Sonora, CA — Mother Lode Bank President and CEO Chuck Milazzo has announced that Mother Lode Bank has applied for “full service” status for its Murphys branch.
Currently the Murphys branch, the newest of the three Mother Lode Bank branches, has two loan officers and an ATM.
Milazzo says while these are unsettling times in the banking industry considering the current state of the economy, he is optimistic about future growth for his institution. Milazzo quickly adds that Mother Lode Bank has not been involved in the sub-prime loans that have decimated the industry.
Milazzo adds that his bank should know in 60-90 days if the application has been approved.
Written by Bill Johnson