Your bank is doing fine! But with all the news attention the national banks are getting, you want to know that your money is in the best hands possible. That’s why InterBank is a solid choice for long-term financial security. InterBank is not only standing strong — it’s growing and building a more prosperous future. So you can rest easy knowing that you’re with an organization that has the experience, resources, and staying power to help you ensure your financial success.

Integrity

Now more than ever, it’s important for you to work with a bank that has a reputation for responsible, insightful local decision-making.  InterBank has no securities or investments with Freddie Mac or Fannie Mae and our loans and deposits are with local people we know and trust.

Safety

InterBank insures deposits through the FDIC (Federal Deposit Insurance Corporation), which is an independent agency of the United States government. The FDIC protects you against the loss of your deposits if an FDIC-insured bank or savings institution fails. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC’s creation in 1933, no depositor has ever lost even one penny of FDIC-insured funds. The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.

Additionally, InterBank is participating in the FDIC’s Transaction Account Guarantee Program (“TAGP”). Under the TAGP, through December 31, 2010, all “NON INTEREST-BEARING TRANSACTION ACCOUNTS” are fully guaranteed by the FDIC for the entire amount in the account. Coverage applies to all personal and business checking deposit accounts that do not earn interest, low-interest NOW accounts (NOW accounts that cannot earn more than 0.25% interest), and IOLTA accounts.

The bank’s "Tiered Super NOW” and the “Super NOW” accounts DO NOT qualify as “noninterest-bearing transaction accounts” under the TAGP, and ARE NOT eligible for the guarantee. Both NOW accounts would be eligible for the separate coverage that is available under the FDIC’s general deposit insurance rules.

Coverage under the TAGP is in addition to, and separate from, the coverage available under the FDIC’s general deposit insurance rules.

In cooperation with our holding company owned banks, we can FDIC insure deposits 10 times beyond the new limit. This figure multiplies even more with proper account structuring.

Strength

InterBank finished the first quarter of 2010 in a very strong financial position. Some of the highlights include:

Olney Bancshares, Inc (OBI), the holding company for InterBank, has total Oklahoma assets of nearly $1 billion. The bank has capital funds of $30,336,000 and a risk based capital ratio of 12.62%*, which is much higher than required for a bank of our size. This, together with applicable FDIC insurance, makes InterBank one of the safest places to put your money. As a whole, OBI has over $1.5 billion of bank assets and bank capital of over $158,000,000.

*Figures according to the 2010 first quarter call report.