How much deposit insurance coverage do I qualify for?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects bank customers against the loss of their insured deposits in the event that an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the U.S. government.

Customers of FDIC-insured banks, including Gate City Bank, are covered by the FDIC for up to $250,000 per depositor, per bank.

Deposit insurance through the Federal Deposit Insurance Corporation (FDIC) protects bank customers in the event an FDIC-insured financial institution fails. It’s available for any deposit account opened at an FDIC-insured bank; there’s no need to purchase it!

Deposit insurance is calculated dollar-for-dollar up to FDIC limits – factoring in the principal amount plus any interest accrued or due to the depositor – through the date of default. The FDIC has created an insurance estimator that you can utilize for more information on how this may personally impact you.

Yes. We’re proud of our long-term relationship with the Federal Deposit Insurance Corporation (FDIC) – which has been supporting banks for 88 of our past 100 years in business!

Subtract the current mortgage balance(s) from the present market value to estimate the equity (net value) you have in your home. You can also try out our helpful home equity calculator!

We make it simple! In our mobile app, simply select the “More” icon at the bottom of your screen, then click your name on the top of the screen to go to your profile. From there, you can easily change your address, phone number, email or password.

If you’re using online banking from a computer, simply select “Profile,” “Profile Updates” and “Change Address/Phone Number.”

No online banking or mobile app access? No problem! Give us a call at 701-293-2400 and we'll gladly assist you.