NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information, visit www.fdic.gov/deposit/deposits/unlimited/expiration.html.

On July 21, 2010, the FDIC Deposit Insurance was permanently raised to $250,000 per depositor, per insured depository institution, for each account ownership category.

Consumers and bankers can find additional information regarding FDIC’s deposit insurance coverage through the use of the FDIC’s Electronic Deposit Insurance Estimator (EDIE) and deposit insurance publications located on the FDIC’s website “Are My Deposits Insured?” In addition, they can call the FDIC at 1-877-ASK-FDIC (1-877-275-3342).


*Some links will take you to websites outside of Bay Port State Bank’s site. Bay Port State Bank is not responsible for and does not endorse or guarantee the new site’s content. These links have been provided for your education and convenience only.

QUICK LINKS*

Loan Calculators

FDIC Deposit Insurance Calculator

Identity Theft

Fraud Alerts

Lost or Stolen ATM/Debit Card

Notice of Expiration of the FDIC Temporary Unlimited Insurance

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