A Message from Steve Gilmer, President
With recent news surrounding the bank failures in California you may have concerns about the safety of your own deposit accounts. At State Bank of Delano, you can be confident that your insured deposits are safe and backed by the full faith and credit of the Federal Government through the Federal Deposit Insurance Corporation (FDIC).
The Federal Government has insured funds held in an FDIC Insured community bank for up to $100,000 and $250,000 for certain retirement accounts. Since the FDIC was founded in the 1930's, no one has ever lost a penny of FDIC Insured funds.
State Bank of Delano is well-capitalized and financially stable. Our assets are well-diversified with very little exposure to sub prime real estate loans. Most banks experiencing difficulty today are those that relied very heavily on the sub prime residential real estate market for their growth and profitability. We have not.
Please feel free to call State Bank of Delano with any questions or concerns you may have. Thank you for your continued confidence in State Bank of Delano.
Steven R. Gilmer, President/CEO
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For comments & questions contact info@delanobank.com.
