First County 165

Thursday Throwback – A Billion Dollar Bank

housechartAs our branch network continued to expand to serve customers, businesses and families throughout Fairfield County, we crossed a major threshold and became a billion-dollar bank in 2007.

And while First County Bank remained committed to stability and prudent growth, the industry was going through major changes including the introduction of “sub-prime” lending. Understanding the coming year would be financially challenging, the First County Bank team spent much of 2007 ensuring we were positioned to continue as a safe financial harbor for our customers.

As 2007 drew to a close and the mortgage industry went into freefall with the announcement that 20% of major lenders’ sub-prime mortgages had gone into default, at First County Bank we remained as we started – solid and stable, and well positioned for the financial storms to come.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own moments of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

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