Offering IRAs

​John

We haven't much success in using IRA's to drive business in any of our markets. There are numerous other alternatives that offer a wider range of investment alternatives that we can't compete with since we don't offer a investments within our bank.

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Andrew Hancock
Regional President
FirstBank
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Original Message:
Sent: 04-24-2018 17:47
From: John Haglund
Subject: Offering IRAs

This may seem like an overly simple question, but we're a pretty simple institution, plus I'm new to the banking industry.  I also realize we're about 2 weeks late in terms of optimally timing our entering this market.

What is involved in offering IRAs?  What has your experience been in using IRA's as a tool for attracting new depositors?

Thanks in advance.

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John Haglund
Controller
Liberty Bank, Inc.
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