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President’s Message 2019

To The Members of Winter Hill Bank, FSB:

Sandra L. McGoldrick, President / CEO of Winter Hill Bank

Sandra L. McGoldrick

The Foundation and a Strategy for Success

2018 was another year of progress and preparation for the bank. Technology has become a constantly evolving phenomenon and its impact on the financial industry is creating new and exciting opportunities for both the bank and its customers. This year, we made significant strides keeping abreast of technology and taking advantage of all it has to offer. In doing so, our customers will benefit from the many various conveniences that technology has to offer.  At the same time, we met an even greater challenge as we successfully blended technology with our concept of exceptional personal service to all consumer and commercial customers in the communities we serve.

The bank’s 2019 Strategic Plan will guide and position us to handle what we believe will be a challenging year ahead however, with those challenges come opportunities, given our experienced and determined Management Team, we are ready for any challenges that lie ahead as well as ready to seize any opportunities. Although much has been accomplished this past year, the bank must continue to position itself for years to come and plan for future growth. We will complete this task by further developing our strategic plan and continuing to invest in technology and various distribution channels.  We remain increasingly confident about our economy and excited about the prospects for the bank’s growth in the years ahead.

A Solid Year

As we approach our 113th year in operation, it is a special pleasure for me to report that 2018 was yet another successful and solid year. We experienced growth in loans, deposits and earnings, and the bank’s capital continues to grow and the bank is considered “well capitalized” by regulatory standards.  Additionally, BauerFinancial a completely independent rating agency has consistently rated Winter Hill Bank, its highest rating of “5 Stars”.  BauerFinancial does not get paid to rate any institution, nor can any institution avoid its rating. Winter Hill Bank is pleased that we have exceeded the regulatory threshold of capital as well as received the highest rating from an independent rating agency.

In the midst of an expanding global economy, one community bank has emerged as the hometown financial resource of choice. The same local bank since 1906 that has continued to be a refreshing alternative to the regional Big Banks.  Throughout the years we have developed the necessary products and services for the complete range of needs of homeowners, individuals, families, real estate investors and small business owners.   And, it reaffirmed its core belief that at the end of the day, it is people and the relationships they develop that really make it work and that community bank is Winter Hill Bank.

In closing, on behalf of all of our dedicated staff banking professionals, I would like to personally thank you for the confidence you’ve shown in us by making Winter Hill Bank your Community Bank of choice. As a true community bank we will remain focused on delivering Exceptional Service…Without Exception and provide you with banking services and quality products to help you reach your financial goals. We are committed to exceeding your expectations and when you call us we answer the phone, and when you visit us we know you by name. This traditional approach combined with modern technology is the foundation for Winter Hill Bank for years to come.

Respectfully submitted,

Sandra L. McGoldrick