The Exchange Authority is a wholly owned subsidiary of Fidelity Bank. The Fidelity Bank LifeDesign brand promise of providing care, clarity and confidence; will always be our guide to doing what is right by your family, your business, and you. Fidelity Bank is a 5-star Bauer rated bank and has been serving our neighbors and friends for 134 years.
At Fidelity Bank, all deposits are insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). The DIF is a private, industry-sponsored excess deposit insurance company. Created by a special act of the Massachusetts legislature in 1932, the DIF began operations as a primary insurer in 1934. Today, the DIF insures all deposits in its member banks that are in excess of the FDIC limits.
DIF insurance is available only on deposits in Massachusetts-chartered savings and co-operative banks. By combining FDIC primary insurance and DIF excess deposit insurance, banks which are members of both organizations provide their depositors with full insurance.
“No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.”
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