Farmers Exchange Bank

"LARGE enough to serve you - Small enough to know you."

     

    

 

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FDIC Update

 

 

 

 

member

 

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 of $250,000, for

each deposit insurance ownership category.

 

For more information about temporary FDIC insurance coverage

of transaction accounts, visit www.fdic.gov.

 
 

846 N. Main St.

P.O. Box 197

Neshkoro, WI 54960

Phone (920) 293-4319

Fax (920) 293-4860

300 E. Bannerman Ave.

P.O. Box 130

Redgranite, WI 54970

Phone (920) 566-2202

Fax (920) 566-2206

W7452 State Rd. 21 & 73

P.O. Box 867

Wautoma, WI 54982

Phone (920) 787-4050

Fax (920) 787-4070