Mount Vernon Bank warns customers never to share personal or financial information over the internet or email, and provides identity theft protection tips.
Mount Vernon Bank was chartered in January 1901 as the oldest bank in the area, with Dr. J.H. McArthur as president, Alex McArthur as vice-president, and W.A. Peterson as cashier.
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insuranc
The USA PATRIOT ACT requires financial institutions to verify and record customer identification information for account openings or changes to combat terrorism and money laundering.
