Your Strong Community Bank for 116 years 

 

 

In light of recent headlines regarding the failure of Silicon Valley Bank and Signature Bank some of our customers may express concern their deposits may be at risk. It is important to understand that both of these banks had high risk profiles with Silicon Valley catering to high tech startups and the venture capital firms that funded them and Signature having significant exposure to cryptocurrency firms.

Profile Bank is well capitalized with twice the level of required capital and no risky loans or investments on our books. In our 116-year history we have maintained a conservative risk profile, utilizing our diverse deposit base to make loans to local individuals and businesses in the communities we serve.

 

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