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Statement from The National Bankers Association On Silicon Valley Bank and Signature Bank

Today, National Bankers Association (NBA) President & CEO Nicole Elam Esq. and Chairman Robert James, II released the following statement regarding Silicon Valley Bank (SVB) and Signature Bank. “In light of recent industry events, the National Bankers Association wants to assure consumers that your money is safe with minority banks. Minority depository institutions are ....

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Statement from the National Bankers Association on Silicon Valley Bank and Signature Bank – Los Angeles Sentinel

“In light of recent industry events, the National Bankers Association wants to assure consumers that your money is safe with minority banks. Minority depository institutions are very different from both SVB and Signature Bank, which had high concentrations in crypto deposits and volatile venture capital. Minority banks are not exposed to riskier asset classes and have the capital and strong liquidity to best serve consumers and small businesses. If you’re looking for a place to bring your deposits and have greater impact, bring your deposits to minority banks,” said Nicole Elam, president and CEO of the National Bankers Association. ....

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Breaking News: UBA wins Africa's Most Reliable, Global Bank 2021 Award, defeat Financial Institutions in Ghana, South Africa, Tanzania; Q3 2021 Gross earnings hit N490.3 billion in 37% Profit growth …Tony Elumelu receives World's Lifetime Banking Icon Hall of Fame Award, bank operational in 19 African countries *Banking style, profits, business model; customer service relations and Integrity stands out *Dr. Raphael James, founder of largest Photo Museum in Nigeria with over 36, 000 photos emerge winner, Africa's Most Outstanding History Preservation Award 2021 *BY EDITORIAL BOARD & Special Reports by GEORGE ELIJAH OTUMU/AMERICA Foreign Editor

Breaking News: UBA wins Africa's Most Reliable, Global Bank 2021 Award, defeat Financial Institutions in Ghana, South Africa, Tanzania; Q3 2021 Gross earnings hit N490.3 billion in 37% Profit growth …Tony Elumelu receives World's Lifetime Banking Icon Hall of Fame Award, bank operational in 19 African countries *Banking style, profits, business model; customer service relations and Integrity stands out *Dr. Raphael James, founder of largest Photo Museum in Nigeria with over 36, 000 photos emerge winner, Africa's Most Outstanding History Preservation Award 2021 *BY EDITORIAL BOARD & Special Reports by GEORGE ELIJAH OTUMU/AMERICA Foreign Editor
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