Online Banking
Safety And FDIC
Pioneer Bank & Trust ratings
Who are three of the nation's top financial institution rating agencies?
- TheStreet.com
- Bauer Financial, Inc
- BankRate.com
These top rating services all agree Pioneer Bank & Trust is one of the top banks in the country for safety and soundness.
It's no surprise, really. We are a locally owned, independent community bank. Our focus has always been on keeping our customer's money safe. We have had a history of safety and soundness right from the beginning in 1913. We've been through tough times before and today we are still rated tops in safety. When you bank with Pioneer Bank & Trust, you have the peace of mind knowing that even through rough times, we have always kept the bank and its customer's funds safe and sound.
FDIC Coverage
FDIC deposit insurance amount of $250,000 per depositor was made permanent as of July 21, 2010.
Pioneer Bank & Trust will no longer participate in the FDIC's Transaction Account Guarantee Program beginning July 1, 2010. After June 30, 2010, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program but will be insured up to $250,000 under the FDIC's general deposit insurance rules.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, thru 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 accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
