Public Statements
To All Our Valued Passumpsic Bank Customers
I’m sure you’ve become aware of the recent failure of California’s Silicon Valley Bank, and you may be wondering about any potential impacts closer to home.
As the President of Passumpsic Bank, I wanted to share a few important points to keep in mind:
- Passumpsic Bank remains well capitalized and well positioned to serve our customers and communities without interruption. We’re a community bank with a 170 year history, which is a stark difference from what you saw in the news recently.
- Because we’re a community bank, you have access to our knowledgeable, experienced, and trustworthy team. We’re standing by ready to assist with any of your questions or concerns.
- Nobody has ever lost a dime of FDIC-insured deposits up to $250,000. If you are interested in additional insurance coverage, our team is happy to consult with you and guide you through that process if additional insurance is necessary. Additional information on FDIC coverage can be found at the links below, or you can speak with any Passumpsic Bank representative by phone or in branch anytime.
Understanding Deposit Insurance
https://www.fdic.gov/resources/deposit-insurance/understanding-deposit-insurance
FDIC Frequently Asked Questions
https://www.fdic.gov/resources/deposit-insurance/faq
FDIC Calculators
https://edie.fdic.gov
Jim Kisch
President, Passumpsic Bank