Can Silver Falls Bank customers use Citizens Bank branches?
The transferred accounts will be separately insured for at least six months after the merger. This grace period gives a depositor the opportunity to restructure his or her accounts, if necessary. CDs from the assumed bank are separately insured until the earliest maturity date after the end of the six-month grace period. CDs that mature during the six-month period and are renewed for the same term and in the same dollar amount (either with or without accrued interest) continue to be separately insured until the first maturity date after the six-month period. If a CD matures during the six-month grace period and is renewed on any other basis, it would be separately insured only until the end of the six-month grace period.
No, not at this time. During the transition of Silver Falls Bank records to Citizens Bank systems, Silver Falls Bank customers should continue to conduct their banking business at former Silver Falls Bank branches. You will be notified when you can use Citizens Bank branches. Similarly, existing Citizens Bank customers cannot use former Silver Falls Bank branches and should continue to conduct their business at Citizens Bank branches. Back to top I already have other deposit accounts with the new bank. When combined with balances at this bank, my deposits exceed $250,000. Are all funds insured? The transferred accounts will be separately insured for at least six months after the merger. This grace period gives a depositor the opportunity to restructure his or her accounts, if necessary. CDs from the assumed bank are separately insured until the earliest maturity date after the end of the six-month grace period. CDs that mature during the six-month period and are renewed for the same te
