The Safest Place For Your Money is Still in the BANK

With all the recent financial turmoil, we thought you’d like to hear a little GOOD news.  Your community bank, First Bank Financial Centre (FBFC), remains a safe, stable institution for your money.  Our mission is the financial health of you, your family, and the communities we serve…just like it’s been for 150 years.

Rest assured, FBFC will remain customer focused and will continue to service the financial needs of your family, friends, and neighbors. We make responsible lending decisions locally, and are proud to be grounded in solid Midwestern values.

Here are some facts to consider:

No one has ever lost a penny of FDIC insured deposits held in a community bank.

To increase the safety of bank deposits, FDIC deposit insurance was temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. If you have more than $250,000 on deposit with FBFC, you can still be fully insured if your accounts meet certain requirements. 

In addition, with the optional FDIC Transaction Account Guarantee program (TAG) available to participating financial institutions, through June 20, 2010 all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. First Bank Financial Centre is a participating institution. Non-interest bearing transaction accounts include all personal and business checking accounts that do not earn interest, and transaction accounts with interest rates of 0.50% or less. Interest bearing transaction accounts earning more than 0.50% are not covered under the TAG program and would be covered under the FDIC’s general deposit insurance coverage rules. Coverage under the TAG program is in addition to, and separate from, the coverage available under the FDIC’s general deposit insurance rules.

First Bank Financial Centre is well capitalized. We are common-sense lenders who don’t engage in high-risk activities. Your money on deposit is used to fund loans in your local communities; helping your neighbors run a nearby business or purchase a home.

First Bank Financial Centre has been a successful community bank since 1859. We are a strong, safe, and stable financial institution that has continued to grow and prosper through the many economic downturns in our long history.

We are here to serve you and our communities. The relationships we have with you, our customers, are very important. Thank you for entrusting us with your financial needs.

Mark W. Mohr