Temporary Liquidity
Guarantee Program
Beginning July 1, 2010, the Bank of Salem will no longer participate in the FDIC's Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rule.
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.
