< Back to articles

A Change in Deposit Insurance Coverage

Abington, Massachusetts, March 17, 2020 – Effective today, The Co‐operative Central Bank (CCB) and its Share Insurance Fund (SIF) merged into the Depositors Insurance Fund (DIF). As a result, Abington Bank has become a member of the DIF.

Rest assured that your deposits with Abington Bank will continue to be insured in full. Each depositor is insured to at least $250,000 by the FDIC. Effective March 17, all deposits above the FDIC limit are insured by the DIF.

The DIF has a long history of protecting deposits.  Since 1934, when the DIF was created, no depositor has lost a penny in a member bank.

To learn more about the DIF and its deposit insurance coverage, please the DIF website at www.difxs.com.

About Abington Bank:

Founded in 1888, Abington Bank is headquartered in Abington, Massachusetts, and operates six branches in Abington, Avon, Cohasset, Holbrook, and Marion. Abington Bank supports the community through a variety of sponsorship programs. For more information, please visit AbingtonBank.com.

< Back to articles