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FDIC Insurance

 
 
October 23, 2014
FDIC Insurance

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 ($250,000), for each deposit insurance ownership category.
 

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit: fdic.gov.

October 23, 2014





 
2014 Linn County State Bank | Privacy Statement
Linn County State Bank has implemented a "Customer Identification" program in compliance with the USA Patriot Act passed by the United States Government to help prevent
identity theft and fraud. You will be asked for proper identification when becoming a customer of the bank. In addition, the bank may ask for official documents and may use a third party to
verify your identity.