Important Information Regarding FDIC Insurance on Deposit Accounts

The FDIC has temporarily increased its deposit insurance coverage to $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all deposit accounts except certain retirement accounts, which will remain at $250,000 per depositor. Here are answers to some frequently asked questions about the change in FDIC coverage.

Q: Are all accounts eligible for FDIC insurance?
FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

Q: How much am I covered for?
The standard insurance amount currently is $250,000 per depositor for combined deposits in the same bank. However, if you have joint and individual accounts, you and your spouse may be eligible for additional coverage. To calculate how your own accounts are covered by FDIC insurance, visit www.myfdicinsurance.gov and use EDIE the Estimator to create an easy to read report.

Q: What do I have to do to obtain this coverage?
The FDIC coverage increases are automatic. There is no action required on your part.

Q: Where can I learn more about my FDIC coverage?
For specific questions about your accounts, talk to your banker or visit www.fdic.gov for more general information.