As we celebrate Community Banking Month, First Keystone Community Bank (FKCB) recognizes the significant strides and accomplishments that we, as a community bank, have forged over the years.
FKCB was chartered nearly 160 years ago to serve this community. Now, almost sixteen decades later, we remain committed to the same standards and principles that laid the foundation for the solid community institution that First Keystone has become. We are a local FDIC-insured community bank that helps consumers, small businesses, and local communities thrive.
What is at the core of the community bank business model?
First and foremost, community banks like FKCB focus on serving their customers. Community banks are grounded on a relationship-based business model committed to building long-term trust with customers. We are best suited for consumers and business owners because we understand what consumers and small businesses need and want.
Community banks like FKCB develop one-on-one, face-to-face relationships with the customers we serve, and we are always ready to discuss our business model because our responsibility is to you, our customer. Community banking provides the opportunity to make a difference in someone’s life and potentially impact their future which leads to strong, vital communities.
What is the focus of FKCB?
As an FDIC-insured community bank, we focus on consumers and small businesses in diverse industries within the communities we serve. Our goal is to serve our communities for generations to come; therefore, we prioritize safety and soundness, profitability, and growth – in that order. We are mindful of our customers’ long-term interests while adhering to established banking practices.
What does it mean when a bank is insured by the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects bank depositors against the loss of their insured deposits in the event than an FDIC-insured bank or savings association fails. Its mission is to promote confidence and stability in the banking system. Coverage up to $250,000 is automatic for most deposit accounts opened at an FDIC-insured bank.
How do I know if my bank is FDIC-insured?
Community banks strive to serve as responsible financial stewards who support their customers through every stage of life. Customers banking with an FDIC-insured community bank typically receive automatic coverage of their deposits up to $250,000. If you have questions about your coverage or would like to learn more about FDIC insurance, please visit www.fdic.gov, or call FKCB at 570-752-3671.
The FDIC requires all insured financial institutions to display signs indicating their status as an FDIC-insured bank. The signs should be visible at prominent locations throughout the bank. If you’re still in doubt, ask a bank representative or visit the FDIC’s “BankFind” tool which provides details about all FDIC-insured institutions, including branch locations, website addresses, and the current operating status of the bank.
What is the current operating status of FKCB?
Because we are a COMMUNITY bank, FKCB is significantly different than large specialty banks. First Keystone remains well-capitalized and well-positioned to continue to serve our customers and our communities. Our risk management processes have resulted in strong capital and liquidity positions.
We now serve 19 branches in five regions from Montour County to the Lehigh Valley. As a community bank, we are committed to providing our customers with access to our experienced team, and we stand ready to always assist them with any questions or concerns.
We are proud to celebrate our 160th anniversary this year and we look forward to partnering with our neighbors, business owners and community organizations for many years to come. We are local banking for the community we all call home.
For more information on First Keystone Community Bank, visit fkc.bank.
