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 FDIC Increases Deposit Insurance Coverage On October 3, 2008, the FDIC temporarily increased the deposit insurance from $100,000.00 to $250,000.00 per depositor through December 31, 2009. Farmers State Bank of Underwood / Dalton is participating in the FDIC's Transaction Account Guarantee Program. Under this program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. NOW accounts maintained at Farmers State Bank of Underwood / Dalton do not qualify as a noninterest-bearing transaction account, therefore are not eligible for the Transaction Account Guarantee Program. |
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