Message to Our Depositors
In light of the recent events that have been reported regarding the banking industry that may have raised some questions and concerns regarding your deposit accounts, we want you to know that as a community bank, NVE Bank remains well capitalized and well positioned to continue to serve our customers and communities. We were chartered 136 years ago and expect to serve this community for generations to come. Being a mutual saving bank affords us the opportunity to manage the bank for long term prosperity and stability and not for short term shareholder benefits.
As a community bank 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 your neighborhood bank, we take pride in our relationship-based business model focused on building long-term trust with our customers. After all, we live in your community too, and your success is our success.
No one has ever lost a dime of FDIC-insured deposits up to $250,000. If you have questions about your coverage, or would like to learn more about FDIC insurance and how it works, we encourage you to access the following resources or give us a call directly at 201-816-2800 X 1223:
- Understanding Deposit Insurance.
- FDIC Deposit Insurance FAQs.
- FDIC Calculators.
NVE’s financial strength is demonstrated by receiving a 5-Star Superior Bauer rating for more than 37 consecutive quarters – that’s almost 10 years!
NVE Bank’s capital position is strong. The Bank’s capital continues to grow, and we are now and always have been considered well-capitalized. Furthermore, NVE Bank has no involvement with Silicon Valley Bank nor Signature Bank.
