This past week, a series of unique events led to the regulatory takeover of two large and highly specialized financial institutions. As you continue to learn more regarding this news, you may have questions about the U.S. financial system and the security of your deposits. We want to assure you that as your community bank, our capacity to serve you remains strong.
Traditions Bank serves a wide array of retail and business customers across many industries in our local markets. This diversity eliminates the concentration risk experienced by the affected banks.
Our bank is well-capitalized. Further, we have access to ample liquidity. These conditions ensure that we have abundant resources to fund our operations. This allows us to remain stable and resilient amid uncertain economic conditions.
We help customers understand FDIC insurance and optimize the available coverage for deposit accounts.
If you have questions or concerns, please reach out to your branch manager or relationship manager. Our team is here to help you with your banking needs and provide any additional support.
Thank you for being a Traditions Bank customer and for your ongoing trust in us,
Eugene Draganosky, CEO