Ribbon Cutting and Open House of New Operations

Mifflinburg-Mifflinburg Bank & Trust Company hosted an Open House on October 28th for customers and the community to get a first hand look at their new Operations Center at 250 East Chestnut Street, Mifflinburg. A ribbon cutting ceremony with the Greater Susquehanna Valley Chamber of Commerce preceded the event. The renovated building was the former John Wilcox Lanes Bowling Ally. The new facility provides additional office space for Mifflinburg Bank’s operations staff and equipment to process loan and deposit transactions. The relocation of the Financial Services Group to the new facility gives better public visibility to trust, insurance and broker services. “The new Operations Center’s close proximity to our headquarters will allow Mifflinburg Bank & Trust to grow efficiently into new market areas while maintaining the same high level of service to our customers, shareholders and communities” stated Jeff Kapsar, President & CEO. Mifflinburg Bank & Trust has offices located in Mifflinburg, Lewisburg, Millheim, New Berlin and Selinsgrove.

President Receives Diploma From Graduate School of Banking

Jeffrey Kapsar, President & CEO of Mifflinburg Bank & Trust received his diploma from the prestigious Graduate School of Banking, University of Wisconsin-Madison on August 21, 2009, at the 65th annual commencement ceremony.

The school is sponsored by the University of Wisconsin-Madison and the Central States Conference of Bankers Associations, a group of 18 organizations which includes the Pennsylvania Bankers Association.  It was established in 1945 to provide bankers with an opportunity for advanced study and research in banking, economics and leadership.  Instruction at the Graduate School of Banking takes place during two-week resident sessions for three consecutive summers, along with comprehensive study between summer resident sessions.  The curriculum focuses on the management of strategic issues faced by banking executives and financial services industry professionals.

The Graduate School of Banking enrolls approximately 550 U.S. and international professionals each year.  Over 75 esteemed academicians, economists, government officials, and industry professionals comprise the school's facultty.

Mifflinburg Bank & Trust Company Wins OMNI Award

Metavante Banking Solutions, the leading provider of bank automation and compliance, has recognized Mifflinburg Bank & Trust Company as a 2009 Showcase Bank in Automation. As a Showcase Bank, Mifflinburg Bank & Trust received the prestigious OMNI, an award presented at the FURST CEO Network held annually in Orlando, Florida. Mifflinburg Bank & Trust President & CEO, Jeffrey Kapsar, accepted the OMNI award on behalf of the bank.  Mr. Kapsar stated “the OMNI was unexpected but greatly appreciated and reflects a team effort on the part of all Mifflinburg Bank & Trust employees working together and utilizing the efficiencies developed by our information technology and management teams.” The coveted OMNI, presented to select banks since 1998, recognizes and honors banks that are leaders in the effective and innovative use of technology to meet their business objectives. “We searched all over the world to capture a symbol of excellence that would honor our most esteemed customers – banks that are pioneers of technology and leaders in their markets,” says Rachel Landrum, president of Metavante Banking Solutions - Bankway. “The OMNI definitely captures that symbol.” Metavante awarded the OMNI to Mifflinburg Bank & Trust for its commitment to banking excellence. As a top-performing institution, Mifflinburg Bank & Trust is recognized for demonstrating the dedication and courage that has helped the bank win in today’s dynamic and competitive marketplace. Mifflinburg Bancorp, Inc. offers specialized financial services in commercial banking, private banking, wealth management, trust and residential mortgages. An integral part of Mifflinburg Bancorp, Inc., Mifflinburg Bank & Trust Company is a locally owned community bank totaling $275 million in assets and has a 137 year history of serving Mifflinburg and the surrounding communities.  

President's Statement of Financial Strength

September 29, 2008

Dear Valued Customer:

In response to the recent financial issues facing the nation I would like to assure you that Mifflinburg Bank & Trust is one of the strongest banks in the nation.  We continue to grow stronger following the same sound and conservative principles used throughout our 136 years of existence.  Additionally, the fact is that the majority of banks in the United States remain financially sound.

Please take comfort in knowing that your assets are safe with Mifflinburg Bank & Trust based upon the following facts:

• Our capital ratios continue to exceed peer averages at regional and national levels.  Capital demonstrates the primary strength of a company.
• Earnings and asset growth remain strong.
• We do not engage in sub-prime lending and our loan delinquency rate is below peer averages, demonstrating high-quality loans.
• We do not invest in bank stocks such as Fannie Mae or Freddie Mac and therefore, have not realized losses due to their decrease in value.
• We do not deal with or hold investments in Merrill Lynch, Lehman Brothers, Washington Mutual, AIG or any other large investment bank.

Mifflinburg Bank & Trust is committed to you-our customer.  We take pride in knowing that we are a successful organization because of our conservative fundamentals which have instilled your trust in us.

Sincerely,

Jeffrey J. Kapsar
President & CEO

Temporary Liquidity Guarantee Program

Mifflinburg Bank & Trust is participating in the FDIC’s Transaction Account Guarantee Program.  Under that program, through December 31, 2009, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.  The Transaction Account Guarantee Program also covers Negotiable Order of Withdrawal (NOW) accounts that pay an interest rate of .50% or less (considered to be non-interest bearing transaction accounts under this program), and Interest on Lawyers Trust Accounts (IOLTA).