What is the importance of FDIC insurance?

Your deposits at First State Bank and Trust are insured against loss through the FDIC (Federal Deposit Insurance Corporation). What this means is that any funds up to $250,000 per depositor in an account you have at FSBT are protected against bank failure.

To learn more about the importance of FDIC insurance and make sure you have adequate levels of coverage, please visit https://www.fdic.gov/resources/deposit-insurance/index.html.

Additionally, the Electronic Deposit Insurance Estimator (EDIE) is a tool that can help you navigate through your personal financial portfolio. 

Why is it important to have an emergency fund?

Now, more than ever, it is crucial that you have an emergency fund to prepare for life’s unexpected events. The money set aside can help pay your bills or major expenses without going into debt.

As a general rule of thumb, most financial experts suggest that you save at least three months’ worth of your salary.

For more information on building an emergency fund, visit the Consumer Financial Protection Bureau.

Do you have adequate insurance coverage?

At Valley Agencies, our agents work with over 25 carriers to get you the insurance that best fits your current needs. Since 1914, Valley Agencies has been serving the needs of the St. Croix Valley communities and surrounding areas. Let us connect you with an agent!

Additional resources to protect yourself

Visit our Consumer Protection page to learn more about how  you can protect yourself from fraud, scams, and identity theft.


Security is one of our highest priorities

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What to do to keep your money safe.

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