Putting Things Into Perspective, Not Under The Mattress

Uncertainty is stressful and oftentimes scary.  And, to say that things have been surreal lately would be an understatement.  First National Bank understands that tensions might be running high. Please know that we continue to stand together with our communities through these challenging times and that most assuredly, your money is safe and secure. 

As the COVID-19 virus spreads throughout the country, banks have noticed an increase in cash withdrawals.  It’s important to understand that the safest place for your money is inside a bank.

“The safest place for your money is inside a bank. Banks will continue to ensure that their customers have access to funds either directly or electronically,” the FDIC said.

While fear may be impacting many financial decisions, the current crisis stems from the reaction to the coronavirus and not in any way a systemic banking problem.

Be aware that there are just too many risks involved when money is taken out of a bank instead of keeping it in an account.  If money is lost, stolen or destroyed it is not insured and it cannot be replaced.

Deposits with an FDIC-insured bank or savings institution will continue to be protected up to at least $250,000.

  • The FDIC covers the traditional types of bank deposit accounts – including checking (DDA) and savings (SAV) accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs).
  • The FDIC insures deposits according to the ownership category in which the funds are insured and how the accounts are titled. The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposits held in different ownership categories are separately insured, up to at least $250,000, even if held at the same bank. For example, a revocable trust account (including living trusts and informal revocable trusts commonly referred to as payable on death (POD) accounts) with one owner naming three unique beneficiaries can be insured up to $750,000.
  • FDIC’s Electronic Deposit Insurance Estimator (EDIE) is a great tool for determining deposit insurance coverage, available at https://edie.fdic.gov/. In addition, the FDIC website has a wide range of other links that can help you determine your deposit insurance coverage.

Although many of our branches have limited operations during this time for the safety of our employees and customers, we’re proud to offer a broad array of personal and business solutions to keep your finances on track.

You can deposit checks from home, pay your bills online, make purchases with your mobile wallet and more.

The Center for Disease Control and Prevention recommends contactless payments.

While we reconsider the cleanliness of cash: Options such as Mobile Wallet, Bill Pay, Mobile Deposit and Popmoney (person to person payments) are all great alternatives. – Click here to read more.

Remember, we’re here for you!  If you have questions or concerns, feel free to contact your local branch during regular business hours.  We also have plenty of experts on hand to assist with any of our contactless options.  Feel confident that we’ll be able to help, even if you’ve never used internet or mobile banking before.

Lastly, if you’ve been affected by COVID-19 related developments, contact us to discuss your individual situations and needs. Thank you for your continued partnership with First National Bank.

*Messages and data rates may apply to mobile options.

ATM / Debit Card Contacts

Report card lost or stolen
During business hours, contact your local branch. After hours, please call 1-888-263-3370.

Respond to an alert
We’ll notify you by email, phone call or two-way text alert when suspicious debit card activity is detected. Respond by calling us at 1-855-961-1602.

Reporting Possible Fraudulent Activity

Contact your local branch
or call 1-800-555-6895.

If you believe your personal information has been compromised, immediately contact First National Bank.

Federal Trade Commission
Scam Alerts
To learn more about avoiding and reporting scams please visit the Federal Trade Commission.