Grundy National
Bank was established in 1964 to serve the
financial needs of the community while making a profit. Our strong capital base and good
earnings have allowed us to make the technological enhancements
required by the changes that are taking place in the banking industry.
So join us online, browse through our services and if you are one of
our customers, sign up for online banking. Inquire about our new bill
paying access, or just come by one of our locations and visit with us.
When looking for the best in
banking, look no further than Grundy National Bank, the "Peoples
Bank"!
GRUNDY NATIONAL BANK and CLINCH VALLEY BANK
A DIVISION OF GRUNDY NATIONAL BANK
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from December 31, 2010, through December 31, 2012, all funds in "non-interest-bearing transaction accounts" are insured in full by the Federal Deposit Insurance Corporation. This unlimited coverage is in addition to, and separate from, the coverage of at least $250,000.00 available to depositors under the FDIC’s general deposit insurance rules.
The term "non-interest-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 any transaction account that may earn interest, such as a negotiable order of withdrawal ("NOW") account or money-market deposit account.
The temporary full insurance coverage of "non-interest-bearing transaction accounts" expires on December 31, 2012. After December 31, 2012, funds in non-interest bearing transaction accounts will be insured under the FDIC’s general deposit insurance rules, subject to the Standard Maximum Deposit Insurance amount of $250,000.00.
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