The iBankLocal network is currently limited to banks in Northern California. New areas will be added soon.
Before you open a new account at any financial institution, understanding your deposit insurance coverage is essential.
The FDIC insures bank deposits up to $250,000 with additional coverage for joint accounts and retirement accounts. Many non-interest bearing personal and business accounts are completely covered. For more information about FDIC insurance coverage visit the FDIC site or talk to your banker.
If you are considering a relationship with a bank as an individual or business owner with loans or deposit accounts over the insured amount, we recommend that you research the bank's financial health prior to moving your accounts.
News
Boomtown Business, KDOW (AM 1220), May 8-9
Brian Garrett, CEO of Community Bank of the Bay, Tom McGraw, CEO of First National Bank of Northern California, and Nancy Sheppard, CEO of Western Independent Bankers discussing community banks and the iBankLocal program. [listen]
Bay Area Bankers Kick off ‘iBankLocal’ Initiative, San Francisco Business Times, April 30, 2010
Community Banks Reap Rewards of Customer Revolt, Sacramento Business Journal, May 21, 2010
Where You Bank Makes A Difference, The Valley Sentinel, January 2011
