To Our Valued Customers,

If you’ve been keeping up with the news over the past few days, you’ve heard about the collapse of Silicon Valley Bank (SVB) and Signature Bank. In wake of these recent events, we want to assure our customers that ALL your money deposited with Wrentham Cooperative Bank is safe and secure.

Wrentham Cooperative Bank is a member of the Depositor Insurance Fund (DIF) in addition to the Federal Deposit Insurance Corporation (FDIC). This means that with Wrentham Cooperative Bank, every depositor is insured by the FDIC to at least $250,000. In addition, all deposits above the FDIC insurance amount of $250,000 are insured by the Depositors Insurance Fund (DIF).

The combination of FDIC and DIF insurance provides customers of our bank with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.

We are proud to be a member of the Depositor Insurance Fund (DIF) to provide our customers with extra deposit insurance that’s only available for Massachusetts-chartered savings and cooperative banks.

Please keep in mind that not all banks and financial institutions have additional insurance like DIF. So not all banks offer the level of deposit insurance and protection as Wrentham Cooperative Bank.

To learn more about the Depositors Insurance Fund (DIF) and their FAQs, click here.

If you have any questions, please feel free to contact us. We hope you feel safe knowing your money is protected with us and thank you for choosing Wrentham Cooperative Bank.

Sincerely,



Scott Terrien

President & CEO

Wrentham Cooperative Bank