rate increase

​We haven't really tried to compete with the rates offered on the internet. We are having some success with promoting the security and stability of our brand and offering a rate that is competitive and in some cases slightly higher than free standing competitors in our market. We have also had good success in tying our ability to be a good steward in our markets (i.e. donations, sponsorships local bond purchases) with our ability to grow so supporting us with your deposits indirectly has a positive affect on your community.

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Andrew Hancock
Regional President
FirstBank
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Original Message:
Sent: 04-16-2018 11:54
From: Helen Chan DeFusco
Subject: rate increase

​I see some "Internet" banks (banks that have no physical presence in the markets we serve) offering some ridiculously high CD rates.  How can a small community bank compete with that?

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Helen Chan DeFusco
EVP & CFO
Metro Phoenix Bank
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