A Letter From Our President

To Our Shareholders and Friends,

I am pleased to report that 2018 was a record year for our Bank.  Earnings of $8.8MM produced earnings per share of $2.42 and a ROA of 1.08%.  Asset quality is strong and our reserves (capital) are solid.

Competition seems to be everywhere physically and on-line.  Due to the commitment and loyalty of our shareholders, customers, directors, and staff, we continue to provide a stable return along with a consistent dividend.

I believe the opportunities for our Bank to meet the challenges of the future are linked directly to the quality service and caring culture of our entire Bank Team.  We are blessed to live and work in vibrant communities with stable economies.  We enjoy giving back so that many will experience the joyous feeling of happiness and hope.

We want to keep your money safe and help you achieve your financial goals.  This is what our founders believed in and we are fortunate to continue this legacy. 

Thank you for your continued support and encouragement as we look forward to remaining your bank of choice.  On behalf of the entire AuburnBank Team, I hope you have a successful and productive 2019.
 

Robert Dumas
Robert W. Dumas
Chairman, President and CEO
AuburnBank and ANBC


 

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