How We're Protecting Your Deposits
Posted On: March 15, 2023 by Prevail Bank in: Banking, Community
How We're Protecting Your Deposits
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In response to the failure of Silicon Valley Bank, Prevail Bank’s President and CEO Nathan Quinnell assured, “Prevail Bank is a very well capitalized and diversified bank with very little ties to risky industries like Silicon Valley Bank had with technology companies. We invest many of our deposits into local businesses, home loans, and government guaranteed investments. Our customers’ deposits are FDIC insured and if they...
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