Your Trust is Well-Placed with Village Bank: A Message from Our President Jay Hendricks

Given the news over the weekend I would like to provide you with some information on Village Bank and the safety of your deposits. Most experts agree that the failure of Silicon Valley Bank and Signature Bank occurred because too many deposit customers left these banks in rapid fashion. It’s important to note, that despite these failures, regulators have backstopped depositor losses and have said that no depositor will lose money. Nevertheless, it’s left many wondering about their own bank – where are their deposits and how strong is their bank?

Both banks in the news had unique risk factors not representative of the broader banking industry or Village Bank. Village Bank is a community bank and is core funded by local customers and that makes loans to small businesses in our community. We do not accept crypto-related deposits or venture capital customer deposits. Our capital ratios and balance sheet are strong and sound. We have excellent liquidity levels, which includes cash, marketable securities and borrowing capacity. We maintain the highest rating from the Bauer financial rating agency of a ‘5’.

We are proud of the way we manage our bank. We have not taken risks similar to the banks in the news. Village Bank is well capitalized and safe. Our goal is to help our customers, who are also our neighbors, thrive by providing solutions to meet your banking needs, but most importantly we manage the bank in a way that keeps your money safe.

We understand and appreciate any concerns that you may have and are happy to speak with you. Thank you for your continued business and your trust.


Jay Hendricks
President & Chief Executive Officer