October 14, 2008
FDIC announced its temporary Transaction Account Guarantee Program, which
provides full coverage for non-interest bearing transaction deposit
accounts at FDIC-insured institutions that agree to participate in the
program. The transaction account guarantee applies to all personal and
business checking deposit accounts that do not earn interest at
participating institutions. This unlimited insurance coverage is temporary
and will remain in effect for participating institutions through December
October 3, 2008
September 26, 2008
The FDIC has simplified its rules for the insurance coverage of revocable
trust accounts. The new rules provide at least as much coverage as the
former rules, and are not subject to the expiration dates referenced
September 09, 2008
The Farmers & Merchants Bank & Trust Highlights the Stability of their Institution and the Banking Industry
Tuesday September 30, 2008 Marinette, WI 54143
FDIC-insured, The Farmers & Merchants Bank & Trust is reassuring their customers that while financial woes plague Wall Street, the safest place for your money is still in the bank.
"The Farmers & Merchants Bank & Trust is well prepared to ride out the economic storm," explained Tom Maxwell – President, and our customers should know that their deposits are safe. No customer has ever lost a penny of federally insured deposits."
To help customers understand the strength of the banking industry, The
Farmers & Merchants Bank & Trust highlighted the following facts:
No customer has ever lost a penny in insured deposits when a bank has failed. The FDIC protects consumers from losing their money if their FDIC-insured bank fails. The FDIC insures up to $100,000 of your money in a bank account and up to $250,000 for retirement accounts, and there are legal and safe ways to get even more FDIC coverage depending on how you set up your accounts.
The majority of banks are healthy. Most banks have been around for decades and are likely to be around for many more. In the unlikely event that a bank would fail, customers would continue to have uninterrupted access to their money.
For more information on the safety and soundness of the industry or The Farmers & Merchants Bank & Trust, stop by our downtown location, Pine Tree Mall Branch or our Crivitz Branch or call a Customer Service Representative Downtown - 715-735-6617, Pine Tree Mall - 715-732-4411 or Crivitz - 715-854-7445