Wayne Bank and Trust Co. understands that consumers are concerned about recent news reports surrounding the banking industry. Specifically, the problems related to subprime mortgage lending; and most recently the closing of IndyMac Bank F.S.B., based in California.
“Could the same happen to my bank?” is on the minds of many consumers.
Wayne Bank is safe and sound. We are an entirely different institution than IndyMac. While we are a community-based, traditional lender, IndyMac was a West Coast-based, nationwide originator of nontraditional loans, including subprime mortgages. Some of those loans do not even require proof or verification of income, which ultimately is not in the best interest of consumers.
By contrast, Wayne Bank is committed to making sound, traditional loans that serve our customers well. We do not, nor have we ever participated in subprime lending. We know that by helping our customers, we help the community … our community. And as the oldest locally owned and operated bank in Indiana, we have been helping our customers and our community for 126 years.
Consumers may rest assured that Wayne Bank is insured by the FDIC. The FDIC was created in 1933, and during that history not one consumer has ever lost a penny of FDIC-insured funds.
As a common-sense lender, Wayne Bank and Trust Co. is committed to serving our customers, and our community, with care and integrity. Please contact us with any questions or concerns. Our doors are open … and will remain that way.
Wayne Bank and Trust Co. understands that consumers are concerned about recent news reports surrounding the banking industry. Specifically, the problems related to subprime mortgage lending; and most recently the closing of IndyMac Bank F.S.B., based in California. 
