Go Local During Community Banking Month

Dakota Heritage State Bank celebrates Community Banking

 

April was Community Banking Month, and the Independent Community Bankers of America (ICBA) and Dakota Heritage State Bank are encouraging consumers and small business owners to Go Local by banking locally with a community bank.  Because community banks put local deposits back to work in the community, and are financial first responders both in good times and in bad, consumers will be reinvesting in their neighborhood and making it a better place to live and work for generations to come. 

 

States, local governments, and community banks recognize Community Banking Month.  Some community banks partner with local charities to host special events, while others promote economic development initiatives. Many community banks traditionally mark the month by highlighting their community service or financial education programs.

 

“Community banks proudly embody the American spirit of Main Street by lending to local small business owners, helping area families achieve financial stability and enabling their local economy and community to thrive.  And this isn’t a new phenomenon.  Many community banks have been around for over a hundred years, and like mine, many are still family owned and operated,” said Jeff Gerhart, ICBA chairman and chairman of Bank of Newman Grove, Neb.  “I’m so proud to be a community banker and I’m thrilled to celebrate Community Banking Month by encouraging consumers and small business owners to Go Local so they too can realize the benefits of  banking locally, and make a real difference in their community and local economy.”  


By driving local economies and creating local jobs, community banks—which are small businesses themselves— are an integral part of our nation’s financial system. Of the more than 7,000 community banks across the country, nearly 5,000 are ICBA members. Representing more than 24,000 locations nationwide and employing nearly 300,000 Americans, ICBA members hold more than $1 trillion in assets, $1 trillion in deposits, and nearly $750 billion in loans to consumers, small businesses and the agricultural community. Located in small towns, suburbia and big-city neighborhoods, community banks improve the nation’s communities by lending to local customers and funding nearly 60 percent of all small businesses under $1 million. 

“We at Dakota Heritage State Bank  are relationship lenders that only thrive when their customers and communities do the same, so taking care of our customers and looking out for the best interest of our community is the way they do business,” said John Baumiller, President of Dakota Heritage State Bank.  

 

In celebration of community banking month, Dakota Heritage State Bank, randomly selected five customers and gave each of them $100 to donate to the community group or charity of their choice in their Pay it Forward promotion. Employees from Dakota Heritage State Bank will also be taking the “Teach Children to Save” message to nearly 250 students in the Lennox Elementary School.

DID YOU KNOW??

U.S. Savings Bonds are going paperless! No more paper savings bonds through financial institutions or mail-in orders after December 31, 2011. You can buy electronic savings bonds safely, 24/7, through TreasuryDirect: www.treasurydirect.gov.

 

 

 

Attention Internet Banking Users: Dakota Heritage State Bank reminds you that Internet Banking will not ask you to enter personal or account information during the login process or for any Internet Banking pages where the information requested is not relevant to the transaction. You should not enter sensitive data if you are prompted to do so. Also, any system accessing Internet Banking should have anti-virus and anti-malware installed and the software definitions kept up-to-date.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a noninterest-bearing transaction account are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, 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.
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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. (These other accounts will be insured under the general deposit insurance rules of at least $250,000.)
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.