Yes, the Treasury stopped production following a federal order in February to reduce spending. The U.S. Mint delivered its final shipment in August, and the last penny struck was in November. Existing pennies remain legal tender and there are still billions in circulation.

As of late November, we are no longer able to order pennies. Once our own supply has been depleted, we will not be able to supply pennies to customers as part of coin orders. We encourage our business customers to plan accordingly.

We are committed to minimizing disruption. Arrow Bank will continue to accept and process pennies while keeping customers informed of any further changes.

For check cashing and other transactions involving cash, we will round to the nearest nickel for your convenience.

Absolutely. Pennies remain legal tender and you can use them as usual or deposit them at Arrow Bank. We also encourage customers to bring in rolled pennies to any of our branches.

Congress and the president will determine the long-term future of the penny, as Congress has the authority to coin money. Arrow Bank is prepared to support whatever policy is enacted while keeping our customers informed.