News
March 24th, 2020
The Safety And Soundness Of The Banking System During Covid19
Olympia, Washington – Community Bankers of Washington and President & Executive Director John Collins issued the following statement regarding the safety and soundness of the banking system during the COVID-19 pandemic.
“CBW, along with the Federal Deposit Insurance Corporation (FDIC), wants to remind and reassure the public that the safest place for their money is in a federally insured bank, which all Washington community banks are. Since 1933, no depositor has lost any FDIC-insured funds. The safety and soundness of the entire banking system is, and will remain, secure and unchanged.
Read the rest of the news release here.