At Cornerstone Bank we provide the services you expect from a large national bank, but with the personal touch you can only get from a local partner. Our community trusts us for personal, secure financial guidance. So when bank failures shake trust in other financial institutions, our clients know we have their back as an FDIC insured bank in Kansas City.
You’ve probably heard about the FDIC, or maybe you’ve seen their placard in our bank. But what do those letters really mean? Let’s dive in to learn why trusting a FDIC insured bank in Kansas City is the best thing you can do for your total financial security.
What happens if your deposit isn’t insured?
Modern bank collapses make headlines for all the wrong reasons. Collapses after the introduction of the FDIC are largely attributed to mismanagement of funds, negligence, and a myriad of circumstances. These disasters are easily avoidable for an FDIC insured bank in Kansas City..
Not one single person has ever lost a penny of insured deposits from an FDIC insured bank. With the accountability of the FDIC, the experience of our staff, and the assurance of knowing who you’re banking with, your finances are one less thing to worry about.
Who is the FDIC?
The Federal Deposit Insurance Corporation is a government agency with the sole purpose of maintaining confidence and stability in the US banking system. The FDIC was formed in 1933 by Congress as the great depression shook the very foundation of America. Since then, FDIC insured banks continue to provide security for businesses and individuals alike.
Who funds it?
The security comes from the funding that every FDIC insured bank pays to the US Government. Those funds can be used to prevent banks from collapsing in the event of a bank run or a variety of other unfortunate circumstances. Thanks to FDIC insured banks, the American banking system has security that citizens enjoy every day.
You should be able to rely on your bank when you need them. When you need a secure place for your money, there are a lot of things to consider. That’s why working with an FDIC insured bank in Kansas City is so important. Did you know that in the United States today, the deposit insurance cap is set not at $250,000 per depositor, but at $250,000 per depositor per institution per ownership right and capacity. This essentially means there are ways to insure amounts above the $250,000 limit. Talk to our associates about your options to keep everything secure. With backing from the FDIC, you’ll have financial stability with every deposit.
Start with a strong foundation.
Ready to start building your financial foundation? Start with Cornerstone Bank and trust your future to an FDIC insured bank in Kansas City with decades of experience. Get in touch to let us know what we can do for you. We’re happy to be the cornerstone of your financial future.