Temporary Liquidity
Guarantee Program
The Bank of Salem is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
The Bank of Salem was founded October 10, 1883. We have provided financial services to generations of families in and around Dent County for over 125 years. We have a long, solid history - but today our focus is on meeting our customer’s financial needs now and into the future. These are challenging times, and we are here to help.
The Bank of Salem has stable ownership, strong capital, experienced management, and an unmatched commitment to our customers and our community. Over the years we have learned what’s best for our community is what’s best for our bank.
The Bank of Salem is A Real Community Bank. We operate under the core values of community banking – Local People, Local Decisions, Local Commitment, and Local Investment. These core values are why the Bank of Salem has remained a trusted financial institution for over 125 years.
