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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
FDIC Electronic Deposit Insurance Estimator click here.
We are a mutually owned bank that prides ourselves in customer service and giving back to the community, since 1875. With over 135 years in the banking industry we understand the wants and needs of our community. We offer a variety of deposit and lending products to meet our customers every need. Come by today to speak with an experienced member of our friendly staff.
Carrollton Federal Bank is the oldest financial institution in Carroll County.
Our Vision is to continue our long standing tradition of exceptional customer service that meets and exceeds all customer and community expectations.
NEED TO REORDER CHECKS?
Carrollton Federal Bank is now offering a full array of Life Insurance products.
Use the quote tool below or contact Doug Miles for more information.
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