March 16, 2020
We understand there is a great deal of uncertainty regarding the coronavirus (COVID-19) and Riverland Bank is committed to meeting the financial needs of our customers through this evolving situation.
We want to remind you that your money is safe in our financial institution and we are working hard to protect your financial well-being. If you are considering making a large withdrawal from your account(s), we encourage you to first consider this information:
- Your funds are federally insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 and are backed by the United States government.
- Carrying large amounts of cash or storing it in your home is risky. If your money is lost, stolen, or destroyed it is not insured and cannot be replaced.
- You will continue to have access to your funds. Riverland Bank offers digital tools such as online and mobile banking that make it simple to transfer money and make payments without using cash.
- The CDC is recommending contactless payments. Paying with a digital wallet or tap eliminates the potential to spread COVID-19 by handling paper currency.
We’d also like to remind you to be aware of potential fraudulent practices which often increase during times of uncertainty and use caution when receiving unusual requests for payments. There have been a number of reports of cyber scams and fraudulent activity related to COVID-19.
More information is available from the U.S. Department of Homeland Security.
If you have questions or concerns, please call the Jordan office at 952-492-2750 or the Minneapolis office at 612-234-6301.
Thank you for putting your trust in Riverland Bank.
Richard Huckle
Chief Executive Officer, Riverland Bank
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