About Us

 

Team

Business Philosophy

We are proud of the way we do business by rewarding our “stakeholders” in a fashion that is synergistic and unique in this market. In addition to our stockholders, these “stakeholders” are our customers, our employees and the community we serve. It is this fresh approach to corporate behavior that makes a tremendous difference in how Bank Reale operates, and ultimately how we achieve an extraordinary level of customer satisfaction and performance.

Bank Reale achieves a level of customer satisfaction unsurpassed in the Tri-Cities market because each employee is customer focused, knowledgeable, skilled, and empowered to assure this extraordinary level of performance and customer satisfaction. Our products are designed to deliver a wide range of services easily accessible through our office, by phone, online, or at many ATMs throughout the country or internationally.

Bank Reale will maintain a high rate of growth and prosperity as our customers are passionate heralds throughout the community. As the bank continues to achieve success, it will continue to reward employees and to participate in sponsoring community events. This synergy is self propagating and the key to long-term achievement for the organization and all our stakeholders.

Bank Reale—What is in a name?

In the 1690’s Americans used English, Spanish, and French currencies as an exchange for goods and services. The most common was the Spanish Eight Reale or Spanish Dollar. Pieces of Eight were Eight Reale silver coins minted by the Spanish monarchy in the 17th and 18th centuries. These coins were widely used throughout the world (Spain owned 2/3 of the known world during this time). These coins were the predecessor to the US Dollar. You have heard of a quarter being called two bits; one bit is one Reale, one ‘piece of eight’. RealeThese coins were legal currency and the most widely used currency in the US at the time of the American Revolution. The back of this coin has a picture of two pillars with a ribbon wrapped around them – this was the predecessor of our dollar sign ($). You may remember that stock prices used to be quoted in 1/8ths – this is why a bit was the smallest unit of currency at the birth of our country. The Board selected “Bank Reale” as the name of the bank because it represented the foundation for financing the birth of a nation and the businesses that would eventually need access to capital in order to thrive. In much the same way Bank Reale is Pasco’s only community bank. Our focus is building long term relationships with our business and agricultural clients in the Columbia Basin. Providing them with a source of capital to meet the needs of their daily operations in order to thrive and become successful benefiting their families and our community.

On August 10, 2010, the FDIC Board of Directors adopted the final rule amending its insurance regulations to conform with provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which permanently increased the Standard Maximum Deposit Insurance Amount from $100,000 to $250,000. This permanent increase in the Standard Maximum Deposit Insurance Amount became effective July 22, 2010. Notice Of Changes In Temporary FDIC Insurance Coverage For Transaction Accounts

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

Notice Of Changes In Temporary FDIC Insurance Coverage For Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31,2010, through December 31,2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

The Standard insurance amount currently is $250,000.00 per depositor. The $250,000.00 limit is permanent for IRAs and other certain retirement accounts. The $250,000.00 limit is temporary for all other deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000.00 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000.00 per depositor.

Copyright 2011 Bank Reale. All rights reserved. Member FDIC.

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