First National Bank - Home Mortgage

First National Bank
US 231 & Stardust Hills Road
PO Box 248
Cloverdale, IN 46120
PH: (765) 795-4226 FX: (765)795-4230

First National Bank recognizes the current economic climate and the related concerns customers may have in regards to their deposits. Trends in the economy have stressed profits industry wide, and we feel proud to have come through a rough time in sound condition. Despite the fact there are challenging economic forecasts indicated for 2009, FNB is still well positioned to remain to be a sound community bank in the future

With our customers in mind we have secured for our customers several participatory programs to assist in helping you, our customer, not only hold on to your money, but put it to work for you in a safe and secure, insured environment.

First, the Federal Deposit Insurance Corporation (FDIC) recently increased coverage on deposits from $100,000 per owner account to $250,000 until December 31, 2009. This is great news for depositors as they no longer have to spread their funds across multiple banks in order to have their deposits fully insured. Once your funds cross over the $250,000 limit there are several other alternatives to keep your money working and secure. Added to the increase in the insured amount, First National Bank is participating in a new FDIC program called the Temporary Liquidity Program. Under this program , all noninterest-bearing transaction deposits above $250,000 are insured through December 31, 2009. There is no limit on the amount insured. All qualifying monies deposited will be fully covered by the FDIC through December 31, 2009. Speak to a First National Bank representative for complete details.

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