While bank failures are concerning, BLC Community Bank (“BLC”) clients should rest easy knowing that we remain well-capitalized and well-positioned to continue serving our clients and the community. BLC was chartered in 1906 and has not needed to raise additional capital in over 100 years The recent situation with Silicon Valley Bank, and others, was unique as those financial institutions had drastically different management philosophy and banking models than those we employ.

BLC’s Board of Directors and strong management team are dedicated to making sound financial decisions to keep your assets secure. As a part of our dedication to financial safety and soundness, BLC management analyzes and then reports its Asset/Liability and Liquidity ratios to the Board of Directors on a monthly basis. At this time, these ratios remain well below both BLC’s internally defined parameters and the regulator defined stress levels. We continue to ensure prudent lending practices are adhered to, that allow for growth while at the same time maintaining a well-diversified loan portfolio.

Here are few additional reasons you can rest assured your money is safe at BLC Community Bank:

  • Bank failures do occur, but are rare, and the vast majority of banks are well-capitalized and financially sound. The overall banking system is stable, well-regulated and robust, with the Federal Deposit Insurance Corporation (“FDIC”) providing added layers of protection for depositors.
  • The FDIC insures deposits up to $250,000 per depositor, per bank. This means that if your bank were to fail, your deposits are protected up to that limit. Please speak with a BLC representative to discuss maximizing the amount of FDIC insurance on your specific account maintained at BLC Community Bank by calling (920) 788-4141.
  • BLC Community Bank has always been focused on safety and soundness as part of its traditional and relationship-based approach to delivering financial services.

The Wisconsin Bankers Association quickly responded to the situation with Silicon Valley Bank in this Special Edition Executive Letter which gives additional information about Wisconsin’s banking industry and it’s stability. You can also read an article from the Independent Community Bankers of America: Silicon Valley Bank and the Nation’s Largest Banks Are Not Community Banks for more on the topic.

As a client of BLC Community Bank, you have access to our experienced team, and we stand ready to assist you at all times with any of your questions or concerns, so please don’t hesitate to reach out.

Thank you for your continued support!