***Pioneers Leadership Alert***
Pioneers Banking Center - Waterfield Bank Closing
Late Friday, March 5, 2010, the FDIC took over Waterfield Bank. Waterfield Bank is owned by Affinity Financial Corporation, the Pioneers partner for our Pioneers Banking Center member benefit. Waterfield Bank was the “front door” for the Pioneers Banking Center’s operations. First, please know we have been assured that monies in accounts for both chapters and individuals at Pioneers Banking Center are safe.
In order for you to be fully informed, we have developed a series of documents that we would like to share with you.
Overview on Closing
FAQs for chapter accounts
FAQs for individual accounts
FDIC Press Release
FDIC Information regarding Closing
Why did Waterfield Bank fail?
After reviewing these documents, if you have questions regarding your chaper accounts, please contact your
PAC associate. If you have questions regarding individual accounts, please call the Pioneers Resource Center at 1-800-976-1914.
Daily updates on this issue will be posted beginning Friday, March 12, 2010.