As a customer of Mascoma Bank, we want to assure you that your funds remain safe here. We are a mutually owned community bank; our number one goal has always been the safety and security of our customers’ funds since our founding in 1899. We are FDIC insured, which means each depositor is covered up to $250,000. Additionally, Mascoma Bank offers products that offer FDIC coverage for larger balances. Please contact your local branch to discuss these options with one of our bankers if you have questions.
Throughout our history, we have managed our business responsibly and always with the customer at the center of our efforts. We understand the trust you place in us and work to earn it every day. If you have questions about your unique financial situation, please contact your local branch or our Customer Care Center at 888-MASCOMA (627-2662). We are here to help, as we have been for nearly 125 years.
FDIC Insurance Protects Bank Customers
- Customers’ deposits are protected by FDIC insurance. In the 88-year history of the FDIC, no one has ever lost a penny of an insured deposit.
- The FDIC insures up to $250,000 in eight separate account categories per depositor per bank. Here is more information on coverage limits. The FDIC is completely funded by the banking industry and is backed by the full faith and credit of the United States Government.
- The banking industry is well capitalized. In total, more than 99 percent of banks – including Mascoma Bank — are “highly capitalized” and far above the most stringent regulatory standards.