Federal Deposit Insurance Corp
ParkeBank is a member of the Federal Deposit Insurance Corp. (FDIC), an independent agency of the United States government that protects the funds depositors place in FDIC-insured institutions. FDIC deposit insurance is backed by the full faith and credit of the U.S. government. The FDIC emphasizes that since it was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.
The Federal Deposit Insurance Corporation (FDIC) has permanently increased deposit insurance on all accounts to $250,000 per depositor.
You can calculate your insurance coverage using the FDIC’s Electronic Deposit Insurance Estimator at www.myFDICinsurance.gov. For questions about FDIC coverage, call toll-free 1-877-ASK-FDIC or ask a ParkeBank representative for assistance.
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