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Community State Bank suspending Coin Buy Back program after 'tremendous' response

Posted at 10:57 AM, Jul 21, 2020
and last updated 2020-07-22 17:43:30-04

Community State Bank's Coin Buy Back Program was so successful, it's wrapping up, just a week after kicking off.

The bank launched its coin buy back program, amid a coin shortage, where it offered a $5 bonus for every $100 worth of coin turned in, with a max bonus of $500.

The program was so successful, the bank met the program goals. The program will wrap up at the end of the business day on July 21.

“The response has been tremendous,” said Bank President and CEO, Scott Huedepohl in a press release. “We’ve had people contacting us not only from our community but all over the United States. Our goal was to generate enough coin inventory to help our local businesses. We’ve met and far exceeded our goals.”

The bank said it plans on monitoring coin inventory and may restart the program if the need arises.

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