FDIC Insurance Notice

Basic Insurance. Basic FDIC insurance has been increased from $100,000 to $250,000 permanently per depositor, according to the ownership categories, per insured financial institution. A customer can meet the requirements for coverage of more than $250,000 if he has a deposit account in different ownerships categories.

Commons ownerships categories:

• Single accounts
• Joint accounts
• Certain retirement accounts
• Corporation, partnership and unincorporated association accounts
• Certain trust accounts

Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit  https://www.fdic.gov/deposit/  

The federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects you against the loss of your deposits if any FDIC-insured bank or savings association fails. There is not need to apply for FDIC insurance-coverage is automatic and backed by the full faith and credit of the U.S. government.

You can call FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 am until 8:00 pm (Eastern Time) or contact them online at www.fdic.gov.