FDIC Insurance De-mystified

Let us show you how to maximize your FDIC insurance coverage at Home State Bank.

You've probably heard the news about recent changes in FDIC insurance coverage.  But I'll bet you're wondering what it's all about and how it affects you.  That's no surprise, because the rules that determine FDIC coverage are complicated!  It takes an expert to understand them fully – and make sure you're getting all the FDIC insurance coverage possible for your accounts.
Here's a quick introduction to FDIC insurance coverage and the added reassurance it provides right now.  You'll see, for example, that the FDIC has  permanently increased its general deposit insurance rules from $100,000 to $250,000 of insurance per account ownership type. It's also possible to receive far more than $250,000 in FDIC coverage for your money at Home State.
Next, call a personal banker in any of our branches to learn more.  Our experts will check the "ownership" of your accounts to make sure you receive the greatest possible FDIC insurance coverage.

FDIC inspires greater confidence.

With these dramatic steps taken by the FDIC, depositors can feel more confident than ever about the safety of their deposits. According to Don A. Childears, former Pres/CEO of the Colorado Bankers Association, the commercial banking industry is strong and vibrant, and it has the tools, oversight, and experience to weather the economic turbulence.
With multiple layers of protection, depositors can rest assured that their funds are safe in an FDIC insured bank like Home State Bank. In fact, since the FDIC was created in 1933, not one depositor has ever lost a penny of insured deposits.    

FDIC insurance – paid by banks, not taxes.

You might also be interested to know that the FDIC insurance that protects depositors is paid completely by participating banks – like Home State Bank.  We pay insurance premiums to the FDIC in order to provide the greatest possible FDIC insurance coverage for our customers.  NO tax money is used for this purpose.
Help Center: FDIC
More on FDIC insurance coverage.

Scott Malan

Scott Malan

VP Retail Operations

Home State Bank