William J. Penney
President, CEO of Marine Bank & Trust

Bill Penney
President & CEO

Following this weekend’s closure of two large financial institutions, Silicon Valley Bank and Signature Bank, you may be questioning the stability and strength of the banking industry. 
The two banks that failed stand in stark contrast to the 99 percent of the nation’s banks that are “highly capitalized,” well above the most stringent regulatory standards. 
Marine Bank is financially stable, profitable, and well-capitalized. Our clients are local residents and businesses in the communities we serve. Your Marine Bank deposits are protected by FDIC insurance which insures up to $250,000 in eight separate account categories per depositor per bank.  In the 89-year history of the FDIC, no one has ever lost a penny of an insured deposit.
I invite you to view our most recent financial statement. As always, if you have questions or concerns on this or any matter, our doors are always open, and we always answer our phones.