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“Is My Money Safe?” a Message From Our Chief Operating Officer

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03.15.2023
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Scott Hopf

Over the past week, concerns and doubts have been raised about the banking industry with the failure of Silicon Valley Bank in California.  SVB had exposure to the Crypto industry, as well as other specialty businesses that inherently carry more risk.

While we cannot speak to the specific practices and circumstances that ultimately led to SVB’s collapse, we can reaffirm to our customers that we remain committed to the mission of Union Savings Bank.

Our business model is simple and sound – and has withstood the test of time.  Union Savings Bank serves our communities by offering mortgages and real estate-related loans, along with competitive deposit products.  None of that has changed.  As always, we are ready to continue to move forward and serve our customers with our simple community-based approach to banking.

Union Savings Bank will continue to serve you – our valued customers – by engaging in safe and effective banking practices.  While recent events may have created mistrust towards our industry as a whole, you can rest assured that we will continue in our tradition of responsible and conservative banking practices.

Thank you for your continued trust in us.

Regards,
Scott Hopf, Chief Operating Officer
Union Savings Bank

 

If you do have additional questions, please reach out to us and ask to speak with bank leadership. We will be happy to take the time to alleviate your concerns.

Find contact information for your local branch HERE.

Written by Scott Hopf

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Other restrictions and limitations apply.
These articles are for educational purposes only and provide general mortgage information. Products, services, processes and lending criteria described in these articles may differe from those available through Union Savings Bank. For more information on available products and services, and to discuss your options, please contact a Union Savings Bank loan officer.