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Your money is SAFE with mBank
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Your money is SAFE with mBank
mBank is “WELL CAPITALIZED” with Tier 1 Capital in excess of 8% and total risk based capital of greater than 10%. This designation is the highest capital ranking issued to financial institutions by regulatory agencies.
mBank has safe and sound lending standards and good credit quality.
mBank did not get involved in nor does it have any exposure to sub-prime lending or any program of that sort.
mBank does not have high levels of nonperforming loans.
mBank does not have any loss or exposure as a result of the government takeover of Freddie Mac and Fannie Mae.
mBank’s investment portfolio is composed entirely of securities 100% backed by U.S. or local governments.
mBank’s IDC Rating as of June 30, 2008 is 202. This rating categorizes mBank as “SUPERIOR” and is compiled by IDC Publishing, Inc., the nation’s
leading rating service for financial institutions.
You can verify your FDIC coverage, review your deposits with mBank, and perform other account maintenance.
Click here to review your FDIC coverage.
UPDATE 31 December 2008:
mBank is pleased to announce it’s participation in the
FDIC’s Temporary Liquidity Guarantee Program
for
non-interest bearing
transaction accounts.
Click Here To Read The Details Of This FDIC Program.
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