Mr. McGurk: Just this morning I attended a seminar with about 15 other bank CEOs and with the Commissioner of Banks and the Connecticut Banker's Association. Rockville Bank is 150 years old. We are a community bank. I've been with the bank since 1980, when it was at about 90 million in assets. Now we are at about 1.6 billion. Our foundation has been superior customer service. We are not in the big cities.
TWST: I am in Orlando.
Mr. McGurk: Orlando, that's a big city. Rockville is not. We are definitely in the suburbs. The largest populated town is probably about 50,000. We have branches in two towns of about 50,000. I know almost every banker in Connecticut - it's a small state - and community banks are doing very well. The competitive landscape is tough among the community banks. Deposits are not a problem. Getting good quality loans has been a bit of a challenge. We have had very good asset quality. One of the steps we took recently was to reassign three people into a special assets group. Delinquencies have gone up just a little bit. We currently have two properties in foreclosure, and we have a few more in the pipeline. In 2008 we had 48 that went legal, but after you send them to an attorney, they usually find the money. We have 21.5 branches. Two weeks ago we opened a branch in a local high school, so that's the half.
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