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MBA Safety and Soundness
As a service to our member banks, the following media and customer relations material is being
provided for use at your discretion. Only your bank’s management can determine if this is
appropriate for your use.
The recurring message in these communications is that banks over all are safe and sound,
are well regulated and that deposits are insured by the FDIC.
FAQs on Capital Purchase Program Repayment and Capital Assistance Program
Click here to view the FAQs.
FDIC Quick Links for Consumers & Communities
Click here to view the information.
Stress Test Talking Points
Click here to view talking points.
Pandemic Preparedness Talking Points
Click here to view the toolkit.
Emergency Preparedness Toolbox
Click here to view these talking points.
Safety and Soundness Talking Points - Texas Ratio and Other Lists
Click here to view these talking points.
FAQs -- New
Get answers to frequently asked questions about the TARP, CPP and credit crunch here.
Editorial: Is it a bank bailout? Separating fact from fiction -- New
Read an editorial describing the TARP and CPP.
Capital Purchase Program (CPP) is an Invested in Healthy Banks NOT a Bank Bailout -- New
Get the facts about the CPP here.
CPP News Release -- New
Read the Capital Purchase Program Invests in Healthy Banks Across the Country news release.
FDIC News Release -- New
Read Legislation Raises FDIC Coverage: Bank Customer Deposits Secure to $250,000
news release.
Listen
to MBA Chairman Doug Chaffin speak about banking and the economy.
Your Media Connection
Please take a moment to view this handout as it contains a compilation of media tips, talking points, news clips and
industry information from various sources. It is intended to offer guidelines and examples to assist you with your bank's
communications efforts. Please contact our office at 517-485-3600 if you would like to obtain a hard copy of this handout.
Click here to view the handout.
Coping with the Economy: The State of Banking in Michigan Interview with Dennis Koons, President and CEO of the Michigan Bankers Association
Click here to view the article.
View from Main Street: Interview with Dennis Angner, CEO of Isabella Bank Corp, Michigan
Click here to view the article.
Commerce Web Site Intended to Help Consumers Avoid Forecloses, Find Jobs and Protect Savings
Click here to view the Web site.
Temporary Liquidity Guarantee Program Questions and Answers
Click here for questions and answers.
MBA Media Efforts Continue
Please take a moment to review this Channel 12 coverage of banking issues. Particularly in this environment,
this is an incredibly positive story. Many thanks to David Dunn and Wolverine Bank. Click here
to view the Channel 12 video clip.
Brochures Highlighting The New $250,000 Now Available
With passage of legislation to foster economic
recovery and ease consumer concerns, Congress has authorized an increase in the basic FDIC coverage
from $100,000 to $250,000, effective immediately. This substantive change is designed to bolster consumer
confidence in the safety of their money in banks and in the strength of the banking system. It is critical
that banks educate their customers about this important change. Click here
to view brochures.
FAQs Purchases, Mergers and Deposits
Click here for a list of frequently asked questions.
Stabilization Act and my Bank
Click here for more information on the Stabilization Act.
NEW: How Do Failures, Mergers and Takeovers Affect Me?
Click here for a list of questions and answers about failures, mergers and takeovers.
Questions and Answers on Bank Safety and Soundness -
Click here for Frequenlty Asked Questions
MBA FDIC Secures Bank Customer Deposits News Release
Read why a bank is the safest place for your money in this news release thatdescribes how Consumers' deposits in their local bank are insured
by the Federal Deposit Insurance Commission (FDIC) that banks are required to purchase. While Michigan banks are facing the same economic
struggles faced by the state’s businesses and consumers, customers should understand that their deposits are safe.
Click here for a customizable copy of this news release.
Fill in underlined portions with your bank's information.
Safety and Soundness Talking Points
Use these
talking points when talking to customers and media.
Ten Simple Rules for Working With the Media
Refer to these
simple guidelines when interacting with the media.
FDIC Information
Deposits insured by the FDIC are protected. Download
this brochure for more information. You can also visit the FDIC Web site
and use their Online Electronic Deposit Insurance Estimator for Consumers.
ABA Safety and Soundness Kit
Visit the American Banker Association's Web site for information.
Information on Bear Stearns
The purchase of Bear Stearns has focused a lot of attention on the financial services industry and especially on banks.
This has raised some confusion, as institutions that perform many different types of services are called “banks.”
We hope you will find following information useful in your reporting.
Commercial bank and thrift institutions take deposits for checking and savings accounts from consumers and businesses.
These deposits are insured by the Federal Deposit Insurance Corporation for up to $100,000 per account and up to $250,000
for retirement accounts. To get this FDIC protection, commercial banks must follow a multitude of regulations based on a
standard of safety and soundness. These banks lend this money to consumers and companies for autos, homes, business equipment, etc.
Investment banks operate differently. The primary purpose of these firms is to facilitate the sale of stocks and bonds,
and they cannot accept federally-insured deposits. Instead, these Wall Street firms operate as advisers and agents for
companies that want to raise capital, often by issuing more stock or other securities.
Information on IndyMac
The Office of Thrift Supervision (OTS) closed the $32 billion IndyMac Bank, headquartered in Pasadena,
California, and transferred operations to the Federal Deposit Insurance Corporation (FDIC). Depositors’
accounts at IndyMac are insured by the FDIC’s Deposit Insurance Fund up to the statutory limits.
Click here for information.
Additional Consumer and Banker Resouces
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