Citizens Union Bank Revenue and Competitors

Citizens Union Bank understands that consumers are concerned about the recent news reports surrounding the banking industry. Specifically, IndyMac Bank F.S.B. based in California, which was closed by the Office of Thrift Supervision on July 11, and the Federal Deposit Insurance Corporation (FDIC) was named conservator. Many consumers are wondering, "Could this happen to my bank?" To help ease your mind, we want you to know that Citizens Union Bank is safe and sound. We are an entirely different institution than IndyMac. We are a community bank and a traditional lender. IndyMac was a west coast bank and originator of nontraditional loans, including subprime loans. In addition, Citizens Union Bank is insured by the FDIC. Backed by the full faith and credit of the U. S. Government, FDIC insurance covers up to $100,000 per person, plus $200,000 per joint account (with spouse, child or someone else), plus $250,000 for most retirement accounts, such as Individual Retirement Accounts. The FDIC was created in 1933, and since that time not one consumer has ever lost a penny of FDIC insured funds. We are committed to serving our customers and our community with care and integrity. Please contact us if you have any questions or concerns at all. Our doors are open, and will remain that way.