Woburn, Massachusetts, March 13, 2023 – Northern Bank is closely following the recent news involving other banks. While we can’t speak for any other bank, we can say with confidence that Northern Bank has always been guided by common sense, avoiding pitfalls that are reported to be affecting others.

For example, we never let industry trends like cryptocurrency distract us from serving you, our trusted clients.

Our commonsense approach has served us well since 1960. And, Northern Bank remains as strong as ever. This is a good time to remind you of the many ways Northern Bank (and the U.S. banking system) keeps your money safe:

• FDIC Insurance. The standard insurance coverage amount is $250,000 per depositor, per insured bank, for each account ownership category. You can calculate how much deposit insurance you have by using the FDIC’s deposit insurance estimator.
• FDIC Insurance greater than $250,000. Through our IntraFi® product, Northern Bank can provide your business with access to FDIC insurance on funds in deposit accounts at higher levels than a bank of any size can offer on its own.
• Insured Cash Sweep®. Our ICS® service provides FDIC insurance on large balances while giving you access to your money, as well as the ability to earn interest.
• Positive Pay®. Our automated cash-management service deters check fraud and unauthorized debits to your account.

If you would like to discuss any of our security options, please do not hesitate to contact us 1-800-273-6908, Option "0.”