On October 28, Traditions Bank celebrated 15 years of steady growth and is on target for 12 straight years of profitability. As we mark our anniversary and close the books on our most profitable quarter-to-date, we can confidently state that our success is a result of remaining true to our Vision, Mission, and Core Values.
In contrast to our positive long-term performance, many financial institutions across the country have succumbed to regulatory burdens, margin compression, credit quality issues, ineffective succession planning, and other debilitating conditions. Since our inception in 2002, the number of banks in the United States and Pennsylvania has declined through a combination of mergers and outright failures by 38 and 45 percent, respectively.
For Traditions Bank, profitable growth amidst a shrinking industry is the best way to maintain continued organizational vitality and increase Shareholder value. This assures continued positive impact for our hometown.
- We make an impact for our clients by helping them start or grow businesses, purchase or renovate homes, manage money, invest in their family’s futures, or simply gain confidence in their finances through our commitment to counseling and education.
- We make an impact for our community not only with our financial contributions (over $1.2 million since inception) but also by making a difference through our vast volunteerism. Our Associates take every opportunity to promote positive change in the York and Hanover areas … Because We Live Here Too®.
- And, we make an impact for our Associates, our most treasured resource, by sustaining our culture and providing fulfilling careers. Through continuous growth and development, our Associates strive to reach their fullest potential in service to others.
As you page through highlights of our 15-year history — from 13 Associates to 115, from one branch to five (soon to be six) plus a local Administrative Headquarters, from $0 in assets to approaching $440 million — we hope it’s clear that our goal has always been to be a true community partner and a Bank that values relationships over transactions.
While we take great pride in our history and appreciate the solid foundation that has been built, we’re not resting on our laurels! We look toward the future, motivated by the opportunity to continue to serve you when, where, and how you choose — offering the ever-changing technology you expect and the never — changing personal treatment you deserve.
Delivering on our Value Proposition to our clients, community, and Associates will yield strong value to all stakeholders in the next 15 years and beyond.
Thank you for the privilege to be your hometown bank,
President & CEO