Re: Failures Friday of SVB (Silicon Valley Bank) and Signature Bank in New York
- As a community bank, Park State Bank & Trust remains well-capitalized and stronger than we have ever been, serving you and our community since 1965.
- As a community bank, we take pride in our relationships with our customers and community. As I have said many times, the health of the bank is directly tied to the health of our community and you, our customers.
- None of our customers have ever lost a dime of their FDIC-insured deposits, up to $250,000.
For those customers who have questions, we are prepared to assist you in identifying whether additional insurance coverage is necessary and ensuring your deposit needs are met. The FDIC Deposit Insurance Fund comes from assessments that banks pay, not from taxpayers.
Do not hesitate to contact me on my cell phone at 719.433.4055, if you would like to discuss this, as I do not want you to worry about the safety of your money and our community bank.
Tony L. Perry