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Dear Valued Customers,
In this time of economic challenges, it is important to work with a bank you trust.
Roundbank is safe, strong, and secure. As a member of the FDIC, our customer’s deposits are safe and insured up to the limits established by the federal law. Since 1881, Roundbank has focused on the needs of its customers and our community with a commitment to service. Although these are tough economic times, our bank is well positioned to continue serving you and the community with your deposit and loan needs for many years to come.
Simply put, our mission is: to positively impact peoples’ lives. This mission guides our decisions and actions each day. Decisions that serve you, our communities and our bank well. Everything we do revolves around our core values of integrity, respect, honesty, citizenship, and excellence. Positively impacting peoples’ lives is the fundamental basis for our existence, and it goes far, far beyond making money—it is the personal guiding star on the horizon for all Roundbank staff.
We appreciate the relationship that Roundbank has enjoyed with you and the communities it has served over the years and look forward to continuing to work together to assist in the economic recovery that is ahead.
Thank you for the continued confidence you have placed in Roundbank. Please let us know if you have any questions. We are honored to work with you.
Sincerely,
Larry Thompson
Roundbank President/CEO
Federally Backed Security
You can enjoy added peace of mind knowing that your deposits are federally insured through the Federal Deposit Insurance Corporation (FDIC), a U.S. government agency. The FDIC is backed by the full faith and credit of the U.S. government. Not one penny of insured savings has ever been lost by a customer of a federally insured bank. Each account holder's funds are insured to at least $250,000*, and retirement accounts such as individual retirement accounts and Keoghs are separately insured up to $250,000.
If your savings exceed the amount covered by the basic insurance limits, you can extend your FDIC coverage by establishing different types of accounts. The FDIC insures accounts in different ownership categories separately. You can get up to $250,000* of additional insurance for your interest in accounts owned jointly with someone else and for trust accounts of which you are a beneficiary. Detailed information about FDIC insurance, as well as a calculator that you can use to estimate your coverage, is available at the FDIC Web site,www.fdic.gov.
* On May 20, 2009 deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.) The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through June 30, 2010. Roundbank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from coverage under the FDIC's general deposit insurance rules.
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