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The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nations financial system.
Bank of Commerce (BankCom) is one of the countrys progressive banks with a universal banking license from the Bangko Sentral ng Pilipinas (BSP) subject to regulatory requirements.
What Products Are Not Insured? Stock Investments. Bond Investments. Mutual Funds. Crypto Assets. Life Insurance Policies. Annuities. Municipal Securities. Safe Deposit Boxes or their contents.
Commerce Bank is an FDIC-insured institution and as such your funds are insured up to $250,000 by the FDIC in the event Commerce Bank fails, if specific deposit insurance requirements are met.
A: Yes. The FDIC insures deposits ing to the ownership category in which the funds are insured and how the accounts are titled. The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category.
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People also ask

Not most banks, but all banks, are insured for $250K through the FDIC. In fact, no person has lost any money in a failed bank since the FDIC was created. What happens is when a bank gets into trouble the FDIC comes in on a Friday afternoon to take over the bank and on a Monday morning the new owners are in control.
A: Though unlikely, bank failures do occur and the FDIC responds in two capacities.
FDIC deposit insurance coverage If you open a deposit account directly with an FDIC-insured bank, you are insured for at least $250,000 by the FDIC, which is backed by the full faith and credit of the United States government.

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