Client Commitment

We want to provide reassurance and some context on the failure over the past few days of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank.

 

First, Agility Bank is extremely well-capitalized and liquid. As a de novo bank, the Office of the Comptroller of the Currency (OCC) examines us every six months with consistently excellent results. Our banker team has a track record of shepherding community banks through economic cycles.

 

We believe the problems of the failed banks relate to their business models, which focused on higher-risk industries, such as tech startups and cryptocurrency. As a community bank, Agility’s deposits and loans are not overly concentrated in any one industry but rather reach a variety of clients who are intent on improving Houston. We do not engage in the cryptocurrency ecosystem.

 

Within the next two weeks, we will launch IntraFi® Network DepositsSM, which enables Agility Bank to offer clients access to multi-million-dollar FDIC insurance on funds placed in various accounts.