As a community bank who has weathered many challenges in our 134-year history, National Capital Bank remains well positioned to serve our customers and communities for years to come.

We are strong, and the banking system remains resilient. Community banks, like NCB have always been focused on safety and soundness as part of our traditional and relationship-based business model. We take pride in continuing to uphold our founding principle of “customers come first.” After all, we live in your community, too, and your success is our success.

Silicon Valley Bank ("SVB") is the first bank closure in this country in almost three years, a testament to the resiliency of America’s banks and their ability to support the economy and the communities they serve despite a global pandemic, rising inflation, and an unprecedented increase in interest rates. Additionally, SVB and Signature Bank’s closures were due to unique risk factors that are not representative of the banking industry as a whole – but to very niche banking profiles.

NCB has implemented a range of safeguards to ensure that your finances remain secure. Our bank has a well-diversified deposit base and maintains strong capital levels according to regulatory requirements. We are not in the cryptocurrency business, nor are we heavily leveraged in the tech industry. A few of the protocols we take to protect your finances are outlined below.

FDIC Insurance

Our customers have access to FDIC insurance to protect their deposits up to $250,000 per account ownership. In fact, as a consumer, you may have much more coverage based on the ownership and title of your accounts. Additionally, we offer other tools to help maximize coverage through our partner IntraFi Deposits. And through that relationship NCB has the capacity to substantially cover any and all uninsured deposits. The FDIC protects your account for a myriad of reasons, including:

• In the FDIC’s 88-year history, no one has ever lost a penny of an Insured Deposit.
• The FDIC is completely funded by the banking industry and insures up to $250,000 per depositor per bank.
• The FDIC is stronger than ever before. The FDIC insurance fund stood at an all-time high of $124.5 billion as of June 2022.
• A strong FDIC and deposit insurance fund are essential to the banking system, and banks stand ready to do whatever it takes to ensure the health of the fund and strength of the FDIC.
• The FDIC has a $100 billion line of credit with the U.S. Treasury, which would, by law, have to be repaid by the banking industry if ever used.

IntraFi Deposits

IntraFi Deposits is a secure way to safeguard large deposits placed into money market accounts or CDs for access to multi-million FDIC coverage through NCB.

Key Takeaways

As an NCB customer, you have access to these tools to maximize your FDIC coverage. Our experienced team of bankers — your branch manager, commercial loan officer, Executive Management and our CEO — stand ready to always assist you with any of your questions or concerns. Please call on us at any time.

Thank you for putting your trust in NCB, we appreciate your business and will continue to uphold our very high standards for a safe and sound banking partnership for years to come.

Resources:

Understanding Deposit Insurance
FDIC Deposit Insurance FAQs
FDIC Calculators
IntraFi Deposits

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