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Reflections from a Community Bank President: What Happened at Silicon Valley Bank and Why Your Money is Safe with Us

Posted March 16, 2023

A Note from President Jerry Weininger
I am sure many of you have read the headlines or heard the news of the Silicon Valley Bank and the impact it has had on the banking system. Major news outlets have been flushed with commentators placing blame, giving theories on what’s next, and generally creating panic among the masses. If my 49 years in the banking industry have taught me anything, it is the importance of keeping calm and using reason during times of panic. As your local community bank, it is our duty to provide our customers and shareholders with the necessary information to make informed decisions and bring that sense of calm to the situation.

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