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FDIC Info

Dear Valued Customers,

It is important to work with a bank you trust.

Foresight Bank is safe, strong, and secure. As a member of the FDIC, our customers' deposits are safe and insured up to the limits established by the federal law.  Foresight Bank is focused on the needs of its customers and our community with a commitment to service. Our bank is well positioned to continue serving you and the community with your deposit and loan needs for many years to come.

We appreciate you choosing Foresight Bank in Plainview, Minnesota, and we will work hard to service your needs.

Thank you for the continued confidence.

Sincerely,

Jim Severson
Senior Vice President

 

 

Federally Backed Security

You can enjoy added peace of mind knowing that your deposits are federally insured through the Federal Deposit Insurance Corporation (FDIC), a U.S. government agency. The FDIC is backed by the full faith and credit of the U.S. government. Not one penny of insured savings has ever been lost by a customer of a federally insured bank. Each account holder's funds are insured to at least $250,000, and retirement accounts such as individual retirement accounts and Keoghs are separately insured up to $250,000.

If your savings exceed the amount covered by the basic insurance limits, you can extend your FDIC coverage by establishing different types of accounts. The FDIC insures accounts in different ownership categories separately. You can get up to $250,000 of additional insurance for your interest in accounts owned jointly with someone else and for trust accounts of which you are a beneficiary. Detailed information about FDIC insurance, as well as a calculator that you can use to estimate your coverage, is available at the FDIC Website.