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Your deposits at First Bank are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC, an independent agency of the United States government, protects you against the loss of your deposits if an insured bank or savings association should fail. FDIC insurance is backed by the full faith and credit of the United States government.
- FDIC covers deposit accounts such as, checking, savings, money market savings, NOW accounts and certificates of deposit (CDs).
- Basic FDIC covers up to $250,000 of depositor, and up to $250,000 per account holder for certain retirement accounts. This $250,000 basic insurance coverage amount has been temporarily increased until December 31, 2013.
- Funds held in non-interest bearing checking accounts, including all personal and business checking deposit accounts, are insured for the entire amount in the account until June 30, 2010.
- No one has ever lost a penny of FDIC insured funds since the FDIC was created in 1933. Visit the FDIC web site to learn more about
FDIC coverage limits
to ensure your deposits are insured and to calculate your coverage amount.
- The safest place for your money is in the bank where it is FDIC insured, accessible, and may be earning interest.
For more information about the FDIC or FDIC deposit insurance, visit www.FDIC.gov.
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