Bar Harbor Savings and Loan Association (BHSLA) wants to assure our customers and the communities we serve, that we are a well-capitalized bank that is in a strong financial position.
As a member of the Federal Deposit Insurance Corporation (FDIC), your deposits are safe with us and are insured up to the FDIC insurance limits.
The FDIC is an independent government agency that oversees the banking industry. Its primary duty is to insure deposits, such as, checking accounts, savings accounts, money market deposit accounts and certificates of deposit at U.S. member banks. No account holder has ever lost deposit dollars up to the $250,000 insurance limit.
The banking system remains strong and resilient. The regulators have effective tools to address the type of events which have recently surfaced in the news.