Affinity Bank
FOR IMMEDIATE RELEASE
July 27, 2006
Affinity Bank Welcomes International Banking Executives
Ventura, CA – Affinity Bank recently welcomed a group of executives from the Japanese banking industry. The visit was prompted after president and CEO, Michael R. McGuire spoke to the annual Nikkin International Banking Conference last November in Tokyo to di scuss the value of community banking.
“While there are still some 250 community banks in Japan, they are increasingly dominated by the largest giants in their industry. They marvel at how we can remain competitive and relevant in face of competition from Bank of America, Wells-Fargo and the like,” said Mr. McGuire, “They are also amazed at the ability of community banks in the USA to remain prosperous and profitable. The operating efficiency, loan loss history and net interest margin we enjoy here in the US is the envy of the banking industry throughout the world. Part of this comes from the value we get from the FDIC which gives all US banks a more level playing field. Another significant factor is the productivity of America’s workforce. There is no question in my mind that the workforce in the US banking industry has the highest dedication to ethics, productivity, credit skills and overall job performance.”
Return to
Index
|
