Recent news and activity around the world have caused many people to contact us with concerns about the markets, deposits, and the overall stability of things.
We would like to take a moment to reassure our customers:
- American Federal is well-capitalized and well-positioned to weather potential economic events. Founded in 1891, we are a are long-established institution dedicated to the communities we serve.
- Our performance is rated superior by national financial services rating organizations. We have a long history of stability, steady growth, and strong returns. Our success has come through solid business practices, acquisitions, and strategic growth.
- Your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. No consumer has lost a single penny in the history of this insurance fund. You don’t have the same level of protection when your money is outside the banking system.
- Your banker can advise you on how you can maximize FDIC coverage on your deposits.
Should you have any further questions, please reach out to your local American Federal Banker, who would be happy to answer your questions.