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Welcome to the Family, Simmons Bank Member FDIC and Reliance Bank Member FDIC.

Together, Simmons Bank and Reliance Bank are committed to helping our customers better realize their dreams.

For those customers that currently have deposit accounts at Reliance Bank and Simmons Bank, your deposits will continue to be insured by the Federal Deposit Insurance Corporation (FDIC). FDIC deposit insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. The standard insurance amount is $250,000 per depositor, per insured bank for each account ownership category. After April 12, 2019, Reliance Bank and Simmons Bank will be considered a single entity for FDIC deposit insurance. However, following a bank merger, the separate deposit insurance of each of the banks is continued for a period of not less than six months after the merger. The extended deposit insurance coverage period is designed to allow customers ample time to restructure accounts and account ownership to allow for continued deposit insurance after the merger.

For checking, savings and money market deposit accounts, the separate deposit insurance coverage will continue for six months following the merger. For certificates of deposit or time deposits which mature and are automatically rolled over within six months after the merger, the separate insurance coverage will continue until the first maturity after the expiration of the six-month period following the merger. For certificates of deposit or time deposits which mature more than six months after the merger, the separate insurance coverage continues until the earliest maturity date after the expiration of the six-month period following the merger.

The consolidation of the FDIC insurance limits will not impact our customers who maintained deposit accounts with only one of the banks, Reliance Bank or Simmons Bank. However, the maximum deposit insurance coverage available to customers who maintained deposit accounts at both of the aforementioned banks may be affected. If you think you may be affected by the revised deposit insurance limit, visit your nearest Reliance Bank or Simmons Bank location, or please call us at 1-866-246-2400.