Is My Money Safe?

Most people are understandably worried about their personal finances, and about the safety of their savings. Below are helpful facts to keep in mind:

• State bank regulators and federal bank regulators are prohibited by law from disclosing information about the financial health of specific banks. In general, North Carolina banks regulated by NCCOB are in a safe and sound condition. 
• Deposits are insured up to $250,000 for each insured entity by the Federal Deposit Insurance Corporation. For more detailed information regarding your deposits and FDIC insurance, visit the FDIC website where you can calculate your insurance coverage by using the Electronic Deposit Insurance Estimator page.
• Additional information regarding what is insured or not insured by the FDIC can be found on the FDIC website. 
• Other FDIC website resources are available regarding deposit insurance coverage and FAQs.