Murphy Bank Merger
Account Number & Bank Routing Number Change Beginning at the close of business April 25, 2014, your bank routing number will change to Murphy Bank’s routing number. Your account number will stay the same for your checking account.
The current Old Towne Bank routing number is 111909841, and the Murphy Bank routing number is 111924787. To the right, you will see an example of where these numbers are on a check and what the changes look like.
113100745 000123456
CURRENT ROUTING NUMBER NEW ROUTING NUMBER
CURRENT ACCOUNT NUMBER NEW ACCOUNT NUMBER
{
{
NEW ROUTING NUMBER: 111924787
{
{
11924787
1230123456
FDIC Protection Separate FDIC Coverage on deposit accounts is maintained for six months after the merger for customers who have deposits at both institutions. This will only matter if your combined total exceeds the standard maximum deposit insurance amount. A special merger rule exists for Certificates of Deposit (CDs) issued by an acquired bank. Separate insurance for CDs issued by the acquired bank is maintained until maturity.
IF...
AND...
THEN...
CD matures within six months after April 25, 2014
is renewed for the same amount and for the same term... is renewed for a different amount or term...
CD remains separately insured from accounts at acquiring bank until maturity
CD matures within six months after April 25, 2014
Separate coverage is provided only for the six months from the purchase date
CD does not mature within six months after April 25, 2014
Separate coverage ends upon maturity of the CD
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