We are here to assist our clients

Paylocity's ability to process payroll is not impacted by the closure of Silicon Valley Bank or Signature Bank New York. We are ready to assist businesses and their employees who may have been impacted.

Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions does not hold cash, cash equivalents or other securities, including client funds, with Silicon Valley Bank or Signature Bank New York.

Founded in 1997 and publicly traded since 2014, Paylocity has long-standing relationships with several of the largest financial institutions with which we process client payroll funds. Our broad-based relationships allow Paylocity to diversify our exposure and provides for redundancy such that we can transition ACH processing between banks if needed as part of our broader risk management efforts.