News

THE SALE OF BAC CREDOMATIC DOES NOT AFFECT BAC FLORIDA BANK

Customers and friends of BAC Florida Bank have inquired about the impact on our Bank of General Electric Capital Corp.’s recently announced sale of BAC Credomatic GECF Inc. to Grupo Aval, Colombia’s largest banking group.  BAC Credomatic GECF Inc. is the entity that owns the Central American BAC Credomatic Group.  Our Bank is not part of BAC Credomatic GECF Inc.’s holdings, and remains an independent entity, subject to regulation in the U.S. and controlled by individual founders of the BAC Credomatic Network.  The transaction announced by General Electric does not impact the ownership or control of our Bank.

 

To reduce the risk of signature forging, we have discontinued the delivery of copies of paid checks.

To reduce the risk of signature forging, we have discontinued the delivery of copies of paid checks. Copies can be obtained through our electronic banking system.

 

The FDIC deposit insurance limit has been permanently increased to $250,000.

On July 21, 2010, the FDIC insurance coverage was permanently raised to $250,000 per depositor for each account ownership category.

 

For more information please go to www.fdic.gov/deposit/index.html