The U.S. Treasury has announced the end of penny production, and as a result, the Federal Reserve is reducing penny distribution in many areas. While pennies remain legal tender, this change may affect our ability to provide them for certain transactions. Below, we’ve answered common questions to help you understand what this means and how it impacts you.
Why is the penny being phased out?
The U.S. Mint has stopped producing pennies to reduce costs and improve efficiency. Existing pennies remain legal tender.
Can I still use pennies?
Yes. Pennies are still accepted for purchases and deposits at all branches.
What should I do with my pennies?
Please bring any pennies you have to your local branch for deposit or exchange. This helps keep coins in circulation.
Are pennies still valuable?
Yes. Each penny is still worth one cent and remains legal tender.
Will pennies disappear completely?
Pennies will remain in circulation until Congress decides otherwise. No official date for full elimination has been announced.
How is the bank helping?
• We will continue accepting pennies for deposits and transactions.
• We’ll keep you informed with updates as changes occur.
• Rolled pennies are still available for business customers while supplies last.
• We’ll provide exact change whenever possible, as long as our penny supply lasts.
What will happen to my transactions at stores or vendors?
Cash transactions may be rounded to the nearest 5¢ if pennies are unavailable. Electronic payments (debit, credit, digital) will not be affected.
Thank you for trusting Community First Bank of Indiana with your financial needs. We recognize this nationwide change may cause some inconvenience and appreciate your understanding.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
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The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The bank does not control the linked site.
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bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. While the bank does not control this site, it is an approved vendor of the bank to securely input your information.
The following site is independent from Community First Bank of Indiana. While the bank does not control this site, it is an approved vendor of the bank to securely input your information.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
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bank does not control the linked site.
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The following site is independent from Community First Bank of Indiana. The
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The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. While the bank does not control this site, it is an approved vendor of the bank to securely input your information.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
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The following site is independent from Community First Bank of Indiana. The
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The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. While the bank does not control this site, it is an approved vendor of the bank.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
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The following site is independent from Community First Bank of Indiana. The
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bank does not control the linked site.
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bank does not control the linked site.
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You are going to a 3rd party site that
Community First Bank of Indiana has contracted to provide financial literacy tools.
While the bank does not control the site, this is an approved vendor of the bank.
You are going to a 3rd party site that
Community First Bank of Indiana has contracted to securely input your application.
While the bank does not control the site, this is an approved vendor of the bank.
You are going to a 3rd party site that
Community First Bank of Indiana has contracted to securely input your application.
While the bank does not control the site, this is an approved vendor of the bank.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
The following site is independent from Community First Bank of Indiana. The
bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.
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bank does not control the linked site.