This announcement is great news for businesses and other customers who need to carry high checking balances in payroll and expense accounts, but still want the security of FDIC insurance and the convenience of maintaining all accounts at Venture Bank.

All interest-bearing accounts remain covered up to a quarter-million dollars per depositor. These include interest checking, money market, savings, certificate of deposit and IRA accounts. In addition, Venture Bank has ways to significantly increase the amount of coverage for interest-bearing accounts.

Here are the most current FDIC insurance coverage limits for interest-bearing accounts:

• Single Accounts (owned by one person) - $250,000 per owner
• Joint Accounts (two or more persons) - $250,000 per co-owner
• IRAs and certain other retirement accounts - $250,000 per owner
• Trust Accounts - $250,000 per owner per beneficiary*
  (*Commonly known as payable-on-death [POD] or living trust accounts. Subject to specific limitations and requirements. Beneficiaries were recently expanded to include a person, charity or non-profit organization.)

If you have questions about these changes or if you’d like to make sure you’ve maximized your FDIC insurance coverage, stop in to your local financial center or call us at 1-888-373-2265.

You can also estimate your current FDIC insurance coverage online by visiting the FDIC insurance estimator.

Venture Bank customers can now receive their bank statements electronically!

E-statements are…

EASY. Any customer with online banking will be able to enroll for e-statements with just a few clicks. Then, next time your statement is ready, you will simply receive an e-mail at your home e-mail address notifying you that your statement is ready then follow a link to view and save your new statement. (Click here to see a sample e-statement.)

SECURE. The e-mails you receive will have a special “security phrase” in the subject line that you set so you know it’s not spam or a phishing attempt. And, when you click on the link to view your statement, you will need to sign in using your secure online banking user ID and password (PIN) to view your e-statement.

PAPERLESS. Along with being more environmentally friendly, you will significantly reduce the amount of space needed to store and file bank statements. They can be saved to a secure location on your home computer so you always know where they are when you need them!

For more details, call us at 1-888-373-2265 or, if you're already an Online Banking customer, simply sign-in to your Online Banking account and click on "E-Statements."

To address the rapid of identity theft in America, Venture Bank is now offering all of our customers LifeLock, a proven, successful system developed to prevent identity theft before it occurs.LifeLock works to protect your identity and offers a one million dollar service guarantee.

As a Venture Bank customer, you receive a 10% discount on this service so your cost is only $99 a year for adults ($9.00 per month) and $22.50 a year for children 15 and under ($2.25 per month). Click here to enroll and enter VBWEB as your promotion code. To learn more about what to expect when you enroll click here.

When you’re ready to open one of our great new accounts, call us at 1-888-373-2265 or stop into any of our 18 financial center locations.