Please be advised that Velocity Solutions does not have, and has never had, any deposits or any banking, lending or other relationship with any of the banks listed below:
- Silicon Valley Bank
- Signature Bank
- First Republic Bank
- Pacific Western Bank (PacWest) Western Alliance
- Comerica Bank
- UMB Bank
In addition, none of the above banks is or has ever been a client of Velocity Solutions.
We do not anticipate any material impact on the financial condition of Velocity Solutions or its operations from the recent bank failures or market pressure on these institutions.
If you have any additional questions regarding this developing situation, please feel free to contact your Client Service Manager if you are a client. If you are not a Velocity client, please contact Justin Carlson, our Chief Legal Officer and General Counsel, at (954) 847-4815 or email@example.com.