Bank NewsFDIC Insurance Coverage Permanently Increased to $250,000 Per DepositorOn July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.
The temporary increase from $100,000 to $250,000 was effective from October 3, 2008, through December 31, 2010. On May 20, 2009, the temporary increase was extended through December 31, 2013.
"With this permanent increase of deposit insurance coverage to $250,000, depositors with CDs above $100,000 but below $250,000 will no longer have to worry about losing coverage on those CDs maturing beyond 2013. We strongly encourage all bank depositors who have questions about their insurance coverage to go to our Web site at www.fdic.gov
and use our Electronic Deposit Insurance Estimator (EDIE) or call our toll-free number at 1-877-ASK-FDIC. Insured deposits provide the comfort and peace of mind to depositors that their money is 100 percent safe – provided they keep their deposit balances within the insurance limits," said FDIC Chairman Sheila C. Bair.
Farmers State Bank Receives 5 Star Safety Rating
Bauer Financial, an independent company that rates the safety of financial institutions, has given the 5 star rating, the highest rating available, to Farmers State Bank. We are proud of this rating, and it confirms the safety of your money when you bank with us.
Ratings for all U.S.
financial institutions can be found free of charge at www.bauerfinancial.com
MasterCard SecureCodeNo matter what you're looking for online, Farmers State Bank of Darwin is looking out for you!
Whether you're shopping for an exciting vacation or a vacuum cleaner, now you can enjoy added security with MasterCard SecureCode, a service to enhance your existing Farmers State Bank Shazam MasterCard account.
With your own private code, you'll be protected against unauthorized use of your card at participating merchants. While shopping at a participating online merchant, you'll be asked to choose your own private SecureCode before completing your transactions. Or, to create your own SecureCode now*, follow the simple steps at https://secure.shazam.net/securecode. Once you have created your own SecureCode, you can then use it for future purchases at participating online merchants.
* Feature is only available for customers that have been issued a Farmers State Bank of Darwin Shazam Debit Card. For information regarding the issuance of a debit card, please contact the bank for an applicaion.
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