Fortress Balance Sheet
Sunwest Bank
Fortress Balance Sheet
Sunwest Bank – Over 50 years of banking experience
At Sunwest Bank, we are a fiscally responsible and financially disciplined bank that maintains a “Fortress Balance Sheet” and keeps nearly double the capital reserves of most other banks, including the big banks. During and after the Great Recession economic crisis of 2007 to 2009, many banks tightened up. While a number of banks and financial institutions failed, federal regulators approved Sunwest Bank to buy and revive five failed banks.
Why is that important? Well, quite often banks must shrink during difficult economic times to boost their capital levels. At Sunwest, however, because we are so well-capitalized and vigilantly maintain deeper reserves, we do not need to do that. Our Fortress Balance Sheet enables and empowers us to continue lending and assisting our customers at the time when their business may be most vulnerable.
After one of the nation’s 20 biggest banks recently failed, Sunwest Bank CEO Eric Hovde produced a video commentary explaining the cardinal sin of banking that was that particular bank’s undoing. We invite you to watch this video:
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Fortunately, as Eric Hovde has said many times, all banks are not operated and managed equally. Sunwest Bank is run much differently and is built for challenging times. Our reserves are among the highest in the industry. We carry ample amounts of liquidity that we invest short-term and our underwriting process is meticulous and ultra-disciplined. When times were booming, we capitalized but were not greedy and did not get over-extended. We have always been conservative about preserving and protecting our liquidity.
As a result of our forward-thinking diligence and financial discipline, Sunwest Bank’s exceptionally strong Fortress Balance Sheet is a big reason why we have thrived in the community banking business for 54 years. It means we can continue assisting our customers in any business cycle. If you are interested in a loan, we are still lending and happy to speak with you.
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Find Out How Sunwest Bank Can Help Your Business
Top 10 Banks Include: JPMorgan Chase & Co., Bank of America Corporation, Citigroup Inc., Wells Fargo & Company, U.S. Bancorp, Truist Financial Corporation, The PNC Financial Services Group, Inc., Capital One Financial Corporation, The Bank of New York Mellon Corporation, and State Street Corporation. Financial data was derived from S&P Capital IQ, SEC Filings, and FFIEC Call Report Data as of 03/31/2023.
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At Sunwest, we understand you are busy, so we have made things easy for you, open a business account today within our simple account creation portal.