FDIC Insurance Facts
Increase in basic FDIC insurance amount
Effective July 21, 2010, the standard
maximum deposit insurance amount was permanently increased to $250,000.
The FDIC insurance coverage limit applies per depositor, per insured
depository institution for each account ownership category.
New Basic FDIC Deposit Insurance Limits for Common Ownership Types
Single Accounts (owned by one person)
Joint Accounts (two or more persons)
IRA's and certain other retirement accounts
Revocable Trust (ITF/POD) Accounts
Corporation/Partnership/Organization Accounts
$250,000.00 per owner
$250,000.00 per co-owner
$250,000.00 per owner
$250,000.00 per owner per beneficiary subject to specific limitations and requirements
$250,000.00
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Notice Regarding FDIC's Transaction Account Guarantee Program
Valley Bank and Trust Co. is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-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.
