Information Concerning Bank Safety and FDIC Insurance from Heritage Oaks Bank

FDIC Insurance Information for former Mission Community Bank customers

If you currently have accounts at both Mission Community Bank and Heritage Oaks Bank, you will have overlapping FDIC deposit insurance coverage for a period of six months where your accounts will maintain their separate insurance. After the six month period ends, all of your accounts will be aggregated for purposes of determining your maximum FDIC deposit insurance coverage. For certificate of deposit accounts, this overlapping insurance coverage will be extended beyond this six-month period if within the six-month period the account matures and you roll it over for the same amount and for the same term. In this case, the overlapping insurance coverage will exist until the first maturity after the end of the six-month period.


Part of our daily commitment, since 1983, is making sure we keep our clients informed and involved as it relates to their banking relationship with us.

We know there are many misperceptions about the banking industry right now, and that the news media concentrates on the troubles of large investment banks.

Your deposits with us are insured by the FDIC. The standard deposit insurance amount is $250,000 per depositor for each account ownership category. Depending on the ownership categories of your accounts it is possible to insure deposits in excess of $250,000.00. We also have deposit products available which allow you to keep all of your liquid funds at Heritage Oaks Bank and still be fully insured.

Contact any Heritage Oaks Bank account representative for assistance in calculating your coverage. You can also use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) tool.

Please know that we do not hold any mortgage loans in our loan portfolio that are of the nature or type which has led to the problems in some banking sectors. Neither did we hold any shares of FHLMC or FNMA, investments which have caused other banks to suffer liquidity problems.

Of greatest importance, we are a well-capitalized bank pursuant to regulatory standards. We operate a very conservative bank, which has produced profitability quarter after quarter for the past 20 years. You should also know that our bank’s stock price is a function of the market and has no direct link to our overall bank performance. The banking industry as a whole has seen a decrease in stock value over the past 12 months.

There is a reason Heritage Oaks Bank is the largest publically owned and operated community bank on the Central Coast. We serve the best interest of our clients and employees. These actions earn us your trust and respect which will enable us to grow and be YOUR community bank.

If you have questions please send them to and we will get back to you with an answer.