Complimentary Banking Newsletter Bank News Industry Insights & Info

Archive for February, 2012

Mississippi gets a green bank branch aiming to be LEED-certified

Posted by Jorja Marion On Feb - 28 - 2018


Another bank has launched a branch with the ambition to be LEED-certified. The Hernando Branch of Southern Bancorp has applied for and expects to receive a full LEED certification later this year. The following report was filed by a local newspaper:


LEED is the leading green building certification system, providing third-party verification that a building or community was designed and built using strategies intended to improve performance in metrics such as energy savings, water efficiency, carbon dioxide emissions reduction, improved indoor environmental quality and stewardship of resources and sensitivity to their impacts.


“We at Southern Bancorp are a little different,” said Donna Hart, branch manager. “We’re

First Colebrook Bank Locations

Posted by Jesse Shand On Feb - 28 - 2018

Find a list of all First Colebrook Bank locations in New Hampshire with the complete bank branch address for all four branch locations, the hours of operation and bank branch phone numbers.  Contact First Colebrook Bank to find the best bank rates in NH offered by First Colebrook as well as competitively priced CD rates, mortgage rates, savings rates and a host of other products and services available at the bank.  First Colebrook products are available through the bank branch network, with online banking and via telephone banking.

First Colebrook Bank Main Branch
132 Main Street
Colebrook, NH 03576
First Colebrook Bank Phone Number:
First Colebrook Bank Hours of Operation:
Monday-Wednesday 8:00am-4:00pm
Thursday-Friday 8:00am-5:00pm
Drive-up Hours:
Monday-Friday 8:00am-5:00pm
Saturday 9:00am-Noon

First Colebrook Bank Concord Branch
100 Loudon Road
Concord, NH 03301
First Colebrook Bank Phone Number:
First Colebrook Bank Hours of Operation:
Monday-Thursday 9:00am-5:00pm
Friday 9:00am-5:30pm
Drive-up Hours:
Monday-Thursday 8:00am-5:00pm
Friday 8:00am-5:30pm
Saturday 9:00am-Noon

First Colebrook Bank Amherst Branch
69 Route 101A
Amherst, NH 03031
First Colebrook Bank Phone Number:
First Colebrook Bank Hours of Operation:
Monday-Wednesday 9:00am-4:00pm
Thursday-Friday 9:00am-5:00pm
Saturday 9:00am-Noon
Drive-up Hours:
Monday-Wednesday 8:00am-5:00pm
Thursday-Friday 8:00am-6:00pm
Saturday 9:00am-Noon

First Colebrook Bank Portsmouth Branch
2400 Lafayette Road (Route 1)
Portsmouth, NH 03801
First Colebrook Bank Phone Number:
First Colebrook Bank Hours of Operation:
Monday-Thursday 8:30am-5:00pm
Friday 8:30am-6:00pm
Saturday 9:00am-1:00pm
Drive-up Hours:
Monday-Thursday 8:00am-5:00pm
Friday 8:00am-6:00pm
Saturday 9:00am-1:00pm

UK showing signs of economic recovery

Posted by Jesse Shand On Feb - 21 - 2018

The pound is trading 0.25% down against the Euro this morning but remains in the mid 1.58 area against the USD. Sterling has been benefitting from an improvement in risk appetite and some signs of an economic recovery in the UK although the poor Euro zone outlook has hindered sterling’s performance against it’s main trading partner. The market is now fully focused on the BoE minutes out on Wednesday, to seek further clues on UK monetary policy with some economists speculating that the pound could receive a boost if two or more members voted for less QE (money printing).

The single currency has made some small gains against the pound and an even larger one vs. the USD supported by speculation over the Greek debt deal. Fin

Release cash & choose your interest payments

Posted by Levi Dynon On Feb - 20 - 2018

Did you know that as an Age Partnership client you can access a unique interest-only lifetime mortgage?

With this flexible plan you can unlock a tax-free lump sum of money from your home and choose to pay as little or as much of the interest each month* its up to you.

Theres also a high cash release option so you could unlock more money than you thought!

And, as with all lifetime mortgages you maintain 100% home ownership and theres a no-negative equity guarantee.
By choosing to pay some or all of the interest you can reduce the impact it will have on the size of your estate over time. Plus, with this plan you could safeguard an inheritance at no additional cost.

The overall cost for comparison is 6.6% APR. If you choose the maximum cash release option the overall cost for comparison is 8.0% APR.

ASB Bank reports record $372m profit – up 31pc

Posted by Jorja Marion On Feb - 18 - 2018

A positive contribution from derivatives trading and a resilient economy helped drive ASB Bank’s first half statutory net profit to a record $372 million, up 31.3 per cent from the previous corresponding period, the bank said today.

The bank’s result for the six months to December 31 compared with a statutory net profit of $283 million in the year-ago period.

Contributing to the result was a period-on-period increase in after tax fair value gains from derivatives of $48m.
Excluding these movements from both periods, the bank’s statutory net profit would have grown by 12.9 per cent, it said.

Meanwhile ASB’s parent company, Commonwealth Bank of Australia, which has along with the other major banks attracted negative media attention for raising interest rates in the last few days, reported a statutory net profit of A$3.62b for the six months — up 19 per cent.

ASB chief executive, Barbara Chapman said ASB’s performance was influenced by a combination of factors, including healthy revenue growth and productivity gains.

“More broadly, the strong result should also be seen in the context of the current low credit growth environment, which has seen constrained growth in lending and balance sheet size,” Chapman said in a statement.

Contributing to the performance was a fall in impairment losses of 61.1 per cent compared to the same period last year, as a consequence of improving asset quality over all sectors, including business lending, Chapman said.

Another key factor was the ongoing trend among home owners to switch from fixed to floating rate home loans – with floating rate home loans now representing a significant part of ASB’s home loan portfolio.

In the six months since July 2011, there had been growth in business lending as the market shows indications of increased activity.