We have prepared this Year 2000 Readiness Disclosure to keep you informed on our plans to address the Year 2000 issue, also referred to as Y2K. Your Future. When computers were first being developed in the sixties, memory was costly and scarce. To save enormous sums of money and two precious bytes of memory, programmers used a two-digit year instead of the standard four. The Year 2000 issue is simply the ability of a computer system and its software to understand and manage any constraints around this date change. Bank and savings institutions are required by federal regulators to have plans in place to get their systems Y2K ready.
Banks have decades of experience in back-up planning.
Following unexpected events such as floods, tornadoes or fires, banks are often the first to be up and running. Y2K is an expected event and contingency plans will be in place for all systems as needed. We have identified and tested all mission critical systems, from computers to security systems. We are prepared to deal with any issue that may impair our operation. Your daily banking routine generally should not be affected.