Notice of Changes in FDIC Insurance Coverage for Transaction Accounts
By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
The Bank of Salem offers loans for virtually every need. Our friendly and professional loan officers will be happy to assist you with financing for your personal needs, home, property, business, farm, and agriculture loans.