Main Bank

8 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 1 planned for 2023. Other than that, there are no major technology upgrades planned, other than possible enhancements to online banking and making importing information quicker for employees. “I’m really happy with what we have right now, we just want to add a few more bells and whistles… I don’t think we’re really missing anything,” Shettlesworth reports, adding that although he is intrigued with some of the fintech solutions, there isn’t anything available which would offer a valuable upgrade for the bank. He suggests, “Since our model is to do loans exclusively in New Mexico, because we take our deposits from New Mexico and that’s our mission and our desire and our intent to benefit the community and benefit the state of New Mexico, we are going to put those deposits to work here. We don’t need to get too complicated. We tend to stick to the same four or five loan types, and rinse and repeat every day. I have not identified a fintech solution that’s going to speed up our offerings.” During its first 16 years, Main Bank has harnessed the fortune of good luck and smart planning to bring it to where it is today. Looking at what might come next, Shettlesworth, who has been with the bank from the beginning shares, “As bankers, you feel pressure to offer everything to everybody. If you get to a $2-3 billion organization, maybe you do need to materially expand your product offering, but for right now, we have so much growth opportunity in front of us that I don’t really see the need to do anything more than what we are currently doing, for a long time.” GO LOCAL Our community focus helps local businesses tackle large issues. www.Main.Bank Member FDIC When keeping up with demand. MA IN BANK