Banks are institutions that deal in money and its substitutes and provide other financial services. Banks make their money by accepting deposits and making loans and then derive a profit from the difference in the interest rates paid and charged. Banks are a necessary part of our economy. The primary function of banks is to put their account holders' money to use by lending it out to others who may then use it to buy a home, a business, or to send their kids to college.
Banks run on a certain amount of trust. If everyone withdrew their money at the same time, the bank would fail. In the event of a bank failure, your money is protected as long as the bank is insured by the Federal Deposit Insurance Corporation. A bank's success still lies in the confidence that customers have in the bank's ability to grow and protect their money. This is why it's so important that a bank gives consumers the perception of integrity. It's also why the banking industry is highly regulated by the government.
Jason Pednergist is a take-charge decision maker who uses the information at hand to think and plan for the future. At Luther Burbank Savings, manners matter and providing excellent service is imperative. He makes sure to always go above and beyond for each client. He believes in using a no-nonsense approach when it comes to banking. Customers rely on a bank to keep their financial future secure. That's why banks have to invoke trust.
Banks run on a certain amount of trust. If everyone withdrew their money at the same time, the bank would fail. In the event of a bank failure, your money is protected as long as the bank is insured by the Federal Deposit Insurance Corporation. A bank's success still lies in the confidence that customers have in the bank's ability to grow and protect their money. This is why it's so important that a bank gives consumers the perception of integrity. It's also why the banking industry is highly regulated by the government.
Jason Pednergist is a take-charge decision maker who uses the information at hand to think and plan for the future. At Luther Burbank Savings, manners matter and providing excellent service is imperative. He makes sure to always go above and beyond for each client. He believes in using a no-nonsense approach when it comes to banking. Customers rely on a bank to keep their financial future secure. That's why banks have to invoke trust.