Planters Bank has been in business now for 26 years. We are a community bank whose business model has always been to work for and represent the communities we serve. In addition, we monitor rising interest rates and the tightening credit market. We protect our customers' deposits and for customers who have deposits over the FDIC maximum insurance coverage, we have security in place to protect those deposits.

The Silicon Valley Bank failure can be attributed in part to a more risky business model that is unlike ours of a traditional, diversified and relationship-model bank. The banking industry as a whole is stable and well capitalized. In fact, FDIC data shows that community banking remains safe, sound and secure as well as outperforming the rest of the banking industry with broad-based loan growth, strong capital ratios, and favorable asset quality.

Planters Bank specifically is conservatively diversified in its investments and we are here to serve our customers, now and for generations to come. As a community bank customer, you have access to our experienced team. We stand ready to answer any questions or concerns you may have.