After the Great Depression, the Federal Deposit Insurance Corporation (FDIC) was formed to protect accountholders from losing deposits if an insured bank or savings association were to fail. The FDIC is an independent agency of, and backed by the full faith and credit of, the U.S. government. Since its establishment, no depositor hasever lost a single penny of FDIC-insured funds.

This insurance covers funds in deposit accounts such as checking, savings, money markets and certificates of deposit (CDs). But FDIC does not cover other types of financial products such as stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities.

As a depositor, you don't need to do anything to get FDIC insurance — you're automatically covered. But you should be sure that your accounts are structured so that your coverage is maximized.

On May 20, 2009, FDIC insurance temporarily increased from $100,000 to $250,000 per depositor at each FDIC-insured bank through December 31, 2013. This insurance applies to individual accounts, joint accounts and IRAs, as well as certain other retirement and trust accounts.

Talk to your banker about maximizing FDIC insurance for your accounts. Or, stop in and we'll be glad to help you understand your options, regardless of where you bank.

Click here to visit the FDIC's Web site.

To access the FDIC's insurance estimator, click here.

You can also call the FDIC directly with questions.
FDIC Call Center: 1-877-275-3342
(1-877-ASKFDIC)
7:00 am — 8:00 pm ET; Monday-Friday
8:00 am — 8:00 pm ET; Saturday-Sunday
(temporary hours)

To find out more about the FDIC's temporary insurance increase, Click Here.

Want to make sure your bank has you covered? FDIC's site can help you get a list of member institutions in neighborhood.