El Dorado Savings Bank opened for business in
Placerville in January of 1958 to offer competitive savings programs to local
residents while promoting home ownership through construction, purchase, and
refinance loans. As El Dorado expanded its operations over the years, the bank
remained faithful to these original principles by developing new loan and
savings products, while adding service delivery channels with ATM’s, telephone
banking, Internet Banking, and Mobile Banking.
The underlying commitment, although, that has distinguished El Dorado from the
competition during its 64 years, is the insistence of the Board of Directors
and management that each employee of the bank provides personal, efficient and
friendly service to all existing and prospective customers. The combination of
convenient branch locations, employees dedicated to customer service, and a
variety of products, services and delivery channels to meet the needs of our
diverse customers and communities, has allowed El Dorado Savings Bank to grow
its operations, while continually recording consistent growth and strong
In March of 2022, Bauer Financial Reports of Coral Gables, Florida, awarded El
Dorado Savings Bank its highest 5-star rating as one of the safest banks in the
U.S. for the 115th consecutive quarter dating back to 1993, and The Findley
Reports in May 2021 awarded El Dorado its “Premier Performance” rating.
El Dorado Savings Bank continues to exhibit a strong financial condition. As of
December 31, 2021, El Dorado had $2.843 billion in assets, $2.5 billion in
savings deposits, capital of $264.6 million, representing 9.31% of assets, and
after-tax income of $9.4 million for the year. The bank had liquidity of $694.4
million at December 31, 2021, and only 4 of the 4,430 loans serviced by El
Dorado were 60 days or more past due. In addition, El Dorado had no foreclosed
property on the books as of December 31, 2021.
On behalf of the management and employees of El Dorado Savings Bank, I hope you
will enjoy banking and investing with El Dorado through our convenient
telephone banking, ATM system, Internet Banking and Mobile Banking services. I
also invite you to drop by one of our convenient 35 offices to experience the
El Dorado Savings Bank commitment to excellent customer service.
John A. Cook
Chief Executive Officer