October 23, 2007
Venture Bank Announces Participation in
ICBA National Community Bank Mortgage Week
Visit Your Local Community Bank Nov. 5-9
Lacey, WA (Oct. 23, 2007) — Venture Bank announced it is participating in the Independent Community Bankers of America's (ICBA) National Community Bank Mortgage Week, Nov. 5-9. Nationwide, local community banks will review the mortgage documents of current homeowners, as well as discuss financing options with first-time homebuyers who see an opportunity to own their own home.
“We’re inviting local homeowners and first time homebuyers to come to Venture Bank, to let us review your loan documents and discuss financing options,” said Dave Cherry, senior vice president and mortgage manager.
“There is a lot of confusion about mortgages and home buying right now,” said Jim Arneson, president and CEO of Venture Bank. “Community banks want to help clear up some of that confusion. ICBA National Community Bank Mortgage Week is a great time for homeowners and prospective homebuyers to come into their local Venture Bank and discuss financing options.”
Mortgage holders can visit any Venture Bank for a review of their mortgage documents. As a community bank, Venture Bank wants to help the borrower understand what type of mortgage loan they have – if it’s fixed-rate or adjustable-rate – and if it is an ARM, when the next reset will occur. Community banks are placing a special focus on reaching out to borrowers who have mortgages with terms they don’t understand and wish to have explained by a loan officer they can trust, have an adjustable rate mortgage that is about to reset and need to discuss refinancing options or are considering making their first home purchase.
“Community banks are well run, highly capitalized and highly regulated institutions that are not generally experiencing the credit and funding problems we’re hearing about these days,” Arneson said. “We’re encouraging people to come talk to common sense lenders who have steadfastly observed quality underwriting and will help borrowers find a mortgage that is right for them.”
To find out more about Mortgage Week or to find your nearest Venture Bank financial center, visit www.venture-bank.com.
About Venture Bank
Venture Bank now has 18 financial centers with assets of over one billion dollars in four western Washington counties and offers a full spectrum of financial services including business lending, commercial, construction, residential and consumer lending, deposit products and other banking services. The bank also provides a broad range of investment services through its subsidiary Venture Wealth Management, Inc. Further information is available online at www.venture-bank.com.
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