In reference to current events in the financial industry, I would like to briefly mention a few items of importance about your relationship with Coastal Heritage Bank.
- Please understand that 100% of your deposits with Coastal Heritage are fully insured, above and beyond the FDIC limit of $250,000. This is accomplished through our partnership with the DIF (Depositors Insurance Fund) which covers all deposits in the Bank above the FDIC limit. Since its inception in 1934, no depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
- We are a stable and sound Bank that is well managed with high capital levels, a growing deposit base and solid loan demand.
- We have a very rich history of managing the ups and downs of a variety of economic cycles – that’s one of the reasons we have been able to thrive on the South Shore for over 140 years.
For additional information and resources please visit the FDIC and DIF websites.
If you have any questions about the Bank or FDIC/DIF insurance, please feel free to contact us at 800-695-1300. I thank you once again for choosing to bank local with Coastal Heritage Bank.