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How can customers be sure that their banks are safe?

April 26, 2017Banks customers safe sure

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How can customers be sure that their banks are safe?

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All banks in Maryland must be members of the Federal Deposit Insurance Corporation (FDIC). Therefore, each customers deposits are insured up to $100,000. Second, banks are examined regularly by State and federal examiners to ensure compliance with banking laws and regulations. Banks found to be in violation are ordered to take prompt corrective action to correct the problem.