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We don't want satisfied customers we want successful customers. Our friendly staff can help make your dreams come true!
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We understand you need a partner to work side by side with you. We're ready to help you meet your goals by offering custom banking options that save you time and money.
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Notice of Changes in Temporary FDIC Insurance for Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest bearing transaction account (including any Interest on Lawyer Trust Accounts) 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.
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, money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit ww.fdic.gov.
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