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Description of Business
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Letchworth Independent Bancshares Corporation is a bank holding company
incorporated under the laws of the State of New York in 1981 (the "Company").
The Company has only one banking subsidiary, The Bank of Castile, a commercial
bank formed in 1869 and incorporated under the laws of the State of New York in
1917 (the "Bank"). The Bank is a full service, community-oriented, commercial
bank which offers a full range of commercial banking and consumer banking
services to businesses and individuals. During 1997, the Bank was approved by
its regulators to amend its charter to allow it to offer trust and investment
services.
Market Area
The Bank conducts its operations through its main office located in
Castile, New York, and at its ten(10) branch offices in towns situated in and
around the areas commonly known as the Letchworth State Park area and the
Genesee Valley region of New York State.
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