Dear Friends, Neighbors, and Customers,
As you have heard regulators closed two banks within the United States over the weekend. We want to pause and assure you that Generations Bank remains well-capitalized and well-positioned to continue to serve our customers and communities for generations to come.
Generations Bank continues to be a safe and sound financial institution you can trust to handle your various banking needs, as we have for many years. We’ve taken pride in our relationship-based business model focused on building long-term trust with our customers. After all, we live in your community, too, and your success is our success.
If you have questions or concerns about the safety of your money, the United States banking industry, or FDIC insurance, we encourage you to reach out to us. You will find knowledgeable, friendly bankers inside any of our local branches who are ready and willing to answer any questions.
We thank you for your continued support and look forward to serving you for generations to come.
Jon Harrell
CEO/Chairman of the Board
Generations Bank
Frequently Asked Questions:
Q: Did Generations Bank have any affiliation with Silicon Valley Bank, California, or Signature Bank, New York?
A: No, Generations Bank is owned by Harrell Bancshares based in Rogers, Arkansas. We operate within the following communities: Bentonville, Camden, Fayetteville, Hampton, Junction City, Kimberling City, Rogers, Siloam Springs, and Van Buren.
Q: Where can I find more information about FDIC insurance?
A: While we welcome you to call or come by any of our local branches to talk about FDIC insurance, we also want to offer you these official resources:
Understanding Deposit Insurance: https://www.fdic.gov/resources/deposit-insurance/understanding-deposit-insurance/index.html
Deposit Accounts and FDIC Insurance: https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/index.html
Deposit Insurance FAQs: https://www.fdic.gov/resources/deposit-insurance/faq/index.html
Q: Do I need additional insurance coverage for my deposits?
A: The standard deposit insurance amount is $250,000 per depositor, per FDIC-insured bank, per ownership category. If you have questions about whether additional insurance coverage is needed, our team of trusted and experienced bankers is prepared to work with you to ensure your deposit needs are met.
To calculate your specific deposit insurance coverage, you can use the FDIC’s Electronic Deposit Insurance Estimator (EDIE), found here: https://edie.fdic.gov/.