Valley Capital Bank, N.A.
Creative Banking. A Capital Idea.
The FDIC announces unlimited deposit insurance for non-interest bearing transaction accounts!!
Valley Capital Bank is a locally owned, full service bank specializing in serving the needs of consumers and small to medium sized businesses. Local ownership and management enables Valley Capital Bank to respond quickly and creatively, providing customers with highly personalized one-on-one service.
Valley Capital Bank takes your financial security seriously and offers this information to assist in the success for both our consumer and business clients.
10/14/2008 – Depository institutions will be able to provide full deposit insurance coverage for non-interest bearing deposit transaction accounts, regardless of dollar amount. This new, temporary guarantee will expire at the end of 2009. This program may be opted out by financial institutions; Valley Capital Bank will be a participating bank.
10/03/2008 – FDIC raises the basic limit on coverage from $100,000 to $250,000 per depositor. The legislation provides that the basic deposit insurance limit will return to $100,000 after December 31, 2009. This includes all current eligible accounts and did not increase coverage for retirement accounts; it continues to be $250,000.
09/26/2008 – Up until today the FDIC rules provided that Payable on Death (“POD”) accounts could be insured on a per beneficiary basis up to $100,000 per beneficiary, but only if the beneficiary was “qualifying.” In order to be “qualifying,” a beneficiary had to be a spouse, child, grandchild, sibling or parent of the owner of the account. Now virtually any beneficiary may potentially qualify for per beneficiary coverage.
Valley Capital Bank’s deposit relationship managers are ready and eager to assist you in a complete analysis of your insured accounts. You can contact them at our main number of 480-760-4000, toll free of 877-619-0977, or direct at the numbers listed below:
Kathy Swann 480-760-4051
Shaun Jeffs 480-760-4034
Ashlea Hocking 480-760-4043
Call them today!
Remote Deposit Demo
Preview how this amazing product will simplify your business banking! View the Demo.
New Additions
Valley Capital Bank is pleased to announce the promotion of Mrs. Ashlea Hocking to the position of a relationship manager. Ashlea moves into this position from our Operations Department. There she worked in new accounts, teller services and operations. Many of you who visit the Bank have come to know and appreciate Ashlea and what she provides through excellent customer service.
Ashlea will continue to enhance the Bank’s mission and will continue to provide the level of service you have come to know and expect. As a Relationship Manager she will have the time to focus on your needs and expectations. Ashlea is a native of Arizona and understands this area, market and your needs.
Ashlea would love to hear from you anytime. You can reach her at 480-760-4000, 480-760-4043 (direct line) or via e-mail.