March 17, 2023 

Silicon Valley Bank & Signature Bank Closures

To our PrimePay community,

I’m reaching out to reassure you that PrimePay has no exposure to Silicon Valley Bank (“SVB”) or Signature Bank.  Additionally, PrimePay never held deposits or otherwise collaborated with SVB or Signature Bank, therefore, our operations as a company are unaffected by their closures.

PrimePay also uses multiple bank partners which provides redundant protection measures for each PrimePay customer, ensuring the hard-earned wages of workers across the country are paid on a timely basis.

This year will mark our 37th anniversary of faithfully serving America’s small businesses and their employees.  And we will continue to do our best to exceed your highest expectations. 


Scott Johnson