ICBA reminded consumers that their FDIC insured deposits are safe in their local community bank and provided tips for expanding coverage. In a national news release, ICBA cited coverage limits for deposit and certain retirement accounts.
The tips followed a recent ICBA news release reminding consumers and community banking customers that their insured deposits are safe and backed by the full faith and credit of the federal government through the FDIC.
ICBA last week released three customizable news releases that community banks can distribute in their local communities to reassure consumers amid the coronavirus outbreak. The custom documents and other resources are available on ICBA’s Crisis Response and Preparedness Center.
Community bankers who have questions about the response to COVID-19 or need assistance can contact ICBA at firstname.lastname@example.org.