As your neighbor and banking partner, we want to keep you informed on the preventative steps we are taking to address the public health concerns surrounding Coronavirus (COVID-19).
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As your friend and banking partner, you can be assured that all of your deposits are fully insured through the combined coverage of the FDIC (Federal Deposit Insurance Corporation) and the DIF (Depositors Insurance Fund). All customers are insured by the FDIC up to $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF).
The combination of FDIC and DIF insurance provides Country Bank customers with full deposit insurance on all their deposit accounts.
As one of the many local community banks in the region, Country Bank will also be offering SBA Interruption Loans to its customers under the ‘Cares Act’ as soon as it becomes available.
Currently, only general terms of the Act have been released to banks and guidelines are expected to be available within the coming days. In the meantime, please complete a Business Lending Questions contact form, including your specific needs, and we will be in touch to see how we can best assist you.