Press Release


Dear Shareholders and Friends:

The first quarter of 2008 was another period of growth and increased profits for Integrity Bank. So if you want bad news … stop reading this letter and go listen to the media or some politician.

In spite of a difficult economic environment, Integrity again showed the supremacy of our banking model. Total assets increased 14% to $320 million, while loans grew 21% to $293 million. Most importantly, net income was up 13% to $457,000. We are proud to have this level of performance.

During the first quarter, the Federal Reserve Board cut the Federal Funds rate by 175 basis points to support the sub prime market and some of the investment houses. This greatly reduced our interest income. Our experienced management team responded to this challenge and successfully mitigated the effect of these rate reductions by increasing revenue in other areas and decreasing costs. I am pleased to report that Integrity Bank ended the first quarter ahead of budget.

The view that Central Pennsylvania is the last in and first out of an economic downturn may be true. We have already seen an increasing trend in the number of homes sold in the last six weeks which has not yet happened in some areas of the country. Since Integrity Bank was never involved in sub prime lending, we can focus our efforts on the profitable growth potential in our market instead of the costly damage control many banks are facing.

Our branches are extremely busy with new customers opening accounts and settling loans. The people and business owners in our community consistently choose More…Faster…Better banking. Thanks to many of you who have accounts with Integrity; and for everyone else, you deserve a better bank.

We are excited about our first quarter performance and thrilled with what we see for the rest of 2008 and beyond.



James T. Gibson


Press Releases

August edition of the ABA Banking Journal

ABA Article (PDF)....(8/3/12)

Third Quarter Report (PDF)....(10/28/11)

Second Quarter Report (PDF)....(7/27/11)

Integrity Bank Dividend....(5/24/11)

Integrity Bank Earning Release....(5/23/11)

First Quarter Report (PDF)....(5/18/11)

Letter From The President (PDF)....(5/18/11)

Integrity Bank reports 11% increase in earnings....(7/19/10)

Integrity Bank Reports Record Earnings for 2009....(12/31/09)

Letter to Shareholders...3rd Quarter 2009....(10/14/09)

Integrity Bank Announces Expansion into Lancaster....(9/23/09)

Integrity Bancshares, Inc. Holds Investor Meeting....(9/23/09)

Integrity Bancshares reports 21% increase in profits....(6/30/09)

Integrity Bancshares, Inc. Reports 35% Growth in Assets....(4/7/09)

Integrity Bank declares 5% Stock Dividend....(3/3/09)

Letter to Shareholders ...4th Quarter 2008....(2/10/09)

Letter to Shareholders ...3rd Quarter 2008....(11/7/08)

Letter to Shareholders ...2nd Quarter 2008....(7/21/08)

Letter to Shareholders ...1st Quarter 2008....(5/12/08)

Letter to Shareholders ...Integrity Bank is one great company....(2/19/08)

Integrity Bank Earnings Up 25%....(12/31/07)

Letter to Shareholders ...3rd Quarter 2007....(10/22/07)

Letter to Shareholders ...1st Quarter 2007....(5/11/07)

Integrity Bank Earnings Up 25%....(12/31/06)

Letter to Shareholders....What an amazing first nine months of 2006....(11/8/06)

Letter to Shareholders and Friends of Integrity Bank from Jim Gibson....(7/25/06)

Integrity Bank Reports 22% Rise in Income.....(3/31/06)

The numbers speak for themselves...(1/23/06)

Integrity Bank……What a success story! The performance records for ...(10/11/05)

Letter to Shareholders and Friends of Integrity Bank from Jim Gibson...(7/12/05)

Letter to Shareholders...What a great year!..(3/22/05)

Integrity Bank Reports the Continuation of Unprecedented Growth... (1/15/04)

Integrity Bank Announces Unprece- dented Growth at End of 1st Q (10/28/03)

Integrity Bank Announces “More. Faster. Better.” Banking (6/2/03)

Integrity Bank Introduces “Faster” Drive-Thru Banking (6/2/03)

The Launch of Integrity Bank (6/7/03)