FDIC Update
First State Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.
This unlimited coverage also extends to NOW Accounts (interest-bearing transaction deposit accounts) earning an interest rate no greater than .50%.
Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013.
