RBAZ Remains Safe & Sound
A Message from the CEO
With the news of the first bank failures in over a decade and continuing with additional banks — including one with a name similar to ours — coming into the news cycle, we want to assure you that:
1) We do not engage in the risky activities that caused issues for the failed institutions,
2) We have robust risk management programs, and
3) RBAZ’s level of exposure to increased interest rates in the bond portfolio is currently less than 10% of capital.
It’s also important to note that the FDIC reviewed our bond portfolio and unrealized loss situation during a full scope examination in January and we earned excellent results regarding Liquidity and our Bond Portfolio. Full transparency with our stakeholders has been our policy and it continues in the face of industry crisis.
To eliminate any confusion with other banks with similar names to ours, we want to reiterate that Republic Bank of Arizona is a wholly-owned subsidiary of RBAZ Bancorp, Inc. (RBAZ – OTC) and is not affiliated with any other bank or holding company outside of Arizona.
We are an independent, locally owned and operated Bank founded in 2007 with a “well-capitalized” designation from the FDIC and ample liquidity. We are proud of our 5-star rating from Bauer Financial, the highest designation from the industry recognized rating agency. Republic Bank of Arizona is safe and sound and here to support its community as it always has through disciplined banking and risk management practices.