Safe and Secure with Solvay Bank
03/13/2023
Solvay Bank understands there are concerns surrounding the recent bank failures and we are here to answer any questions you may have regarding the incidents, your banking relationships, and why we are different. Your hard-earned deposits remain safe and secure with Solvay Bank. As a longstanding, FDIC-Insured bank, we can confidently assure you that we remain strong and well positioned to service you and your businesses long into the future.
What Makes Us Different
Solvay Bank is a conservatively run, well-diversified community bank with solid performance history. Our business model is vastly different than the banks that failed. Our conservative model positions us to successfully navigate through high-risk events and economic cycles, as it has proved in year’s past. We have a diverse customer base, while the failed banks served a very specific, more volatile niche of businesses including venture capital and cryptocurrency companies. Solvay Bank is routinely examined to ensure financial soundness and is well capitalized to serve you with strong liquidity and asset quality.
Over a Century of Relationship-Based Banking
At Solvay Bank, we pride ourselves on our relationship-based community bank model. We know our customers, your businesses, and our community members. We have done business in our local communities for more than 106 years, and strongly believe in supporting customer success and investing back into our local neighborhoods.
Our Commitment to our Customers
As always, we are here for you. Please don’t hesitate to reach out with questions or stop into any of our 9 branches.