DARIEN Phone: (203) 656-3500
ROWAYTON Phone: (203) 669-4100
FDIC ANSWERS FROM A BANK YOU CAN TRUST
Can I speak with someone for detailed inquiries regarding my FDIC deposit insurance coverage? 
Yes you can. Our staff is well-trained in the nuances of deposit insurance from the Federal Deposit Insurance Corporation (FDIC) and is available at a moment’s notice to address any of your concerns or needs. If you would like to speak about FDIC coverage, our staff is ready to do so.
What Is The FDIC?
The FDIC was created by the Banking Act of 1933 and its primary purpose was to restore the public’s confidence in the banking industry following the stock market crash in 1929 and the ensuing Great Depression that followed in the 1930s. The FDIC’s mission is to insure bank deposits and reduce economic disruptions caused by bank failures.
What Is Covered By FDIC?
The FDIC protects deposits of up to $250,000 placed in insured banks. Deposits in checking accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market deposit accounts (MMDA), certificate of deposits (CD), or other time deposit accounts, as well as official items issued by an insured bank such as a cashier’s check or money order are covered.
Can I Be Covered For More Than $250,000?
Deposits held in the different ownership categories are separately insured, up to at least $250,000, even if held at the same bank. The FDIC does not insure stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if they are purchased at an FDIC-insured bank.
WE ARE COMMITTED TO YOU
DR Bank is a sound, well-capitalized institution that has always taken a prudent approach to risk management. DR Bank has a highly-diversified customer base primarily located within our community and immediate market. Further, DR Bank has no exposure to any of the impacted institutions.
As you already know, we have local decision makers and a well-trained staff that are accessible at a moment’s notice to address any of your concerns or needs. If you would like to speak about FDIC coverage, our staff is ready to do so. As always, DR Bank remains steadfast in our commitment to providing superior customer service and be a trusted advisor to our customers, especially during moments like these.
READY TO TRANSITION?
Please contact our team members at our two branches: