Community Banks Remain Strong and Secure
Considering the recent news surrounding Silicon Valley Bank and Signature Bank, Murphy-Wall State Bank and Trust Company wants to reassure our customers of the strength, viability, and resiliency of community banks, as well as bring the community-banking difference to the forefront.
Community banks have always been focused on safety and soundness. They operate under an entirely different business model than the nation’s largest banks, one that is based locally and emphasizes building relationships and long-term trust. They are in it for the long haul to serve the needs of those who count on them for financial stability and prosperity. Community bankers live in the communities they serve, and this unique banker access is what makes community banks different and an asset to those they serve.
As a community bank, Murphy-Wall State Bank and Trust Company remains well-capitalized and well-positioned to continue to serve our customers and community. We were chartered 149 years ago and expect to serve the communities in which we do business for generations to come. As a Murphy-Wall customer, you have access to our experienced team, and we stand ready to assist you at all times with any of your questions or concerns. As a community bank, we take pride in our relationship-based mission which is focused on building long-term trust with our customers. We live in your community too, and your success is our success.
Consumers can bank with confidence at Murphy-Wall State Bank, knowing their money is safe because it is insured by the FDIC. No one has ever lost a dime of FDIC-insured deposits up to $250,000. For those customers who have questions about whether additional insurance coverage is needed, we are ready and prepared to assist you in identifying whether additional insurance coverage is necessary and ensuring your deposit needs are met.