Investors Community Bank will be holding a coin drive July 22-31 at its branch locations in Appleton, Green Bay, Manitowoc and Stevens Point during regular business hours, 8:30 a.m. – 5 p.m.
Due to the COVID-19 pandemic, the Federal Reserve, which oversees the national coin inventory and its distribution to banks, is low on coins, and began strategically allocating its supply a few weeks ago. This, in turn, means that the Reserve is giving fewer coins to banks, and banks have fewer coins to give to retailers.
To help remedy this problem, Investors Community Bank is offering a reward for exchanging coins for paper bills. Bring in your coin jars between July 22-31 and the bank will waive counting fees, and you’ll get a fun reward as a thank you. Those who bring up to $49.99 in coins will receive their choice of an ICB logo item.
Those who bring between $50.00-$149.99 will receive a $5.00 Chamber Buck or gift card. Those who bring $150 and up will receive a $10 Chamber buck or gift card. Selection varies by location.
"This is a win/win program we are pleased to offer," said Tim Schneider, CEO of Investors Community Bank. "Customers who bring in their coins receive a bonus, our business customers will have access to the funds and tools they need to run their businesses plus we are encouraging people to shop local by rewarding customers with Chamber Bucks and gift cards, which can be used at various businesses within our communities."