Publish Date: March 15, 2023
In light of recent national news, we can assure you Fidelity Bank & Trust is financially sound. The recently failed banks ran a much different business model including a concentration of funding from volatile tech startups and crypto-related firms.
This in not common in our area and we pride ourselves on having relationship-based lenders that gather deposits and lend locally. Iowa banks continue to have the best national measures for capital, liquidity and diversified credit quality.
ABOUT FIDELITY BANK & TRUST:
Fidelity Bank & Trust is a state-chartered bank and has two sets of regulators overseeing the operation of the bank: Federal Deposit Insurance Corporation (FDIC) and Iowa Division of Banking. We have bank exams every 18 months to ensure safety and soundness. In addition, we have our own internal audit department ensuring staff is following policy and procedures.
Because Fidelity Bank & Trust is regulated and insured by the FDIC, our customers are FDIC insured up to $250,000.00 per depositor per account ownership category. We have been in operation since 1910, are financially sound, and have grown from year to year. We are well diversified in our investments as well, which also help us be a strong, stable bank. As Your Hometown Bank, we have a long-term commitment to our customers and our financial statements show we are profitable. Throughout history, there have been economic downturns in the industry and Fidelity Bank & Trust has remained strong.
ADDITIONAL RESOURCES:
View a short video on how FDIC Insurance protects you.
