Letter from Tom Traficanti

We have all heard the news about the two reckless and poorly managed banks that failed recently.  These banks, focused on niche high tech start-ups and cryptocurrency, were not diversified and poorly operated.  Ultimately, the FDIC stepped in and insured all of their depositors’ funds, regardless of the amount.

These failures certainly took us all by surprise.   Worrying about your bank’s financial condition shouldn’t be on the list of things we need to worry about…

Rest assured, Heritage Bank of Nevada remains extremely well diversified and financially healthy.  Heritage Bank, as a division of Glacier Bank, and a member of the Glacier Family of Community Banks has its commitment rooted in community banking.  Our depositors and borrowers represent thousands of small businesses, non-profits, municipalities and individuals throughout our footprint of eight western states (excluding California, thank goodness!).  Glacier has a very strong, stable and diversified core deposit base which has been recognized as one of the strongest in the country.

Heritage Bank of Nevada is here for you when you need us most.   Our banking relationships are important.   If you have been negatively impacted by recent challenges at other financial institutions, we welcome the opportunity to speak with you.   Our team of bankers and seven local branches are here to assist you with all of your banking needs now, or in the future.

Kind Regards,

Tom Traficanti

President, Heritage Bank of Nevada

 

P.S.     If you have any questions about FDIC insurance coverage, please call or visit your local branch.   If your deposits exceed $250,000, we can often spread money around into different accounts with joint owners or beneficiaries.    We also offer programs to partner with other banks to obtain 100% FDIC insurance for multi-million-dollar deposits.