Community bank customers can bank with confidence at The Bank of Charlotte County knowing their money is safe, because it is insured by the FDIC and held in a well-capitalized and well-regulated institution. Since the FDIC was founded 75 years ago, no one has lost a penny of FDIC-insured funds”. Click on the following link for more information:
FDIC Deposit Insurance Coverage - The standard maximum deposit insurance amount is $250,000 per depositor per insured depository institution for each account ownership category. This coverage limit was made permanent by the Dodd-Frank Wall Street Reform and Consumer Protection Act of July 2010.