Monday, March 13, 2023
Dear River City Bank Stakeholders,
We know many of you are following the news regarding Silicon Valley Bank (CA) and Signature Bank (NY), and the concurrent response from federal and state regulators.
While we cannot comment on the specific challenges at these institutions, we want to assure you that our risk practices and industry exposures are in stark contrast to these two institutions. We are a community bank focusing on small businesses and diverse industries within the communities we serve. We have always prioritized safety and soundness, profitability, and growth in that order. Our risk management processes have resulted in strong capital and liquidity positions, which will allow us to continue to serve all current and prospective customers.
If you know a business owner or individual affected by this unfortunate situation, please let them know that River City Bank is here to help.
We will remain vigilant as your community partner to changing market conditions and economic developments. We encourage you to reach out if you have any questions about how these events affect your deposits or any facet of our ongoing relationship.
Jamie C. Tallent
River City Bank President & Chief Executive Officer