Dear Woodforest Customers,
It’s been a crazy week in the banking world. On Friday, we saw the failure of Silicon Valley Bank followed by the failure of Signature Bank on Sunday. In response, the Federal Reserve stepped in with a new banking loan program, and the FDIC stepped up to guarantee all deposits. Unfortunately, in the minds of many Americans, confidence in the Banking industry was dealt a blow. In the real-time media world we live in today, isolated incidents can be made to appear as a pandemic. These two banks were unique, and their failures do not indicate severe problems in the banking industry. Banks across the country remain well-capitalized and financially strong, and Woodforest stands among the best.
Woodforest National Bank’s Board and Executive Leadership want you to know that safety, soundness, and prudent risk management remain our top priorities. We also want to share a few additional facts about Woodforest that set us apart:
For over forty years, Woodforest National Bank has guarded your deposits and investments with the utmost care. We stand strong, secure, and ready to serve your needs. We are honored that you choose to bank with us, and we are proud to be your community bank.
© 2023 Woodforest National Bank
Member FDIC | Equal Housing Lender
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