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Safe. Secure. FDIC Insured.Confidence in Uncertain Times. With today’s headline news reminding us every day of the economic crossroad our country faces, our top priority is making sure your money is safe and your borrowing needs are met. Parkvale remains a safe and well-capitalized bank that has served Pittsburgh and the surrounding communities for over 65 years. We like being your bank and we like helping you sleep at night. Together, we will work through these unprecedented times. $250,000 Extended Through December 31, 2013. Effective May 20, President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) through December 31, 2013. Prior to this extension, the $250,000 FDIC Insurance, which was increased from $100,000 on October 3, 2008, was due to expire on December 31, 2009. FDIC insurance covers all types of deposits received at an insured bank, including deposits in checking and savings accounts, money market deposit accounts and certificates of deposits. In addition, federal law provides for insurance coverage of up to $250,000 for certain retirement accounts. Your Deposits are safe. Parkvale is FDIC Insured. As a member of FDIC, you can rest assured that your deposits at Parkvale are insured up to $250,000 as authorized by the FDIC. Since the FDIC was founded over 75-years ago, no one has ever lost a penny of FDIC insured deposits. At Parkvale, we are prepared to help you structure your accounts so as to maximize your FDIC insurance. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be insured. Please don’t hesitate to speak with a Customer Service Representative at any of our 48 offices for more information or visit fdic.gov, and use the FDIC’s updated Electronic Deposit Insurance Estimator (EDIE) to verify that all your deposits are insured.
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