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Community banking remains strong in NH

March 13, 2023

The last few days have been unsettling for many bank customers as a result of the failures of Silicon Valley Bank headquartered in California, and Signature Bank based in New York.  Fortunately for depositors at both institutions, the Treasury Department, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) indicated in a joint statement that all depositors will be made whole.

 

Rest assured you can continue to bank with confidence at Franklin Savings Bank.  We are financially strong, well-capitalized and remain focused on meeting the needs of the individuals, families, and businesses in our local communities. This stands in stark contrast to banks like Silicon Valley Bank that are heavily concentrated in non-traditional banking activities.

 

As a community bank, we have stayed true to our mission and to our sound business practices. Our management team and Board of Directors remain committed to meeting the needs of our customers and community.

 

Since 1869, we have been here to meet our customer’s needs. As your community bank, you have access to our experienced team, and we are ready to assist you anytime with any questions or concerns. We encourage you to stop in or contact us at 603.934.4445 or 1.800.372.4445 if you would like to speak with us further.

 

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