COMMUNITY BANCORP Published: 14 March 2023 Over the weekend Silicon Valley Bank in California and Signature Bank in New York were forced to close, the first major bank closures since 2020. This news is, of course, unsettling and leads to much speculation about the health of other banks and the banking system. Let me share the view from my desk.
• The US banking system is resilient and on a solid foundation, in large part due to reforms that were put into place following the last financial crisis.
• Community National Bank remains well capitalized, with capital levels exceeding regulatory requirements.
• We manage concentration risk, ensuring we are lending across a broad range of business types and industries. Many of our customers have banked with us for multiple generations.
• We manage our interest rate risk, modeling changes in the rate cycle and the impact to our bottom line.
• We manage our balance sheet, ensuring our assets and liabilities are well matched and that we have several options to bolster our liquidity if needed.
• We manage risk. Every. Single. Day. Our regulators hold us accountable.
• We've been in business since 1851 and expect to serve this community for generations to come.
• Our customers have access to us for assistance with any questions or concerns. We live in this community too. Our customers' success is our success.
This is a reminder that it matters where you bank. Bank with the people you know and trust, who you can talk to, who reinvest your deposits into loans to grow your community.
• The US banking system is resilient and on a solid foundation, in large part due to reforms that were put into place following the last financial crisis.
• Community National Bank remains well capitalized, with capital levels exceeding regulatory requirements.
• We manage concentration risk, ensuring we are lending across a broad range of business types and industries. Many of our customers have banked with us for multiple generations.
• We manage our interest rate risk, modeling changes in the rate cycle and the impact to our bottom line.
• We manage our balance sheet, ensuring our assets and liabilities are well matched and that we have several options to bolster our liquidity if needed.
• We manage risk. Every. Single. Day. Our regulators hold us accountable.
• We've been in business since 1851 and expect to serve this community for generations to come.
• Our customers have access to us for assistance with any questions or concerns. We live in this community too. Our customers' success is our success.
This is a reminder that it matters where you bank. Bank with the people you know and trust, who you can talk to, who reinvest your deposits into loans to grow your community.
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Community Bancorp. published this content on 14 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2023 14:45:21 UTC.
