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FDIC Transaction Account Guarantee Program
1st
Regents Bank is participating in the FDIC’s
Transaction Account Guarantee Program. Under that program through
June 30, 2010, all non-interest 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.
General Deposit Insurance Rules
Each depositor is insured to at least $250,000.00. This coverage
has been temporarily increased from $100,000.00 to $250,000.00
through 12-31-2013. The standard insurance amount will return
to $100,000.00 per depositor for all account categories except
for IRAs and other certain retirement accounts (including IRAs)
which will remain at $250,000.00 per depositor.
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