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Bank of Canton is a Massachusetts-chartered savings bank dedicated to providing the community with quality assistance while offering the convenience of a full service bank.
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Bank of Canton
We are a financial institution providing full banking services to its customers. All deposits are insured by FDIC and DIF.*
The bank is governed by a group of at least 25 corporators who elect the Board of Directors. The Directors meet at least quarterly, and functions through its Executive Committee, which meets at least monthly and serves as an executive and a loan committee. The bank is managed by its officers, consisting of a President, one or more Vice Presidents, a Treasurer, a Secretary, and such other officers as are necessary for the management of its business.
All officers are elected by the Directors. The institution is subject to strict requirements of both federal and state laws and regulations. The bank has no stockholders. Depositors have no voting rights.
*Bank of Canton is a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The FDIC insures all deposits up to $100,000 and the DIF insures all deposits above that amount. At Bank of Canton, your deposits are fully protected, regardless of the size of your balance or combined balances.
