SBA Announces Top Lenders

Reliabank was recently honored as a Breakthrough Lender of the Year by SBA (Small Business Administration).

Accepting the award on behalf of Reliabank is Gail Olson-Duck, Mortgage Lender and John Roers, VP of Reliabank in Hartford.

A New Chapter in Life

The month of May marks the end of another school year for many area youth, and also marks a new milestone for many High School seniors. Graduations abound the last few weeks of May, as seniors prepare to leave home and pursue a higher education, or enter the working world. At Reliabank we know how important it is to get that diploma in hand and step out into the “real world” – as your hometown community bank, you can rest assured that we'll be there every step of the way for you.

Our student checking account offers you no minimum balance, no monthly service charge, free photo ATM/Check Card and your checks are absolutely FREE! But we are much more than just free checking accounts..... we also offer free internet banking, so no matter where your college education or work takes you, you can do your banking 24/7 with Reliabank.

If you are looking for a safe, stable financial institution, you've come to the right place. Contact any of our bank locations to open an account today!

We look forward to helping you well into the future – and wherever your dreams may lead you.

Best of luck to you - the graduating class of 2009!

Markets Recover

I remain pretty confident that we will not retest lows or break through the floor set on March 9. Liquidity continues to return to the market slowly, and investors are cautiously buying more and more every week. Of course a lot is riding on the Treasury Department's public/private plan to unwind the toxic assets in the financial sector, and we will have to wait to see how that plays out in June. I remain very confident that we are seeing the recovery take shape right now and stocks will continue to move higher in the long term.

We may indeed see a bit of a pullback in certain stocks int he near future. Consider the fact that shares of both AIG and Bank of America have doubled in the last four weeks. While things are indeed looking up, gains like this cannot last considering the massive government influence over each stock and brutal balance sheets each has shown.

I remain of the opinion that the worst has been seen as banks are now raising capital without government assistance. I believe the economy will slowly turn to positive in the fourth quarter. Hang in there the volatility will continue.

Dustin Padgett, CFP
Branch Manager