In light of the recent news surrounding California-based Silicon Valley Bank (SVB), you may have some questions regarding the security of your bank deposits.
We stand ready to help businesses and individuals with banking solutions that are safe and sensible.
It is important for you to know that all deposits at Bluestone Bank are 100% insured. This is made possible through the Federal Deposit Insurance Corporation (FDIC), which insures at least $250,000 of deposits, and our membership in the Depositors Insurance Fund (DIF), which insures all additional deposits above that amount. No depositor has ever lost money in a bank insured by both the FDIC and DIF.
You can find more information about the DIF here:
DIF - Depositors Insurance Fund (difxs.com)