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NOTICE
OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION
ACCOUNTS
All funds in a
“noninterest-bearing transaction account” are insured in full by
the Federal Deposit Insurance Corporation from December 31, 2010,
through December 31, 2012. This temporary unlimited coverage is in
addition to, and separate from, the coverage of at least $250,000
available to depositors under the FDIC’s general deposit insurance
rules. The term “noninterest-bearing transaction account”
includes a traditional checking account or demand deposit account on
which the insured depository institution pays no interest. It does
not include other accounts, such as traditional checking or demand
deposit accounts that may earn interest, NOW accounts, money-market
deposit accounts, and Interest on Lawyers Trust Accounts (“IOLTAs”).
For more information about temporary FDIC insurance coverage of
transaction accounts, visit www.fdic.gov.
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