CreekSide Bank is participating in the FDIC's Transaction Account Guarantee Program (TAG). 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 Transacation Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

How do I know that my deposits are safe at CreekSide Bank?

• We are NOT an investment bank.
• We are NOT a subprime lender.
• The Bank has $7.9 million in tier 1 capital as of March 31, 2010.
• The Bank has $9.0 million in total risk based capital as of March 31, 2010.
• The Bank’s tier 1 leverage capital ratio is 6.82% as of March 31, 2010.
• The Bank’s tier 1 risk based capital ratio is 8.87% as of March 31, 2010.
• The Bank’s total risk based capital ratio is 10.12% as of March 31, 2010.


To verify PCA standards per the FDIC Click here

You can research and compare financial institution data at the FDIC website searching for UBPR (Uniform Bank Performance Report) in order to get more details, but please call us if you have questions.

http://www4.fdic.gov/UBPR/UbprReport/SearchEngine/Default.asp

Direct UBPR link:

https://cdr.ffiec.gov/public/ManageFacsimiles.aspx

If I have over $250,000 in deposits with CreekSide Bank should I move deposits exceeding $250,000 to another FDIC insured bank?

• As of October 14, 2008, All non-interest bearing transaction deposit accounts at an FDIC-insured institution, including all personal and business checking deposit accounts are fully insured for the entire amount in your deposit account. This unlimited coverage is temporary and is in effect until June 30, 2010.
• The standard insurance amount currently $250,000 per depositor. The $250,000 limit is permanent for certain retirement accounts, which includes IRAs. The $250,000 limit is temporary for all other deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except certain retirement accounts, which will remain at $250,000 per depositor.
• We can show you ways to maximize your coverage so that you may qualify for more than $250,000 in coverage at one single insured bank.
• The FDIC says that a family of four can have well over a million dollars in insured deposits with one institution when their accounts are structured properly.
• Visit www.fdic.gov/edie to calculate the insurance coverage of your accounts at each FDIC-insured institution.

If a bank fails, how can I be sure that the FDIC will cover my deposits?

• The FDIC guarantees protection against the loss of insured deposits of an FDIC-insured bank.
• Since its creation 75 years ago, they have handled the failure of more than 2200 insured financial institutions and “No one has ever lost a penny of FDIC-insured deposits.”

Best advice to customers

• Avoid taking unnecessary, drastic actions. If your deposits don’t exceed FDIC insurance coverage limits, there is no need for you to be concerned.

If I want information about my bank’s health, where can I go?

• Visit www.fdic.gov and click on the link for bank rating services.
  
  
  
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