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Federal Deposit Insurance Coverage Increase Made Permanent

7/22/2010 11:05 AM

Category: Other News

$250,000 per depositor is covered.

The temporary increase in FDIC insurance from $100,000 to $250,000 has been made permanent as a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law on July 21, 2010. If your deposit accounts exceed that amount, contact your banker for assistance.

More information about how this legislation may affect your deposits can be found at www.fdic.gov.