March 18, 2020
Effective March 17, 2020, The Co-operative Central Bank (CCB) and its Share Insurance Fund (SIF) merged into the Depositors Insurance Fund (DIF). As a result, bankHometown has become a member of the DIF.
Rest assured that your deposits with bankHometown will continue to be insured in full. Each depositor is insured to at least $250,000 by the FDIC. Effective March 17, all deposits above the FDIC limit are insured by the DIF.
The DIF has a long history of protecting deposits. Since 1934, when the DIF was created, no depositor has lost a penny in a member bank.
To learn more about the DIF and its deposit insurance coverage, please visit the DIF website at www.difxs.com.
