Important FDIC Coverage Information
MONROE COUNTY BANK
Member FDIC
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account that pays no interest. It also includes Interest on Lawyers Trust Accounts (IOLTA). It does not include NOW and Money-Market Deposit Accounts.