We’re here to help you! Mortgage rates are at historic lows, so it’s a great time to refinance your existing mortgage, or purchase or build a new home. If you have excess equity in your home, consider a home equity loan to consolidate your debt, finance home improvements and more. Maximize your use of tax-advantaged products like Health Savings Accounts (HSAs) and Individual Retirement Accounts (IRAs) to reduce your tax burden and save for the future. Simplify your life with our easy-to-use digital banking tools, including online and mobile options.
I invite you to think about things for which you are grateful.
It gives us a shift in perspective when we focus positive things in our lives. I encourage you to plan ahead for yourself, your family, and your business. We’re here to assist you with all your financial needs … and we want to remind you that we are very grateful for YOU!
– Dan Robertson, President & CEO