Time Federal Savings Bank to Officially Acquire River Cities Bank

SubHeader

Posted on: in [ Bank, Community, General, Saving ]

Time Federal Savings Bank to Officially Acquire River Cities Bank

Time Federal Savings Bank to Officially Acquire River Cities Bancshares, Inc. and River Cities Bank on November 1, 2019!

As our bank continues to evolve, we are making positive changes and creating new opportunities for you to ensure our continued strength for generations to come. We are excited to announce that on November 1, 2019, Time Federal Savings Bank will acquire River Cities Bancshares, Inc. and River Cities Bank. This partnership will offer many benefits including increasing the bank asset size from $586 million to over $800 million, expanding the number of locations serving North and Central Wisconsin and adding the opportunity to work with local businesses for their deposit and loan needs.

In addition to creating better banking options, we have listened to your feedback. On December 9, 2019, we will also be moving to a new Digital Banking service that offers more convenience and an overall better user experience for you. With this transition, our Digital Banking service may be down from Friday, December 6th at 6pm through Monday, December 9th at 8am. We will send out information on this change to all of our Digital Banking customers in November to guide you through this process.

New Deposit Account Offerings

We have developed new products that will allow you the freedom to choose how you want to bank. As of Monday, December 16, 2019, your account will automatically change to the new account type noted below. Please click this link to review the Checking and Savings account options that will be available for you to choose from. After this date if you would like to update your account to a different option, please call or stop by to let us know and we’ll make the changes for you.

Checking Accounts
Current Account Type New Account Type
Basic Checking
Free Checking
Premier or Investor Checking (55 years and older)
 Advantage
Checking
Premier or Investor Checking
(54 years or younger)
%Rewards Checking
Golden Checking
(55 years and older)
 Advantage
Checking
Golden Checking
(54 years and younger)
%Rewards Checking

NOTE: Your existing account numbers will not change with this transition.

Savings Accounts
Current Account Type New Account Type
Passbook Savings
Strive Savings
Statement Savings Strive Savings
Under 18 years old First Step Savings

 

Important
  • If you currently have a Passbook or Statements Savings account and are under the age of 18, your account will move to the First Step Savings account.
  • If you currently have a Passbook Savings account, in place of the Passbook you will now receive a quarterly statement with your transactions and balance. You may receive the statement more frequently depending on your electronic activity within the account. Take advantage of Digital Banking and eStatements to have daily access to your account information and statements.
  • We also have the option to open Money Market accounts for your higher balance needs. Please click here for more information.
  • Our transaction posting order, overdraft policy, Truth in Savings and fee schedule will be updated as of December 16, 2019.

Additionally, we will be changing our Brand and Name early 2020. All of these changes show that we are working hard to allow you to bank the way you want to bank.

Thank you for your support and confidence in Time Federal Savings Bank. We look forward to sharing more with you about the Digital Banking changes, new products and services, and our new name in the months ahead. If you have any questions, please feel free to contact us at 1 800-205-0914.