First Sound Bank (fka FSWA)

[56Chevy]

"Our progress in restoring First Sound Bank to a strong financial condition is due to the efforts of a dedicated and determined staff and board of directors, our very loyal customers and shareholders, and the support we received from state and federal regulators," Fahey said.

"This achievement is a major milestone as First Sound Bank has moved from shrinking in size and resolving troubled assets to adding new customers and making new loans to local businesses." Reflecting on how some had written the Bank off 18 months ago, Fahey added, "We are grateful for the support we have had and look forward to contributing to the economic vitality of the region."

Mr. Fahey came out of retirement to help this small bank out of its darkest days and should be congratulated. He was the guiding force behind the wheel.

I'm sure this is a gratifying day for him and his team...well done FSWA!!

Next question in my mind is will the bank do a reverse split?