Notice of Changes in Temporary FDIC Insurance for Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing 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 http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.
Texas First Bank is happy to help answer questions or concerns you may have about this notice and the FDIC coverage of noninterest-bearing accounts. You are encouraged to review Texas First Bank's most recent statement of condition which is available in all of our Banking Centers. Our statement of condition reflects our financial strength as a well-capitalized independent community bank, and we continue to be Strong, Solid and Secure.
Informational video about FDIC Insurance