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About expanded FDIC coverage

Federal Deposit insurance has been expanded to cover even more of your deposits! The Federal Deposit Insurance Corporation (FDIC) increased the amount of insurance coverage available to both individuals and companies. These changes will be in effect through December 31, 2013. The basic FDIC insurance limit is scheduled to return to $100,000 on January 1, 2014.

Type of Account New FDIC Coverage

Non-Interest Bearing Transaction Accounts

This includes all personal and business checking deposit accounts that do not earn interest and certain low interest NOW accounts.

Fully insured for the entire amount in the deposit account

This is in addition to the $250,000 deposit insurance coverage.

IOLTA Accounts

(Interest on Lawyers Trust Accounts)

 Fully insured for the entire amount in the deposit account
Type of Ownership New FDIC Coverage
Single Accounts (Owned by One Person) $250,000 per owner
Joint Accounts (Owned by two or more persons) $250,000 per co-owner
IRA's and certain other retirement accounts $250,000 per owner
Revocable Trust Accounts (Payable on Death) $250,000 per owner per beneficiary subject to specific limitations and requirements

Corporation, Partnership, and

Unincorporated Association Accounts

 $250,000 per corporation, partnership, or unincorporated association
Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant
Government Accounts $250,000 per official custodian

This table shows only the most common ownership categories that apply to individual and joint deposits, and assumes all FDIC requirements are met.  Certain retirement accounts will continue to be protected up to the $250,000 because that is

the permanent level previously set by Congress.

FDIC Transaction Guarantee Program

Adams Bank & Trust is participating in the FDIC's Transaction Account Guarantee Program.  Under that program, through December 31, 2010, all noninterest transaction accounts and certain low interest NOW 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.

Insuring Your Deposits

If you have any questions about this expanded coverage, or about the coverage on your accounts, please speak to an Adams Bank & Trust banker.

If you prefer to discuss FDIC insurance coverage with an FDIC representative, you may visit www.myFDICinsurance.gov or call toll-free 1.877.ASK.FDIC  Monday -Friday 8am-8pm (Eastern)

Hearing Impaired Line:  1-800-925-4618