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UpvotesIs Farmers National Bank FDIC insured?
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Ramses Delgado
Yes, a Farmers National Bank account is FDIC-insured up to $250,000 per customer, per account ownership category. This means that even if Farmers National Bank fails, you will eventually be able to recover an individual account's balance up to $250,000.
If you have a joint account, each co-owner of the account is considered a separately insured customer. As a result, you can collectively recover the account's balance up to $500,000 in the event of a bank failure, assuming you have no other shared accounts.
Farmers National Bank Products Covered by FDIC Insurance
- Checking accounts
- Savings accounts
- Certificates of deposit (CDs)