A Message from the CEO to our South Shore Bank Clients about the Coronavirus (COVID-19)
I want to personally update you on the Coronavirus (COVID-19) precautions being taken by South Shore Bank. I want to assure you that we are closely monitoring the situation and have several initiatives in place to help ensure the well-being of our clients and employees.
We are following guidance from public health official and government agencies, including the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO), so we can make assessments and provide information as the situation develops.
In addition to regular cleaning procedures at our branches and offices, there has been an increased focus on sanitizing the more commonly touched surfaces such as our ATMs and Face-To-Face (F2F) machines. Did you know that these F2F machines have live tellers who can help you with most of your banking needs? Deposits, withdrawals, check cashing, change, and more!
I would like to remind you that each depositor is 100% insured. We 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). Again, the combination of FDIC and DIF insurance provides our clients with full deposit insurance (100%) on all their deposit accounts. This should provide a great peace of mind.
At South Shore Bank, our hearts go out to all who have been affected by COVID-19. I want to assure you that our clients, employees, and the communities we serve are our top priority. Our SSB team is an extension of our family, to that end, we’ve chosen to ensure our team members can be available and flexible for their families. Children home from school will need more support and guidance during this stressful time. Now is the time to connect, write a personal note to a friend, facetime a loved one, and be there for one another.
We will continue to monitor the data and recommendations from the CDC and WHO and keep you informed via email, our web site, and social media.
Thank you for your loyalty.
All my best,
CEO, South Shore Bank