Concerned About Your FDIC Coverage?  Click here for an informative video on FDIC Insurance.

Safe and Strong Through Troubled Times
With reports in the news of some financial institutions facing losses and other problems due to subprime mortgage lending and the credit crunch, you may be wondering about the financial stability of places where you do business. We'd like to reassure you that Lake Area Bank remains strong, safe and secure. Please call or stop into any of our eight convenient locations to request a copy of our most recent “Statement of Condition.”

Federally Backed Security
You can enjoy added peace of mind knowing that your deposits are federally insured through the Federal Deposit Insurance Corporation (FDIC), a U.S. government agency. The FDIC is backed by the full faith and credit of the U.S. government. Not one penny of insured savings has ever been lost by a customer of a federally insured bank. Each account holder's funds are insured to at least $250,000*, and retirement accounts such as individual retirement accounts and Keoghs are separately insured up to $250,000.
If your savings exceed the amount covered by the basic insurance limits, you can extend your FDIC coverage by establishing different types of accounts. The FDIC insures accounts in different ownership categories separately. You can get up to $250,000* of additional insurance for your interest in accounts owned jointly with someone else and for trust accounts of which you are a beneficiary. Detailed information about FDIC insurance, as well as a calculator that you can use to estimate your coverage, is available at the FDIC Web site, www.fdic.gov.

We're Here for You
A personal banker would be happy to answer your questions and help you explore ways to increase your FDIC coverage. Call any of our eight convenient locations or stop in today! 

Please be aware that Lake Area Bank takes every precaution to protect your account information.  If you have any questions about how Lake Area Bank handles your confidential information, please read our Privacy Notice.

* On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which in part, permanently raises the maximum deposit insurance amount to $250,000. The unlimited coverage under the Transaction Account Guarantee Program is only in effect for depositors at participating institutions through December 31, 2010. Lake Area Bank is participating in the FDIC's Transaction Account Guarantee Program.  Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed in the account.  Coverage under the Transaction Account Guarantee Program is in addition to and separate from coverage under the FDIC's general deposit insurance rules.