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FDIC Increases Insurance Limit
 
On October 3, President Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor.  The legislation further provides that the temporary insurance limit will return to $100,000 on December 31, 2009. 
 
There is no need for you to apply for FDIC insurance or even request it.  Read more
 
New Online Bill Pay Feature
 
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Online Bill Pay will soon add more convenience to your life.  This December, Online Bill Pay will provide you with the option of receiving an e-bill from participating companies.  No more waiting for the bill to arrive via postal service.  In the future, as you add new payees, you will have the option to receive your bill electronically if that company makes e-bills available.  If you are an existing bill pay customer, your current bill pay accounts will not change as a result of this upgrade.  You need only modify the payment information on existing bill pays to being receiving invoices via e-bill.  Read more
 
 
 
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When the Economy Does a Number on Your Retirement Account...
 
Continue to save. Temporary setbacks mean that you'll need more time to bring your balances back to where they need to be for you to retire comfortably.  Although your investment portfolio may have experienced a decline, many securities can still be found at or near historic lows.  Continuing to invest in the market when prices are low means that the average cost of your portfolio is lowered on an ongoing basis and enables you to recoup losses faster.  And, if your employer matches a percentage of your contributions, this is a great time to take advantage of that benefit.
 
No one knows how long it will take the markets to bounce back to previous highs but people who move their investments to ultra-safe deposit accounts and leave them there usually miss out on gains when markets do come back.  Read more
 
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Credit is Tight, But Still Available
Lately, you can't seem to open a newspaper or turn on a TV without hearing the phrase "credit crunch."  Volatility lives daily in the stock market as one day it makes a record climb and takes a hard plunge the next.  Retail and home sales are still down, unemployment is on the rise and many economists predict the economic slump will continue well into next year.
 
Since your deposits are FDIC insured up to $250,000 or more per depositor, you need not be concerned about the safety of your money with us.  However, you might be wondering if we will be able to get you the loan you need. Rumors are circling in the media that credit is tight and banks, like ours, are out of money to lend.
 
This is not true.  The Peoples Community Bank is focused on taking deposits and making loans to customers every day.  With the added protection of FDIC insurance, we have entered this economic downturn in a strong position.  Read more
Your Bank Accounts Are Safe With Us
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If you've been monitoring the turmoil on Wall Street the past few months, you're probably wondering what to make of it all. The $700 billion rescue bill signed amidst the collapse of some of the nation's largest investment banks can push an investor into a state of shock. Many of you are wondering how to ensure that your money is safe during these challenging economic times. Read more