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Mission Statement 

 

"TO SERVE, PRESERVE, AND PROMOTE
INDEPENDENT COMMUNITY BANKING!"

 

The Great Lakes Bankers Bank was founded in 1983 and was originally known as the Independent State Bank of Ohio (ISBO). Its purpose, and its mission statement, is to serve, preserve, and promote independent community banking.

What is a "Bankers Bank?"

A bankers bank is a commercial bank that is dedicated to providing correspondent services to community financial institutions. It is owned exclusively by the financial institutions with which it does business; however, stock ownership is not a requirement to taking advantage of its services. With the exception of bank officers, directors, and employees, bankers banks do not conduct business with the general public. It is an organization owned and controlled by community banks with its focus on providing quality correspondent services.

Advantages of using the Great Lakes Bankers Bank:

  • We offer many of the same quality services offered by a traditional correspondent - but do not directly compete with your customer base for any retail or commercial customer.

  • Our customers are not providing income to their direct or potential competitor.
  • We provide quality correspondent services in addition to introducing services previously unavailable to community banks.
  • Correspondent banking is not a sideline for us - it is our only business! Customers experience a superior degree of service at all levels of contact and interaction.

  • Since many customers are also shareholders, we are answerable to them not only as customers but also as investors. Superior products at competitive prices are the direct benefit for all of our customers.


We offer a full array of correspondent services and look forward to working with you. If you would like information on our various products, please contact us!

 

Copyright © 2003 Great Lakes Bankers Bank. All Rights Reserved