Latest topics
» Interview w/ Classified Scientist Emery Smith - Deep Underground Bases & Examining ET Bodies
Today at 12:44 pm by Consciousness Of Economic

» Chemotherapy Fails Almost 97% of the Time Yet Doctors Still Recommend It, Why?
Today at 12:38 pm by Consciousness Of Economic

» Doctor says Flu shot design to cause cancer!
Today at 12:05 pm by Consciousness Of Economic

» FDA Declares Homeopathic Remedies ‘Illegal’
Today at 11:56 am by terbo56

» Cannabis May Lead To “Complete Remission” Of Crohn’s Disease, Says Study
Today at 11:41 am by PurpleSkyz

» They couldn't believe it was happening again...bigger than before!
Today at 11:38 am by PurpleSkyz

» Shocking New Study Shows Half of Cancer Patients are Killed by Chemotherapy, Not Cancer
Today at 11:36 am by Consciousness Of Economic

Today at 11:29 am by Consciousness Of Economic

» Thinking Out Loud…
Today at 9:45 am by PurpleSkyz

Today at 9:40 am by EL_O_EL

» NEW STUDY: Aluminum In Vaccines Unsafe
Today at 9:30 am by PurpleSkyz

» ‘King Kong’: Watch a 10-year-old blind pianist play Frank Zappa’s concert showstopper
Today at 9:11 am by PurpleSkyz

» Aug Tellez ~ Stargate to the Cosmos ~ Hosts Janet Dr Sasha REUPLOAD
Today at 9:05 am by PurpleSkyz

» Part 2: HRC Common Law Indictment: When Pigs FLY #LAWOFTHELAND
Today at 9:04 am by PurpleSkyz

» Kanye West Joins Trump Train
Today at 8:54 am by PurpleSkyz

» Gaia’s 2nd data release: 1.7 billion stars!
Today at 8:48 am by PurpleSkyz

» Generation X and the Tranny Transition
Today at 8:41 am by PurpleSkyz

» David Icke live in Maastricht - Programmed Perception and World Events as They Really Are
Today at 8:37 am by PurpleSkyz

» Falling UFO Recorded on Video During a UK Storm
Today at 8:23 am by PurpleSkyz

» Second Broward County Sheriff’s deputy dead, at 53
Today at 8:16 am by PurpleSkyz

» Elon Musk Launches New Project: I’m building a cyborg dragon’
Today at 8:14 am by PurpleSkyz

» We are having a spiritual experience
Today at 8:10 am by PurpleSkyz

» Yahweh The Man Who Summons UFOs In Public Directly
Today at 8:01 am by PurpleSkyz

» UFO News ~ UFO with impossible speed and agility over Area 51 filmed from plane plus MORE
Today at 7:58 am by PurpleSkyz

» FULL Benjamin Fulford 4-23-18
Today at 7:47 am by PurpleSkyz

» Q Anon Update April 25 - Iran Next
Today at 2:09 am by Serena1

» Plastic Free Boy
Yesterday at 10:36 pm by PurpleSkyz

» Something UNEXPLAINABLE is going on... Birds falling from the sky for starters
Yesterday at 10:34 pm by PurpleSkyz

» THIS HAPPENED ON OUR EARTH, 23-25 April 2018
Yesterday at 10:22 pm by PurpleSkyz

» Highlands, New Jersey- An Active Shooter Drill has been scheduled for some time in April 2018 for Henry Hudson Regional High School
Yesterday at 9:52 pm by WilliaminUSA

» RH- Blood Type ~ Why Johnny Depp, Paul McCartney And Leonardo DiCaprio Can Not Be Cloned
Yesterday at 9:21 pm by PurpleSkyz

Yesterday at 9:15 pm by PurpleSkyz

» The Ego - Friend or Obstacle?
Yesterday at 7:06 pm by PurpleSkyz


You are not connected. Please login or register

Out Of Mind » THE INSANITY OF REALITY » CABAL AGENDA & WORLD DOMINATION » Small town bank puts people before profits

Small town bank puts people before profits

Go down  Message [Page 1 of 1]

1 Small town bank puts people before profits on Wed May 16, 2012 5:21 pm



Small town bank puts people before profits

CBS News) CATTARAUGUS, N.Y. - We've been telling you a lot this week about trouble at the biggest bank in America. Now we thought we'd tell you about one of the smallest. It has just one office and no drive-up window. Its assets are about $14 million and its profits are barely enough to mention. But as CBS News correspondent Dean Reynolds reports, it's never been about making money -- it's about lending it.

In the rolling hills of western New York sits the former manufacturing hub of Cattaraugus. It is a place of 19th-century memories, but also 21st-century dreams, thanks in large part to the hometown bank and the man who runs it: Patrick J. Cullen.

"You gotta keep hope," said Cullen. "Hope is what's lacking in the world today."

FBI opens inquiry into JPMorgan's $2B loss
No sign of shareholder revolt against JPMorgan Chase CEO Jamie Dimon

It's no exaggeration to say that Cullen and his seven employees at the Bank of Cattaraugus have held this community together.

Patrick Cullen has ran the Bank of Cattaraugus for 30 years. (Credit: CBS News)
Walking with Cullen on a street, Reynolds said, "Up and down the street, do you see stuff you had a hand in?"

"Every door front," said Cullen.

"Pritchard's Hardware?"

"Oh, absolutely."

His methods might make some on Wall Street shudder.

Beth McIntyre recently moved here from North Carolina where she and her husband lost their jobs, and then their house to foreclosure. Cullen approved a home loan anyway.

Reynolds asked Beth: "No closing costs?"

"None," she said.

"Down payment?"


"Were you surprised?"

"I was really shocked. No other bank would give us a second chance."

Paul Macakanja was unemployed when he asked for a loan to open a diner, which the town badly needed.

"They allowed me to just make interest-only payments until the cash register started to ring, which I thought was awesome," he said.

In return for all of this, the bank gets a thriving village and the prospect of more customers. But big profits? Well -- after paying the bills and salaries -- not so much.

"You don't make a lot of money," Reynolds asked Cullen.

"Since I'm here at the bank, our average net income has been around $23,000," he said.

"$23,000 annually?"

"Yeah," he said.

Cullen's wife Joan and daughter Colleen work at the bank, too.

"You're not going to get big with only $23,000 a year as profit," Reynolds pointed out to Colleen.

"Well, our goal is not to make a ton of money. It's to help the local people," she said.

Her dad has run the bank for 30 years and remains unimpressed with the exotic financial engineering of bigger institutions.

"Do you do a lot of credit default swaps here?" Reynolds asked Cullen.

"I don't even know what that is," he answered.

He doesn't use credit scores either. He's more 'a look'em in the eye and shake their hands' kind of banker. And so far, so good. His bank hasn't lost money on a loan in the last 11 years.


I love hearing this after reading about so many corrupt banksters....


Wonder what they would do if some Dinarian came to town and deposited 50 or a 100 Mil. ?? Would be interesting to see.

'Tis better to be thought a fool,than to speak and remove all doubt.
     Love,Laughter & Prosperity...  :Santa 3: 


Wouldn't that be fantastic!!!!! I may even go to that town, open up an account and deposit a load of money after the RV! :D

5 Re: Small town bank puts people before profits on Sun May 20, 2012 10:54 am

Herb Lady

This post was such a relief from all of the bankster posts!

Thanks godsfool713!

Take care of the land and the animals and they will take care of you!

Come visit my site at:

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum