A client who recently sold several companies and had extra cash came into the bank to deposit the proceeds. Despite the blistering heat, their plan was to visit multiple banks in the area to deposit the FDIC-insured maximum of $250,000 in various new accounts. We advised the client that, with the help of our partner IntraFi, they could deposit the entire amount at Gainey Business Bank (GBB) and receive full FDIC insurance coverage—no need to drive around town dealing with different banks!
IntraFi allows us to consolidate the full deposit at GBB while ensuring the client’s funds are fully insured. The client was pleasantly surprised that GBB offered this service and left much happier than when they arrived.
If your deposits exceed $250,000 and you're concerned about FDIC insurance, we’d love to discuss how IntraFi can help. Stories like this highlight the advantages of working with a community bank and the exceptional service we provide to our customers. I'm proud of my team!