The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring savings, checking and other deposit accounts, when combined, are generally insured to $250,000 per depositor in each bank. The standard insurance amount of $250,000 per depositor is in effect through December 31, 2010. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

The FDIC has their own website at www.fdic.gov with tons of information if you would like to learn amount this coverage or other financial matters. You may also contact one of our New Accounts Representatives for more information.

The main thing you need to know is that your money is safe. Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a bank failure.