5900 Green Oak Drive, Suite 100
Minnetonka, MN 55343
Welcome to Equity Bank
Locally owned and managed, we’re open Monday through Friday 8:30am to 5:30pm. Specializing in investment lines of credit and real estate loans, Equity Bank has the expertise to give you the analytical personalized service you expect and deserve for all your entrepreneurial and investment lending needs!
As part of our dedication to bringing you convenient service, we have a branch location in addition to our Minnetonka location: the Claremont branch, which specializes in meeting our customers’ agricultural, real estate and business needs in Southeastern Minnesota.
Getting the money you need to make your investments is important to Equity Bank. We understand the importance of investing in the abilities of business-minded individuals like you. After all, when we help your business grow, our business grows, too. The business of America is business, and we care about your business. Speak with us about your lending needs and thank you for visiting Equity Bank!
FDIC Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) was created in 1933 to provide insurance protection for depositors of failed banks and to help maintain sound conditions in the nation's banking system. The FDIC is an independent agency of the U. S. Government. Since its inception, the FDIC has responded to thousands of bank failures. All insured deposits of failed banks and thrifts have been protected by the FDIC. The FDIC has launched a tool at http://myfdicinsurance.gov/ that is designed to help consumers learn about the benefits and limitations of deposit insurance.
**NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS**
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit: http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation for up to $250,000 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 also includes Interest on Lawyers Trust Accounts ("IOLTAs").
It does not include other accounts, such as contents in a Safe Deposit Box, U. S. Treasury bills, notes, and bonds purchased through an insured institution.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.