FDIC Backs Deposits, ShoreBank Pacific Backs the Northwest
There has been a lot of commentary about the stability of the banking industry that's creating undue concern. We want to assure people that ShoreBank Pacific has never been in a better financial position, with a strong loan portfolio and consumer deposit base contributing to nine consecutive quarters of record earnings.
As a well-capitalized community bank, we offer several benefits and advantages:
- FDIC insurance up to $100,000
- Participation in the CDARS program, which insures your deposits to as much as $50 million
- We don't do residential mortgage lending
- We do very few residential developer loans
We're here to contribute to the long-term health and vitality of the Pacific Northwest, and we value the strength of our customer relationships. Should you know of anyone looking for a safer bank to put their money, please direct them to us. You can reach us directly toll-free at 877-326-4326.