Visiting while we build a better bank for Wellfleet
While the builders are at work, there will be two ways to drive into the Wellfleet branch. The southern driveway will be the best route to come into the branch, and the northern driveway will give you access to the Drive-Up Window and ATM.
Welcome to Seamen's Bank
Seamen’s Bank is one of the most stable financial institutions in the Commonwealth. Founded over 160 years ago as an independent bank, we continue that commitment today. A mutual savings bank, we operate for the benefit of our community and depositors, not for the profit of stockholders. Additionally, the FDIC insures all deposits up to $250,000 per depositor. All deposit amounts above the FDIC limits are insured in full by the Depositors Insurance Fund.
Transaction Account Guarantee Program
Seamen’s Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, all funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
|
