Is Weihai Fumin Village Bank reliable?

Weihai Fumin Village Bank is a regular bank, which is supervised by the Insurance Regulatory Bureau of the State Bank and belongs to one of the commercial banks. Its main purpose is to support the development of local small commodity economy and individual industrial and commercial households, and promote the benign development of local economy and the steady increase of residents' income.

All banks have participated in the national deposit insurance as required. Once the bank goes bankrupt, according to the deposit insurance regulations, customers can get full compensation within 500 thousand yuan.