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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. |
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About The Bank
The Bank of Salem is a FULL SERVICE BANK which offers a full range of financial services including:
- Consumer Loans
- Business Loans
- Agricultural Loans
- Real Estate Loans
- Home Improvement Loans
- Certificates of Deposit (CD's)
- Individual Retirement Accounts (IRA's)
- Health Savings Accounts (HSA's)
- Direct Deposit
- Checking Accounts
- Business Checking Accounts
- Bonus Checking Benefits Available
- Savings Accounts
- Business Savings Accounts
- Christmas Club Accounts
- ATM Cards
- Debit Cards (THE BANKcheck Card - MasterCard Network)
- Automated Teller Machines (ATM's at both locations)
- Surcharge FREE ATM Network (SHAZAM Privileged Status)
- Credit Cards
- Merchant Credit Card Services
- Savings Bonds
- Safe Deposit Boxes (both locations)
- Night Deposits (both locations)
- Internet Banking
(eCom)
- Online Bill Payment
(MyPay)
- Online E-Statements
- Telephone Banking (TeleBanc)
- Mobile Banking
- Business Online Banking (eCorp)
- Business Online Banking (Biz ePay)
- ACH Origination
- Bank-By-Mail
THE BANK OF SALEM IS AN EQUAL HOUSING LENDER
Officers
Scott D. Ball, President
Michael E. Douglas, Executive Vice-President
John D. Casey, Senior Vice-President
Denny J. Pogue, Senior Vice-President
David Dittman, Vice President
S. N. Ball, Vice President
Barbara E. Medlock, Loan Compliance Officer
Shericia J. Cook, Assistant Loan Officer
Gerriann C. Ball, Marketing Officer
Penny S. Ellsworth, Information Technology Officer
Shirley E. Larson, Assistant Loan Officer
Gina A. White, Branch Administration Officer
Jennifer Stacy Medlock, Assistant Information Technology Officer
Directors
James L. Coffman, Chairman of the Board
Sanborn N. Ball III, Vice Chairman of the Board
William E. Seay
George Alan Barnitz
Robert Coffman
Scott D. Ball
Michael E. Douglas
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