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FDIC INSURANCE
Your deposits at First Bank are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC, an independent agency of the United States government, protects you against the loss of your deposits if an insured bank or savings association should fail. FDIC insurance is backed by the full faith and credit of the United States government.
- FDIC Insurance covers all deposit accounts including, checking, savings, money market savings, NOW accounts and certificates of deposit (CDs).
- The standard FDIC insurance amount is $250,000 per depositor, plus $250,000 per owner for certain retirement accounts (including IRAs).
- No one has ever lost a penny of FDIC insured funds since the FDIC was created in 1933. Visit the FDIC web site to learn more about FDIC coverage limits to ensure your deposits are insured and to calculate your coverage amount.
- The safest place for your money is in the bank where it is FDIC insured, accessible, and may be earning interest.
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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 also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. |
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For more information about the FDIC or FDIC deposit insurance, visit www.FDIC.gov.
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