|Your deposits are fully insured.
With the unfortunate events that transpired this past week around the banking industry, we wanted to take this opportunity to assure you that BankProv is financially strong. As the 10th oldest bank in the nation, BankProv has a long history of sound banking practices and financial expertise. Our strength as an established financial institution ensures that your deposits are safe and secure.
The organization is on sound financial footing and is well-capitalized. We have maintained a diversification within our business sectors and have an experienced team that is available to support a variety of industries. Our team has the ability to provide you with a comprehensive suite of banking products and solutions tailored to meet your evolving needs.
In addition, BankProv also has the ability to offer 100% insurance on all deposits with the FDIC covering the first $250,000 and the remaining covered under the Deposit Insurance Fund (DIF). DIF is a private, industry-sponsored insurance fund that insures all deposits above FDIC limits. The combination of FDIC and DIF provides full insurance on your deposit accounts. Learn more about DIF at bankprov.com/DIF.
Thank you for entrusting us with your financial needs. It is our pleasure to serve you and we appreciate your continued loyalty. Please do not hesitate to contact us at 877-487-2977 or reach out to your account officer should you have any questions or concerns.