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On May 20th, 2009, President Obama signed legislation extending the increase of FDIC insurance of up to at least $250,000 per depositor through December 31, 2013.
On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. (This supersedes the October 3, 2008 changes.)
Post Oak Bank, N.A. is participating in the FDIC's Transaction Account Guarantee Program. Under this program, through
June 30, 2010, all non-interest- bearing transaction accounts are fully insured by the FDIC for the entire amount held 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.
Contact us at 713-439-3900 if you have any questions.
Click here for the FDIC Insurance rules and estimator.
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