Pub 8 2020 Issue 4


Executive Director’s Report

Happy new year, 2021. Thank goodness the calendar has flipped over, and thank goodness for new beginnings.
What a wild and strange year 2020 was. We experienced a global pandemic and associated travel restrictions, unprecedented federal economic stimulus programs, lobby closures, wildfires, a presidential election, and high national unemployment. To say the least, the outgoing year was challenging both professionally and personally for each of us.


President’s Address

To say 2020 was a tumultuous year would be the understatement of the century. For bankers, it was an interesting year, to say the least. Most of us were flooded with the liquidity we desperately lacked just a few months prior. Real estate departments and title companies have wilted under the weight of non-stop re-finances and purchase money loans as real estate continued to trade at unprecedented levels. Interest rates hit rock bottom, and we are facing management decisions covering unfamiliar topics. Interesting times, indeed.