John Perley, President of Champlain National Bank;
Our discussions got off to an optimistic start as John Perley
enthusiasm about his
bank's performance in 2000.Champlain Nation Bank
remains the only independent, community owned financial institution in this service area."We pride ourselves in providing highly responsive service to our communities," John
explained."The market area has reacted very positively to our ability to make quick decisions at the local level." CNB's
total resources were higher in 2000, fueled in part by significant deposit growth throughout the year.Loans, which John
called the bank's "most important asset" rose significantly.Commercial loans to area businesses led the way, followed by residential mortgages and home equity loans.
The year 2000 saw the growth of CNB's Route 3 Plattsburgh branch."We are promoting this location as a financial center, in that we have allied ourselves with Northern Insuring Agency Inc. and Invest Financial Corporation
to provide our customers with insurance and investment products in addition to banking services," John
detailed.The addition of a U.S. Postal Service outlet at the Route 3 branch location in late 2000 also proved to be a draw.
"Our cost of livingcompares favorablywith other areas."...Wayne Glass
"No boom, no bust," John Perley