DEAR SHAREHOLDERS:
When I reflect on 2024 for NWSB I am very proud of our employees, directors, customers and shareholders. We completed our first full year as a“ C” corporation which was a major change for our shareholders. I want to“ thank” our shareholders for their patience through this process and especially in bringing in our new transfer agent, ClearTrust.
I also want to welcome our new shareholders who came on board as we completed a capital raise this past fall. In less than 90 days we were able to raise over $ 10 million and also brought on approximately 60 new shareholders. This money raised will position the company for future opportunities that will continue to make our bank successful.
We also completed an upgrade to our digital platform. I appreciate our employees hard work on this project and our customers patience as we progressed through this.
Pat Daily
CEO NWSB
As for our directors, I want to recognize Greg Sherrard for his years of service to the bank and board. He made a tremendously positive impact on all those he engaged with. I would also like to extend a warm welcome to our newest director, Ryan Pennington. We look forward to the many contributions we know he will make to our company.
6 | 2024 NWSB Annual Report