INTRUST CEO Charlie Chandler Addresses Recent Events in the Banking Industry

INTRUST is a sound and stable financial institution – we are strongly capitalized, and we have plenty of current and available liquidity to cover 100% of all deposits not otherwise covered by FDIC insurance.

One of the reasons I am speaking out today is because INTRUST Bank’s holding company is one of six U.S. banks that Moody’s Investors Service has placed on a credit rating review in the wake of two major bank closings in the past week. I assure you; it has nothing to do with our continued stability. Additionally, INTRUST Bank is structured with the long-term in mind and has no exposure to venture capital business or cryptocurrency.

We always maintain plenty of liquidity to meet the needs of our customers in terms of their deposits, and I can sit here comfortably telling you that as a result of our cautiousness, our deposits are 100% covered. Thus, we don't have the problem that other banks have had with uninsured, uncovered deposits.

For the entirety of our 146-year history, INTRUST Bank has held a strong financial position with a focus on the well-being of our customers and communities. INTRUST is dedicated to delivering the time and attention our customers deserve, and we remain diligently focused on our mission to be a trusted and reliable financial partner.

We will continue to do what we have always done: Focus on the long-term success of our customers and the communities we serve.

We appreciate our customers’ trust in our bank, and we want to assure you that INTRUST is here to support you. Please do not hesitate to reach out to us with any questions or concerns you may have.

Charlie Chandler
Chairman and CEO