News

October 14, 2008

New Program created to Guarantee Bank Debt and Fully Insure Non-Interest Bearing Deposit Transaction Accounts.

All non-interest bearing transaction deposit accounts at an FDIC - insured institution, including all personal and business checking deposit accounts that do not earn interest, are fully insured for the entire amount in the deposit account. This unlimited insurance coverage is temporary and will remain in effect for participating institutions until December 31, 2009.

For more information visit: www.fdic.gov/news/news/press/2008/pr08100.html