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Adams Bank & Trust was established on February 26, 1962 and has been FDIC insured since February 26, 1962. The bank is chartered as a Federal Reserve Member. Therefore the primary regulator is the Federal Reserve Board (FRB). The bank is based in Ogallala, Nebraska in the southwest corner of Nebraska. Adams Bank & Trust
From day to day, the amount of reserves a bank wants to hold may change as its deposits and transactions change. When a depositor writes a check against his account, that bank must surrender that amount in reserves to the payee’s bank for the check to clear. Reserves are constantly moving from one
State Bank of Southern Utah is a community bank with branches located in southwestern Utah. Its corporate headquarters is located in Cedar City. It was established in 1957 and there are fifteen bank branches. State Bank of Southern Utah has been FDIC insured since February 2, 1959. State Bank of Southern Utah is chartered as
Interest rates on bank CDs made another move towards the downside for the week ending March 8, 2013. Long-term certificates of deposit absorbed most of the downward momentum again this week with midterm CD rates showing little change and short term rates making a very modest move to the upside.
The average CD yield in the
Huntington is marketing a linked CD account in the local newpapers and online. The CD account is for a 13 month term and earns an interest rate of 4.10%. In order to obtain that yield the CD account holder must have a qualifying Huntington deposit account. The monthly CD interest payments will be deposited directly
Yes. The bank may freeze the account to ensure that no funds are withdrawn before the error is corrected. Or the bank may place a hold on the deposit.
A group of mutual funds, each typically with its own investment objective, managed and distributed by the same company.
The City National Bank of Sulphur Springs is located in East Texas and has been serving the region since1889. City National Bank is one of Sulphur Springs’ oldest surviving businesses. The bank has eight full service bank branches. The bank also operates a mortgage office in Sulphur Springs. City National Bank of Sulphur Springs offers
One who is owed money.
The State Bank of Bement is a community bank with one bank location based in Bement, Illinois. The bank was established on January 17, 1914. State Bank of Bement has been FDIC insured since January 1, 1934. State Bank of Bement is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal
Five Star Bank is engaged in predominantly commercial banking services to business owners, professionals, real estate investors, and individuals in California. The bank was founded in 1999 and is based in Rocklin, California. Five Star Bank is located in the Great Central Valley, with four locations to serve their customers. The bank has branches in
Lakeside Bank, the ninth largest bank based in Chicago, has a new certificate of deposit promotion on their short term CD account. The promotional CD has an odd term, eight month term to maturity. Lakeside is offering a rate of return on this CD account that is more than five times the national average rate
In reference to a loan, points consist of a lump sum payment made by the borrower at the outset of the loan period. Generally, each point equals one percent of the loan amount.
When two or more insured banks merge, the deposits from the assumed bank continue to be insured separately for at least six months after the merger. This grace period gives a depositor the opportunity to restructure his or her accounts, if necessary. CDs from the assumed bank are separately insured until the earliest
Old National Bancorp is the largest financial services holding company headquartered in Indiana and, with $7.6 billion in assets, announces the purchase of certain bank branches of Charter One. Old National Bancorp today announced the execution of a purchase and assumption agreement to acquire the Indiana retail branch banking network of Citizens Financial Group, which
First State Community Bank is a community bank located in southeast Missouri. First State Community Bank has been a locally owned, community bank and a Farmington landmark since its grand opening as First State Bank of Farmington on May 9, 1954. The bank has grown to become the second largest banking corporation headquartered in southeast
Banco Popular offers one of the best five year CD rates available. The CD rate for their five year term is 5.00%. The CD requires a minimum $1000.00 balance to obtain this yield. In addition to this CD rate, the bank offers a 13 month CD with a rate of 4.35% and a 4 month
Electronic check conversion is a process in which your check is used as a source of information-for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account-an electronic fund transfer. The check itself is not
A new CD rate promotion is available in Texas and Oklahoma from First United Bank based in Oklahoma. First United Bank is not only offering two new high yield CDs but, First United is taking away some of the inflexibility inherent in CD accounts with a rate bump option.
First United has two midterm accounts that
The FDIC has announced that three more banks have been added to the list of bank failures for 2009. These three banks bring the total number of bank failure in 2009 to six. Today, the FDIC announced it has become the receiver of MagnetBank in Salt Lake City, Utah and Suburban Federal Savings Bank of