Nearly half of all of the adults in the United States have claimed that they are experiencing adverse mental health complications as a result of the COVID-19 pandemic. Of these, the stress and worries of these individuals have been exacerbated over financial-based...
source:pexels Since the start of the COVID-19 pandemic, cashless payments have risen significantly. In fact, professionals are stating that the coronavirus is actually accelerating the trend towards a completely cashless economy. This is a direct result of the immense...
source:pixabay It is a well-known fact that since the year of 1933, not one depositor has lost even a penny of their money that is covered by the FDIC. Now, the FDIC is taking things a step further. They have created a calculation tool that allows depositors to...
Now that the world is in the midst of a coronavirus pandemic that involves a potentially deadly virus, the banks around the nation are placing the health of their customers, the communities where they operate, and their employees as a top priority. Considered to be an...
The fear surrounding the COVID-19 pandemic has created a fertile ground for the highly malicious. As is the case with any type of public-based crisis, the spread of the recently identified coronavirus has created a new group of malicious scammers. These individuals...
In 1933, the Federal Deposit Insurance Corporation – often identified as simply the “FDIC” – was created as a direct response to the failure of several banks during the Great Depression. Today, this corporation is known for taking measures to protect depositors. In...
Somerville Bank has 8 Locations