Tel: (267) 327- 4910

COVID-19- Money & Investments

Is my money safe?

We recognize that these are uncertain times. COVID-19 has changed the way we live our lives right now and you may wonder how that might affect your money. The good news is that Covenant Bank is insured, prepared and capable of keeping your money and information safe during these difficult times. 

Covenant Bank deposits (i.e. checking accounts, savings, certificates of deposit) are insured by the FDIC (Federal Deposit Insurance Corporation). That’s why you see us using the “Member FDIC” stamp to symbolize the safety and security of our nation’s financial institutions. Since 1933, no depositor has ever lost a penny of FDIC-insured funds. FDIC deposit insurance enables consumers to confidently place their money in Covenant Bank accounts and is backed by the full faith and credit of the United States government. To learn more, visit www.fdic.gov/deposit/deposits

What should I do if I’m concerned about the market and my investments? 

Possibly the most important thing you can do during times of market volatility is to remain calm. Take some time to revisit the goals for your investments and when you might need to access funds. If your needs are immediate, determine the amount you require for the short term and consider withdrawing it now. For needs that are truly longer term, stay the course. The market may be down today, but it’s shown a strong history of rebounding in the long term. It’s also important to keep in mind that times of uncertainty can also present us with opportunities. Now may be the time to consider making adjustments to your strategy for the future.


                                                  A division of Citizens & Northern Bank

Main Office
60 N. Main Street | Doylestown PA 18901
(267) 327-4910
M-F 8:30am -5:00pm (Drive Thru Only due to COVID-19)
Saturday: 9am-12pm (Temporarily closed due to COVID-19)

Paoli Office
1500 E. Lancaster Ave | Suite 105  |  Paoli, PA 19301
(610) 981-6310
M-F 9:00am- 1:00pm
Also by Appointment

    Member FDIC

NMLS 1625396

© 2017 Covenant Bank |  All Rights Reserved

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