Pennie Large

No new pennies, and what that means for our customers

The U.S. Mint has announced that it will no longer produce new pennies. As existing supplies circulate through the Federal Reserve system, we will eventually see limited availability.

 

Here is what you should know

Pennies will remain as legal tender and you can continue to use them for purchases, deposits, and change.

 

 

 

What can I do?

Don't hoard coins. If you have jars of coins, especially pennies. Bring them in, leave your name and account number. We will count and roll them for you; and even complete the deposit if you like.

 

 

Give your pennies a purpose and keep them circulating in your local community.

We are here to help

If you have questions about coin availability or deposits, stop by and talk to us. We're happy to assist and ensure your banking experience remains simple and stress-free.

Frequently Asked Questions

 

Q: Why is the U.S Mint ending penny production?

A: The U.S. Mint made this decision because it now costs nearly four cents to make a single penny. By discontinuing production, the government will reduce costs and streamline coin distribution nationwide.

Q: When does this change take effect?

A: A: The Mint placed its final order for penny blanks in 2025, and production will officially wind down once those blanks are used – expected by early 2026.

Q: Are pennies still legal tender?

A: Yes! Pennies will remain valid for purchases, deposits, and payments. You can continue using and depositing them as usual.

Q: Will I need to round prices or payments now?

A: Not yet. Over time, as fewer pennies circulate, some cash transactions may round to the nearest five cents – similar to what other countries have done successfully. Digital and card payments will still support exact amounts.

Q: Should I hold onto my pennies?

A: We encourage customers not to hoard pennies, since keeping coins out of circulation makes them harder for others to access. Instead, bring in your coin jars – our in-branch tellers will assist you with processing your coins.