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Your money is safe with Mid Oregon

Silicon Valley Bank (SVB)—the 16th largest bank in the U.S. and previously among Forbes’s list of top financial institutions—was shuttered by regulators on March 10, 2023.  This was the second-largest bank failure in U.S. history with Washington Mutual being the largest at the height of the financial crisis in 2008. State regulators also closed New York-based Signature Bank on March 12. Developments will continue to unfold in the coming weeks. Your money is safe with Mid Oregon.

Between these recent headlines about the banking industry and the continued uncertainty of the global economy, this felt like the perfect time to remind you that Mid Oregon is here for our members—safe and strong—just as we have been since 1957.

Many of you who attended our Annual Meeting on March 4 heard that Mid Oregon is financially secure. We meet (or exceed) regulatory standards for well-capitalized financial services providers, and are well-positioned to meet our members’ financial services needs, including loans and savings opportunities. 

Here are a few key points to keep in mind:

Your Money is Safe with Mid Oregon

The bottom line is that Mid Oregon is healthy, strong, safe, local, and focused on building thriving communities. 

Please contact us if you have any questions—our leadership team would be happy to discuss the safety and soundness of Mid Oregon further with you. Additionally, you can send a message through the Contact the President link or by calling or texting us as 541-382-1795. If you would like more information about the SVB closure, we have put together a Frequently Asked Questions sheet.

And if you ever do experience financial hardship, please reach out to us. Our experienced staff is here to help with solutions and assistance for your unique situation.  

Additional Resources:

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