A Message from the President
Jay S. Gibson, President and CEO
Dear Friends and Neighbors,
Welcome to the Piscataqua Savings Bank web site.
I'm proud to report that 2008 was a very positive year for Piscataqua Savings. Our continued success stems from our commitment to remain true to our founding principles of responsible lending practices and a conservative approach to investments.
We had no foreclosures. We had
no investments in the securities
portfolio that were considered
impaired or had to be charged off.
And, we experienced the greatest deposit growth in history.
Our single location and small, dedicated staff have been keys to controlling overhead, maintaining efficiency, and offering a very personal banking experience.
Piscataqua Savings Bank is mutually owned so we operate without shareholders, which allows us to maintain a longer-term vision for the benefit of our customers, and the community we serve. Our first priority is—and always has been—you, our customers. We ensure that you can pick up the phone and get things done locally with people who are dedicated to serving you and who can make quick decisions on your behalf.
Our trustees and corporators are your friends and neighbors and are charged with establishing Bank policies in accord with local interests. This commitment to remaining an independent mutually owned bank has been, and will always be, preserved for the benefit of the people we serve.
The way in which all businesses, government, and individuals respond now to current financial and economic circumstances will set the stage for the future. My goal is to ensure the long-term viability of this valued institution, to preserve the workplace, and to sustain the unique and personal relationship that our customers enjoy from working with our experienced and dedicated team.
As always, if you have suggestions, questions, or concerns, please give me a call, send me an email, or stop by my office.
Sincerely,
Jay S. Gibson
President/CEO/Secretary
jgibson@piscataqua.com
603.436.5250
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