Your FDIC Coverage Has Increased!

 Safe. Protected. Insured.

First State Bank, as a member of the FDIC, wants you to know that your deposits are now protected at an even higher level. 

1. Dodd-Frank Wall Street Reform and Consumer Protection Act: This act permanently raises the basic FDIC deposit insurance coverage limits from $100,000 to $250,000. See New Deposit Insurance Coverage Limits.
   
2. Transaction Account Guarantee (TAG) Program: This program provides unlimited deposit insurance coverage for non-interest bearing transaction (checking) accounts through December 31, 2010. See Full FDIC Insurance for Non-Interest Bearing Deposit Accounts.
   

New Deposit Insurance Coverage Limits  

On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed which permanently raised the basic FDIC deposit insurance coverage limits from $100,000 to $250,000.

You need to understand federal deposit insurance coverage limits to ensure that your funds are fully insured. The basic limits are below:

Full FDIC Insurance for Non-Interest Bearing Deposit Accounts  

To give you additional peace of mind that your money is safe and secure, First State Bank is also participating in the FDIC Transaction Account Guarantee (TAG) Program.

We think this added coverage is particularly valuable to our small business customers because it assures that their payroll accounts are fully insured.

• Under the program, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account
• Interest bearing checking accounts with an interest rate not higher than 0.25% are also covered
• Coverage under the TAG Program is in addition to and separate from the $250,000 coverage available under the FDIC's general deposit insurance rules detailed above
• This is a voluntary service provided by the FDIC that we chose to participate in at our own expense
• This program will be paid for by the participating banks – no taxpayer money or Temporary Liquidity Guarantee Program (TARP) funds are being used to pay for the additional coverage
• The TAG Program is temporary and will remain in effect until December 31, 2010
  

Providing our valued customers with the assurance that their money is always safe and secure at First State Bank is very important to us. Our participation in the TAG program provides coverage for the following First State Bank accounts: 

For additional information on FDIC insurance please ask one of our branch officers or visit the FDIC agency's website at www.fdic.gov or call the FDIC at 877-ASKFDIC (877-275-3342).