Community Banking Has Never Felt Better

Dear Community Members,

Everyone deserves a team that's invested in their financial safety, security, and success. As a local community bank, this is what Select Bank does best. Operating a strong community bank is important to us because the communities we serve, we call home. As we have seen over the last week, the collapse of Silicon Valley Bank, Signature Bank, and the banking industry's resulting media coverage has allowed consumers to evaluate their banking relationships. As a result, we are happy to provide some insight as to how Select Bank, as a community bank, operates differently:

Select Bank is well diversified with deposits and loans from both consumers and small businesses across stabilized industries.

We maintain strong sources of on and off-balance sheet liquidity. 

Select Bank is well-capitalized, exceeding regulatory standards.

Our executives are accessible and accountable - ensuring local decisions.

We advocate for local, small businesses within the communities we serve, in both Virginia and North Carolina.

We protect and maintain a watchful eye on all our customers' financial interests. 

We have multiple tools in which to protect our customers where balances are over and above the FDIC insurance level of $250,0000.

Our customers realize and appreciate the Select Bank difference. 
We are available to answer any of your questions and offer the same service and support to you today.


Download this letter.