Members 1st will not respond via public Internet email to requests-for-account-information or account activity. Please contact Customer Service with these types of. The deposit insurance coverage for accounts at Western Alliance Bank is the standard FDIC insurance limit of up to $250,000 per depositor for each account ownership category regardless of the Western Alliance division holding the account.
- The FDIC and its reserves are not funded by public funds; member banks' insurance dues are the FDIC's primary source of funding. The FDIC also has a US$100 billion line of credit with the United States Department of the Treasury. As of September 2019, the FDIC provided deposit insurance at 5,256 institutions.
- Sep 30, 2020 The Federal Deposit Insurance Corporation (FDIC) is an independent agency—created by the U.S. Government—designed to protect consumers in the U.S. Financial system. The FDIC is best known for deposit insurance, which helps protect customer deposits in case a bank fails.
The Peoples Bank is a member of the FDIC.
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The Peoples Bank is listed on the FDIC website, www.fdic.gov. Our FDIC Insurance Certificate Number is 1566.
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Ownership Options
The basic insured amount of a depositor is $250,000. If you have more than $250,000 on deposit with one financial institution, click here to read more about the amount to which your account can be insured.
Click the ownership type to view FDIC insurance coverage information. We offer the following types of account ownership (not all ownership types are available for all products):
- Personal Individual
- Personal Joint w/ Survivorship
- Personal Joint w/out Survivorship
- Sole Proprietorship Individual
- Sole Proprietorship Joint w/Survivorship
- Sole Proprietorship Joint w/out Survivorship
The ownership types listed above can have the following beneficiary designations:
- In Trust For
- Payable on Death
- As Trustee For
- Personal Custodial
- Revocable Living Trust
- Trust Under Agreement
- Corporate Account