A Turbulent Market and the Safety of Your Deposits
The last couple of weeks have been turbulent for investors and the future is likely to include more of the same.
One of the most frequent questions being asked of me right now is, "How do we make sense out of this market and the economy?"
As president and CEO of Salisbury Bank, I feel it is important to be cognizant of the current market and economic conditions, not only from a global and national perspective, but even more importantly, from a local point of view.
During uncertain times, it is crucial to remember that the American economy is resilient and our country as well as our local market will weather this economic storm. More important though are the relationships that we each have with individuals and institutions we trust.
I want you to know that Salisbury Bank remains strong and well-capitalized. We are an independent community bank with more than 160 years of solid, responsible service to the communities we serve. Our employees live and work here, know our customers and are dedicated to each and every customer's financial security.
Salisbury Bank is also a member of the FDIC. Please note that the national debt ceiling and the US credit rating are completely unrelated to FDIC insurance coverage. The FDIC is an independent agency fully funded by banking industry premiums. It is financially secure and has the resources it needs to protect customer deposits. No American citizen has ever lost a penny of their FDIC-insured deposits. With Salisbury Bank, and the FDIC, your deposits are safe and sound. Please click here to view details about FDIC deposit insurance coverage.
Feel free to contact me, or visit your local branch banker, lender or a member of our wealth advisory team to review your account relationships. We trust you'll find your biggest gain is financial peace of mind.
Sincerely,
Richard J. Cantele, Jr.
President and CEO
Salisbury Bank
Investments through Salisbury Trust Wealth Advisory Services are not FDIC insured - may lose value - not guaranteed by Salisbury Bank and Trust Company.