|A Message From Friona State Bank|
Your bank is doing fine! But with all the news attention the national banks are getting, you want to know that your money is in the best hands possible. That’s why Friona State Bank is a solid choice for long-term financial security. Friona State Bank is not only standing strong — it’s growing and building a more prosperous future. So you can rest easy knowing that you’re with an organization that has the experience, resources, and staying power to help you ensure your financial success.
Now more than ever, it’s important for you to work with a bank that has a reputation for responsible, insightful local decision-making. Friona State Bank has no securities or investments with Freddie Mac or Fannie Mae and our loans and deposits are with local people we know and trust.
Friona State Bank insures deposits through the FDIC (Federal Deposit Insurance Corporation), which is an independent agency of the United States government. The FDIC protects you against the loss of your deposits if an FDIC-insured bank or savings institution fails. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC’s creation in 1933, no depositor has ever lost even one penny of FDIC-insured funds. The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.