News and Events

Temporary Increase in FDIC Deposit Insurance Coverage

On May 20, 2009, President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) to $250,000 per depositor through December 31, 2013. This extension of the temporary $250,000 coverage limit became effective immediately upon the President's signature. The legislation provides that the SMDIA will return to $100,000 on January 1, 2014.

Transaction Account Guarantee Program

Huntingdon Valley Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. The following table lists our accounts and indicates whether or not they are eligible under this program.

Accounts ineligible under the Transaction Account Guarantee Program are covered under the standard FDIC insurance limits of $250,000.00 per depositor, as noted above. 

In addition to the accounts listed above, all official checks of Huntingdon Valley Bank and all accounts identified as Lawyers Trust Accounts, (IOLTA) are fully covered by this Transaction Account Guarantee Program.

Huntingdon Valley Bank’s New Generations Gold® Checking Program Promotes Local Spending by Saving Customers Money

In just a few days, Huntingdon Valley Bank will be the first financial institution in the Bucks/Montgomery county region to offer a checking account program that saves its customers money on the everyday products and services that they buy and use the most. Huntingdon Valley Bank’s Generations Gold® checking account provides members-only discounts on groceries, department stores, prescriptions, vision care, movie tickets, travel and so much more.

“The Generations Gold® program at Huntingdon Valley Bank offers our customers an opportunity to save money on many items they typically purchase, and on many of their typical monthly activities. We are really excited about the tangible value our customers will receive from this program,” said Jim Gillen, Huntingdon Valley Bank President and Chief Executive Officer. “Simply stated, HVB customers will realize savings that others will not. Our exclusivity arrangement for this service will clearly differentiate Huntingdon Valley Bank from other banks and credit unions in our markets.” 

For a small monthly fee that more than pays for itself with these special discounts, Huntingdon Valley Bank customers can begin taking advantage of significant savings on Sept. 8 with the bank’s official launch of its Generations Gold® program. “Depending on a family’s spending habits the typical family can save hundreds of dollars annually, and much more when they take advantage of the program’s travel, restaurant, grocery club and major attraction discounts.  The depth of this program is tremendous and we are excited for our customers. I think we’ll see more smiles this Holiday Season.” Gillen said.

For more information on Generations Gold®, visit http://www.generationsgold.com/.