Depositors Insurance Fund

BankProv: Your Trusted Banking Partner

Have peace of mind with fully insured deposits down to the last penny.

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Fully Insured Deposits

Innovative Solutions

Trusted Advisor & Partner

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Your Money's Safe at BankProv

Since 1934, we’ve provided 100% fully insured deposits at no additional cost or complexity to our clients. We’re a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The FDIC insures each depositor to at least $250,000, and the DIF insures the rest – down to the last penny!

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What is DIF Insurance?

Protecting Your Deposits

    • Private Excess Coverage: Insuring deposits above FDIC limits.
    • Depositor Assurance: Safeguarding funds since 1934.

The Power of FDIC & DIF Insurance

    • Complete Deposit Protection: Combining FDIC and DIF insurance.
    • Dual Security: Every penny insured at no extra expense.
    • Your Deposits: Fully Protected, Always
    • Depositor Confidence: Unmatched insurance for peace of mind.
    • Deposits in Safe Hands: Trust the proven FDIC-DIF partnership.

Why BankProv?

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Tailored to You

We credit much of our steady growth in commercial banking to the practice of listening to our customers and carving out specialties to serve their unique banking needs.

100% Insured Deposits

Deposits Insured 100%

Most banks offer deposit insurance up to $250,000 through the Federal Deposit Insurance Corporation (FDIC) but as a member of the DIF, your deposits are insured at 100%.

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Technology Driven

Our products are designed with you in mind. Our API and Open Banking solutions allow us to move quickly and be flexible in order to give you the best possible experience.

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Innovative Solutions

At BankProv, you'll find comprehensive solutions, global capabilities, industry expertise and personalized attention. That's what makes us a leading commercial bank.

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Centuries Old DNA

As the 10th oldest bank in the country, we have the experience and knowledge to provide you with a comprehensive, efficient and premium banking experience.

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Dedicated Support

We are more than your bank. We are your partner. We work closely with our clients to deliver superior products and high-touch services to meet all their banking needs.

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Your banking needs are unique. We'll work with you to find the right solution.

Deposit Insurance FAQs

Deposit insurance is a measure implemented to protect your money in the unlikely event of a bank failure. The Federal Deposit Insurance Corporation (FDIC) insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The Deposit Insurance Fund (DIF) insures the rest. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. Learn more by reading one of our latest blog posts.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the US government. Established in 1933 during the Great Depression, the FDIC was founded to insure bank deposits in case the bank failed.   The FDIC provides deposit insurance to depositors in American depository institutions. They insure their depositor up to at least $250,000.

No. As a member of both the FDIC and the DIF, we’re able to provide our all of our deposit clients fully insured deposits down to the last penny at no extra cost.

The DIF coverage isn’t affected by where a depositor resides or where a member bank branch is located. You’re covered no matter where you are banking with us.