Partners in our Community
Pelham Banking Company is committed to participating in community events.
Another committment is our local School System. While we realize concern over dropouts isn't new to those in our local school system, many outside of public education are now beginning to understand the implications of its impact. The local Boys & Girls Club offer students a safe environment after school and qualified staff assist in helping students with homework. Supporting our community enables us to continue "Community Banking At Its Best"!
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html