News Bulletin
FDIC: Permanently raises Insurance Coverage to $250,000
The FDIC permanently raised the current standard maximum deposit insurance amount to $250,000. That coverage limit applies per depositor, per insured depository institution for each account ownership category. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until Dec. 31, 2013.Read about the permanent insurance maximum
Debit Card Overdraft Protection
It’s time to make a choice regarding your debit card overdraft protection
A government regulation is changing how banks offer overdraft services. Here’s an overview of the changes and some of the frequently asked questions. Our employees are here to answer your questions and help you determine the best choice in overdraft protection to meet your specific needs.
Overview of ChangesDue to changes in government regulations, effective August 5, 2010, Debit Card Overdraft Protection can no longer be included as an automatic feature of your account for ATM and one-time debit card transactions. If you currently have Overdraft Plus on your checking account you will continue to receive overdraft coverage for checks, automatic bill payments (online bill pay), recurring debit card transactions (ex. utilities or gym membership) and ACH transactions. Learn more
Extended: FDIC Non-Interest Bearing Deposit Coverage
The FDIC has extended the Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-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 the coverage available under the FDIC's general deposit insurance rules.
This announcement is great news for businesses and other customers that carry high checking balances in payroll and expense accounts but still want the security of FDIC insurance.
For all interest bearing accounts, the current $250,000 per depositor coverage limits will apply. These include interest checking, money market, savings, certificate of deposit and IRA accounts. For more information on FDIC coverage click here or visit www.myfdicinsurance.gov
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New Website for Homeowners Seeking Relief
The Department of the Treasury and the Department of Housing and Urban Development launched a new Website for consumers seeking information about the Making Home Affordable loan modification and refinancing program. The site -- www.MakingHomeAffordable.gov -- offers interactive self-assessment tools to help borrowers determine if they are eligible to participate and calculate the monthly mortgage payments reductions under the program.
A Message from President and CEO, Brian L. Vance
Heritage Bank has been in business for more than 80 years. We are proud of our strong liquidity, capital position, credit quality and earnings... read complete message
Listen Now: President & CEO, Brian L. Vance








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