With all the media about banks going under and FDIC taking over banks, many people always ask me "Is your Bank Safe?" "Are you guys still lending money?" That is a question that I get asked frequently as well. I can understand how people may feel scared today about there money in banks especiall if they lived through the great depression era. At Siuslaw your deposits are safe. All deposits are FDIC-insured up to $100,000 as an individual, with greater coverage for joint accounts, IRAs and CDs. In addition, Siuslaw bank offers CDARs (Certificate of Deposit Account Registry service), which gives you access to multi-million dollars of FDIC-insurance. Siuslaw did not engage in any subprime mortgage lending. Unlike some of our competitors, we did not get into the type of loans that are bringing down some larger organizations. Siuslaw is well-capitalized and financially sound, as we have been for the last 45 years. As the oldest independent community bank in Lane County, we are considered safe and secure and considered to be a "well performing" bank. As a matter of fact bankrate.com recently rated Siuslaw Bank #3 in Oregon for safe and sound ratings. #'s 1 and 2 were two Trust banks in the Salem area. If you want to rate your bank and or credit union click here.
Thank you for visitng!
Jose,
Comments(0)