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Bank of Santa Clarita gets protective

Adds federal coverage to accounts

Posted: December 17, 2008 8:36 p.m.
Updated: December 18, 2008 4:55 a.m.
 

The Bank of Santa Clarita will participate in the FDIC program that provides unlimited deposit insurance coverage on its customers' non-interest-bearing checking accounts through Dec. 31, 2009.

"We believe that during these challenging economic times, the U.S. Government's decision to offer this additional level of security to checking account holders is an opportunity that Bank of Santa Clarita will accept in order to benefit our depositors," said James D. Hicken, the bank's president and CEO.

"Our consumer and business customers will greatly appreciate the safety and security added by this expanded level of deposit insurance coverage that automatically covers the entire balances of our customers' non-interest-bearing checking accounts," Hicken said.

The bank was founded in 2004 and is the only independent full-service commercial bank headquartered in Santa Clarita.

The bank's Web address is www.bankofsantaclarita.com.

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