U.S. Bank has assumed all of the deposits and purchased most of the assets of BankEast.

Frequently Asked Questions

• What will happen to my deposit account(s)?
  Your depository accounts will remain the same for now. You should continue to bank just as you always have -- at the same branch office or online at the same website you use today. Continue to use the same checks, ATM or debit card or other documents for your deposit accounts. You will be kept: well-informed of any changes or enhancements to your accounts. Over the coming months we’ll begin to share information on additional products and services that will be available after the transition of your deposit accounts into U.S. Bank is complete. Until then, simply continue to bank as you always have.
• What will happen to my Certificate of Deposit(s) / CDs?
  Your CDs are safe and FDIC insured. The rate remains the same and you will be notified prior to the date your CD matures. If you wish to close your CD, you may do so. Per the terms of the FDIC agreement, you may do so without penalty. However, there is no need to close your CD. The rate remains the same and U.S. Bank is among the nation’s safest and strongest banks.
• What will happen to my loan?
  Your loan and other credit accounts will remain the same, subject to the terms of your loan agreement. You should continue to make payments just as you always have.
• Can I still use my credit card?
  Absolutely. Please continue to use your current bank credit cards. Your access remains the same, subject to the terms of your credit card agreement.
• Will I be able to use my checks and ATM/debit card to access my account(s)?
  Absolutely! Your checking and money market checks will continue to be processed just as they always have. You may still use your ATM/ debit card to access cash at ATMs and at retailers. Complete, detailed information will be provided in the coming months on any changes to accessing your accounts.
• Where will I be able to bank? Will my branch still be open?
  You’ll find today all the BankEast branch offices are open the same hours and are staffed by the same bankers you’ve come to know and trust. As we work to transition to U.S. Bank, you’ll also be able to bank at any of the more than 3,000 U.S. Bank branch offices throughout the country. Until we are able to connect the U.S. Bank and all the individual bank systems, please continue to bank at your current branch office or online as you always have.
• Is my money safe?
  U.S. Bank is among the nation’s strongest banks. Today, U.S. Bank is the fifth largest commercial bank in the nation and the first choice for banking for more than 17.2 million customers. Its prudent approach to banking, strong balance sheet and solid capital position has put it in a position to better serve its customers. U.S Bank has capital in excess of regulatory standards for a well capitalized bank.
• Is U.S. Bank FDIC Insured?
  Yes! U.S. Bank is a Member of the FDIC. Each depositor is FDIC insured to at least $250,000. U.S. Bank has assumed all of the deposits and purchased most of the assets BankEast, so you will have access to ALL your deposits immediately. Everybody’s situation is a little different, so it is important to log onto fdic.gov to get a complete understanding of your FDIC coverage.
• What if I have deposit accounts at BankEast and U.S. Bank? Will they both be insured by the FDIC?
  Yes. if your deposit account was opened at BankEast prior to 1/27/12, then that account will be insured separately by the FDIC for six months, up to the maximum FDIC insurance limits, including any new deposits into your U.S. Bank deposit account. Accounts opened on or after 1/27/12 are combined with all of your other U.S. Bank accounts to determine FDIC insurance coverage.
• What if I have more than $250,000?
  U.S. Bank is assuming ALL of the deposits of BankEast insured and uninsured. U.S. Bank is a member of the FDIC. Each depositor is FDIC insured to at least $250,000. Everybody’s situation is a little different so it is important to log onto fdic.gov to get a complete understanding of your FDIC coverage. Your deposits are also backed by the strength of U.S. Bank.
• What will happen to my direct deposits or automatic payments?
  Direct deposits and automatic payments will continue, uninterrupted.
• Can I still bank online? What will happen to bills I pay online using my account?
  You can, and should, continue to bank as you always have. The BankEast website, Internet Banking and Bill Pay will continue to be available for your use. There may be a brief interruption in access on line as the FDIC transfers the deposit accounts to U.S. Bank.
• What will happen to my Business banking deposit accounts?
  Just as with the consumer accounts described above, you should continue to access your deposit accounts using the same checks and other documents. The structure of your accounts remains the same.
• Where can I get more information about U.S. Bank?
  For complete information on U.S. Bank, please visit usbank.com