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“Go Local”
Switch To a Local Safe
Haven – Your Community Bank
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THE ROAD
Back
in the1990’s, Chelsea State Bank was searching for a way to allow
our customers to access their account information via their home
computers. The bank had installed a reliable telephone voice system
(still in use today), but wanted to offer a visual option as well.
It seemed that the home computer solution would further
facilitate the customers’ needs by providing a printer interface,
thus opening up a new choice of financial record retention.
The company, which provided the telephone link to our core
information system, had developed a proprietary connection through
software that would need to be loaded on to every interested
customer’s home computer. The
contract had been delivered and was awaiting final approval before the
system would be installed. It
was at that moment that the concept of attaching a similar system
through the world-wide-web became a possible alternative. Why build a
private driveway to each customer when the information super highway
already ran right by all of the participants?
Contact was made with the proprietary system provider and the
bank expressed an interest in this new internet based information
delivery system. The vendor informed the bank that such a system was under
development and further discussions eventually resulted in the
installation of the bank’s first internet banking product. The road
to the bank had been made easy!
Since then, other transaction delivery systems have emerged,
like the debit card, bill pay, preauthorized ACH originated payments
by creditors, remote capture, and mobile (smart phone) banking.
It turns out that many roads now lead to the bank.
The road on the Chelsea State Bank’s web page symbolizes
these electronic alternative transaction and information delivery
systems. Which road to
the bank will you choose?
 
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We want to hear from you. Be sure to e-mail us with any questions or comments you may have.
NOTICE
OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION
ACCOUNTS
All funds in a
“noninterest-bearing transaction account” are insured in full
by the Federal Deposit Insurance Corporation from December 31,
2010, through December 31, 2012. This temporary unlimited coverage
is in addition to, and separate from, the coverage of at least
$250,000 available to depositors under the FDIC's general deposit
insurance rules.
The term
“noninterest-bearing transaction account” includes a
traditional checking account or demand deposit account on which
the insured depository institution pays no interest. It also
includes Interest on Lawyers Trust Accounts (“IOLTAs”). It
does not include other accounts, such as traditional
checking or demand deposit accounts that may earn interest, NOW
accounts, and money-market deposit accounts.
For
more information about temporary FDIC insurance coverage of
transaction accounts, visit www.fdic.gov.
Current Conditions for Chelsea, MI
Feels Like: 32ºF
Humidity: 91%
Wind: 9 MPH SSW
| Forecast |
| Saturday |
35ºF |
24ºF |
| Sunday |
32ºF |
17ºF |
| Monday |
30ºF |
30ºF |
| Tuesday |
42ºF |
37ºF |
| Wednesday |
45ºF |
30ºF |
|
| Stock |
Last |
Change (%) |
| DJI | 12660.46 | -74.17  (-0.58%) | | NASDAQ | 2816.55 | 11.27  (0.40%) | | S&P500 | 1316.33 | -2.10 (-0.16%) |
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