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Dear Customers, Friends and Neighbors,
In these challenging times, many of you may have questions about the safety and security of your money and how the current economic environment will impact you and your family.
First of all, I’d like to take a few minutes to let you know why you should feel confident about having your banking relationship with us:
In addition to our strength as a financial institution, your money is also backed by the credit of the United States Government through FDIC insurance.
Congress recently passed an important piece of legislation to tackle many of the challenges taking place in the financial markets and the US economy. A significant component of this bill has increased the deposit insurance coverage of the FDIC – Federal Deposit Insurance Corporation – available for all individuals from $100,000 to $250,000. This new coverage level is automatically provided to you, so you don’t need to take any action. In addition, greater coverage may be available for joint accounts, alternative ownerships, and IRA’s. If you are interested in learning more about FDIC insurance coverage, just click on this link.
At Guaranty Bank we appreciate your business and look forward to serving you in the future. As always, if you have questions about your finances, I encourage you to speak with the Branch Manager at your local Guaranty Bank branch.
Sincerely, Gerald J. Levy Chairman Guaranty Bank