FDIC Limit Increased permanently to $ 250,000
Effective July 21, 2010 the Federal Government permanently increased FDIC insurance to $250,000 per account holder at each financial institution. Wintrust Financial has 15 individually chartered sister Banks which allows our clients to maximize their FDIC insurance to $3,750,000. Please contact an associate for further details on the MaxSafe Reserve account.
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Advocating the use of a Lock Box for Community Associations
How can Community Associations protect themselves from possible fraud or just unintentional deposit errors and not portray the association with a negative public image? One feasible option is for Community Associations to use a lock box service from a Financial Institution to prevent fraud and safeguard assessment checks to assure they are properly deposited into the correct operating accounts.
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COMMUNITY ADVANTAGE introduces MANAGEMENT ADVANTAGE
COMMUNITY ADVANTAGE of Barrington Bank and Trust is proud to introduce MANAGEMENT ADVANTAGE. The department of the Bank exclusively designed to meet the needs of commercial property management companies.
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Community Advantage Celebrates Ten-Year Anniversary
Community Advantage will be celebrating its Ten-Year Anniversary in May 2009. We specialize in the community association market and bring a variety of unique opportunities and unmatched experience in the industry. Special ten-year anniversary promotions may apply. Please contact a Community Advantage associate for more details.
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COMMUNITY ADVANTAGE of Barrington Bank and Trust Company, N.A. is participating in the FDIC's 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.