The Federal Deposit Insurance Corporation (FDIC) insures each depositor of Planters First Bank to at least $250,000.
If you have questions about your coverage or would like to learn more about depositor insurance and how it works, we encourage you to call us directly at (833) 732-8351 or Click here to contact us through our website.
What is the FDIC?
**Click the image to view a video on Understanding FDIC Deposit Insurance**
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. Government that protects depositors against the loss of insured deposits if an FDIC-insured or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
How much is insured by the FDIC?
The FDIC insures up to $250,000 per depositor, per insured bank or financial institution for each account ownership category.
-Deposit products such as CDs, Money Market accounts, and IRAs
-Official items issued by the bank, such as cashier’s checks.
-Mutual fund shares
- Life insurance policies
-Safe deposit contents
-Any investment that is not a deposit, even if the above investments were purchased from Planters First Bank.
For additional information on FDIC Insurance:
- Visit the FDIC website.
- Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE), an interactive application that can help you determine your deposit insurance coverage.
FDIC deposit insurance enables consumers to confidently place their money at thousands of FDIC-insured banks across the country and is backed by the full faith and credit of the United States government.