Independent Banker - January 2021 - 14

CURRENCIES
NOTABLE QUOTE
" Out of our collective pain
as a nation, we will find
collective purpose to control
the pandemic and build
our economy back better
than before. "
-JANET YELLEN, U.S. TREASURY SECRETARY NOMINEE, IN A DEC. 1 SPEECH
HISTORY LESSON
SMALL BUSINESSES SPEAK OUT
From the Great Depression
to today: The FDIC
Created during an unprecedented
banking crisis, the FDIC continues to
support consumer confidence.
" Having a local community bank, you're not going
to get a phone call, as I have in the past, saying, 'You
no longer can have your credit line, because this
ZIP code has lost its value.' That was literally how I
received the message. No. We're going to have those
conversations and we're going to talk business, and
that's what a community bank does. They're involved.
They know what's going on and what's moving. ...
We're all in this together. That's really the way it is. "
-DOUG FABBIOLI, A VINTNER AND THE OWNER OF FABBIOLI CELLARS IN
LEESBURG, VA., IS A CUSTOMER OF BANK OF CHARLES TOWN IN CHARLES
TOWN, W.VA.
See Doug Fabbioli's video testimonial, and those of other small
business owners, at banklocally.org
14 Q ICBA Independent Banker Q January 2021
During the Great Depression, the United
States experienced a catastrophic
number of bank failures. After a bank
holiday was declared, President Franklin
D. Roosevelt signed the Banking Act
of 1933, creating the Federal Deposit
Insurance Corporation, or FDIC.
The agency, which initially began by
insuring deposits up to $2,500, had an
immediate impact on the stability of
the country's financial institutions. In
1933, some 4,000 banks failed; in 1934,
just nine insured banks failed. In its
1950 annual report, the FDIC reported
that no depositor had lost a penny of
insured deposits.
Today, with a standard deposit
insurance amount of $250,000, the
FDIC continues to keep the nation's
savings safe. Its teams examine and
supervise banks to protect customer
deposits. It's also the preeminent
source of data on U.S. banking industry
research. Civic engagement remains
part of the agency's mission, and the
FDIC promotes access to banking
services through its nationwide Money
Smart program. -Julie Kendrick

http://www.banklocally.org

Independent Banker - January 2021

Table of Contents for the Digital Edition of Independent Banker - January 2021

Table of Contents
Independent Banker - January 2021 - Intro
Independent Banker - January 2021 - Cover1
Independent Banker - January 2021 - Cover2
Independent Banker - January 2021 - Table of Contents
Independent Banker - January 2021 - 2
Independent Banker - January 2021 - 3
Independent Banker - January 2021 - 4
Independent Banker - January 2021 - 5
Independent Banker - January 2021 - 6
Independent Banker - January 2021 - 7
Independent Banker - January 2021 - 8
Independent Banker - January 2021 - 9
Independent Banker - January 2021 - 10
Independent Banker - January 2021 - 11
Independent Banker - January 2021 - 12
Independent Banker - January 2021 - 13
Independent Banker - January 2021 - 14
Independent Banker - January 2021 - 15
Independent Banker - January 2021 - 16
Independent Banker - January 2021 - 17
Independent Banker - January 2021 - 18
Independent Banker - January 2021 - 19
Independent Banker - January 2021 - 20
Independent Banker - January 2021 - 21
Independent Banker - January 2021 - 22
Independent Banker - January 2021 - 23
Independent Banker - January 2021 - 24
Independent Banker - January 2021 - 25
Independent Banker - January 2021 - 26
Independent Banker - January 2021 - 27
Independent Banker - January 2021 - 28
Independent Banker - January 2021 - 29
Independent Banker - January 2021 - 30
Independent Banker - January 2021 - 31
Independent Banker - January 2021 - 32
Independent Banker - January 2021 - 33
Independent Banker - January 2021 - 34
Independent Banker - January 2021 - 35
Independent Banker - January 2021 - 36
Independent Banker - January 2021 - 37
Independent Banker - January 2021 - 38
Independent Banker - January 2021 - 39
Independent Banker - January 2021 - 40
Independent Banker - January 2021 - 41
Independent Banker - January 2021 - 42
Independent Banker - January 2021 - 43
Independent Banker - January 2021 - 44
Independent Banker - January 2021 - 45
Independent Banker - January 2021 - 46
Independent Banker - January 2021 - 47
Independent Banker - January 2021 - 48
Independent Banker - January 2021 - 49
Independent Banker - January 2021 - 50
Independent Banker - January 2021 - 51
Independent Banker - January 2021 - 52
Independent Banker - January 2021 - 53
Independent Banker - January 2021 - 54
Independent Banker - January 2021 - 55
Independent Banker - January 2021 - 56
Independent Banker - January 2021 - 57
Independent Banker - January 2021 - 58
Independent Banker - January 2021 - 59
Independent Banker - January 2021 - 60
Independent Banker - January 2021 - 61
Independent Banker - January 2021 - 62
Independent Banker - January 2021 - 63
Independent Banker - January 2021 - 64
Independent Banker - January 2021 - 65
Independent Banker - January 2021 - 66
Independent Banker - January 2021 - 67
Independent Banker - January 2021 - 68
Independent Banker - January 2021 - Cover3
Independent Banker - January 2021 - Cover4
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https://www.nxtbook.com/mspc/independentbanker/april2023
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https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
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https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
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https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
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https://www.nxtbook.com/mspc/independentbanker/march2019
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https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
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