We know what's important
and we're putting it back in banking!
FDIC
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We know what's important and we're putting it back in banking!
FDIC |
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STANDARD DEPOSIT INSURANCE COVERAGE AMOUNT OF $250,000 HAS BEEN MADE PERMANENT. The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by
President Barack Obama on July 21, 2010, made permanent the current standard
maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit
applies per depositor, per insured depository institution, for each account
ownership category. Effective July 1, 2010 SouthernTrust Bank
has elected to Opt-Out of the FDIC’s Transaction Account Guarantee Program.
This means that any funds held in a noninterest-bearing transaction account will
no longer be guaranteed in full under the TAG Program, but will be insured up to
$250,000.00 under the FDIC’s general deposit insurance rules. |
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Send mail to
paula.reineking@southerntrustbank.com with questions or comments about this
web site. |
