News & Events

Latest News & Events

BLISSFIELD STATE BANK RANKED AS ONE OF THE NATION'S SAFEST BANKS
February 23, 2011
"Seifried & Brew LLC is proud to announce that Blissfield State Bank has been ranked as one of the safest banks in our nation, based on the Seifried & Brew Total Risk Index."

See the S&B Performance/Risk Report for BSB  |  See the S&B Total Risk Index

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
February 14, 2011
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Changes in Overdraft Privilege
August 15, 2010
Effective August 15, 2010, regulatory changes have affected the way we handle overdrafts caused by ATM and everyday debit card transactions for consumer checking accounts.
More info...

FDIC $250,000 Deposit Insurance Now Permanent
July 22, 2010
The FDIC reminded consumers that the signing of the Wall Street reform bill into law permanently increases the maximum deposit-insurance amount to $250,000. The agency encouraged depositors with questions about insurance coverage to use its Electronic Deposit Insurance Estimator or call (877) ASK-FDIC. Separately, the FDIC also released a news release noting that the additional coverage is retroactive to Jan. 1, 2008, and affects depositors at six banks that failed between that date and Oct. 3, 2008.

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