Once inaugurated, the nation’s new President will face a multitude of challenges, some of which developed following his being elected what will be our 44th United States President. The economy, energy, housing, infrastructure, foreign policy, the Iraq war and much more all require critical attention. Irrespective of our personal political perspectives, the time is now for all of us to do our part in supporting the incoming administration in an effort to make substantive progress on the challenges facing our nation.

As you are aware, the banking industry faced a very difficult year in 2008, with significant obstacles ahead in 2009. The New Hampshire banking industry will need to remain diligent and continue to provide clear messaging concerning our relative strengths, contrary to the much publicized banking failures of IndyMac Bank, Washington Mutual, and several others. Given the actions of the minority, there will likely be significant political pressure to add further oversight and regulatory burden to our already highly regulated industry, at both the state and federal levels. Our legislative agenda must focus on educating our elected officials on what it is we do, why we are different, and how we are currently fully regulated. I am confident we will survive the “rush to fix” mentality that often occurs following a period of such negative industry news.

At Centrix Bank, we are very fortunate to enter this “cycle” of recessionary factors in a favorable position. During this challenging economic environment, we are increasing our communications and working with our customers in a manner that is mutually beneficial. If you are not presently our customer, I invite you to contact me to discuss how we can meet your business banking requirements.

Thank you for visiting our website! As always, I can be reached at 603-606-4700 or by email at jreilly@centrixbank.com and welcome your thoughts.