March 13, 2023
This past weekend, federal regulators seized the assets of Silicon Valley Bank and Signature Bank. In light of these events, we’d like to assure you that your deposits are safe, sound, and fully insured at bankESB.
As a strong local community bank, bankESB provides our customers the peace of mind that comes from knowing that every dollar you deposit with us is safe, secure, and 100% insured through the FDIC up to at least $250,000 and all deposits in excess of the FDIC insurance limit are insured by the Depositors Insurance Fund (DIF).
No depositor insured by both the FDIC and the DIF has ever lost a penny.
The safety of your funds is of utmost importance to us. Should you have any questions about the events of this weekend, please feel free to reach out to us anytime.
Thank you for your continued trust.