Legacy Bank - Altoona, Bondurant, and Mitchellville, Iowa

We are committed to providing excellent customer service, and quality financial products at competitive rates. We have been locally owned since 1904 and plan to stay that way. Legacy Bank is constantly working on new products and technologies that will assist our customers and us to manage money in a more efficient manner. In the end, the goal is not to be the biggest but simply the best bank by doing what we do best--serving our customers.

A quick and easy tool to
calculate an estimated monthly payment

LEGACY BANK is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. Preferred checking accounts are eligible for coverage up to $250,000.

Notice of Change in Temporary FDIC Insurance Coverage for Transaction Accounts

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from Dec. 31, 2010, through Dec. 31, 2012, all funds in “noninterest-bearing transaction accounts” are insured in full by the Federal Deposit Insurance Corporation. This unlimited coverage is in addition to, 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 does not include any transaction account that may earn interest, such as a negotiable order of withdrawal (“NOW”) account, money-market deposit account, or Interest on Lawyers Trust Account (“IOLTA”), even if checks may be drawn on the account. The temporary full insurance coverage of “noninterest-bearing transaction accounts” expires on Dec. 31, 2012. After Dec. 31, 2012, funds in noninterest-bearing transaction accounts will be insured under the FDIC’s general deposit insurance rules, subject to the Standard Maximum Deposit Insurance Amount of $250,000.

For more information about FDIC insurance coverage of transaction
accounts, visit http://www.fdic.gov.

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