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Bank News

What Really Matters is Strong Bank Capital

During a time of financial crisis what really matters is the safety and soundness of your financial institution. Yes, FDIC insurance protects deposits within certain thresholds, but only pays out after a bank has failed. Customers should put their money in banks they know are safe and sound, like Crossroads Bank. We have bankers available to help educate customers by freely providing financial information.

The bottom line is that Crossroads Bank is a very safe and sound financial institution measured by all industry standards and is well positioned to weather the current financial crisis.

Beginning July 1, 2010, Crossroads Bank will no longer participate the FDIC's Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.