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Farmers Bank is proud to be a member of the FDIC. (Federal Deposit Insurance Corporation)
Each depositor's funds at Farmers Bank are insured to $250,000.00
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for up to $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
An independent agency of the federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure. For more information about FDIC, visit their web page at:www.fdic.gov
To calculate your deposit insurance, visit "Edie"
(Electronic Deposit Insurance Estimator) at:www.fdic.gov/edie
Important FDIC Notice
 NOTICE: The FDIC has reported that several bank customers throughout the United States have received fraudulent emails where the sender claims to be from the FDIC and states that deposit insurance will be suspended unless the customer provides personal information including bank account information. This email was not sent by the FDIC and is a fraudulent attempt to obtain personal information from consumers.
Click Here - for more information.
The
Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President
Barack Obama on July 21, 2010, made permanent the current standard maximum
deposit insurance amount of $250,000. The FDIC coverage limit applies per
depositor, per insured depository institution, for each account ownership
category. You can go to
www.fdic.gov or talk to one of our Customer Service Representatives if you
have any questions.
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 or demand deposit account on which the insured depository
institution pays no interest. It also includes Interest on Lawyers Trust
Accounts ("IOLTAs"). It does not include other accounts, such as
traditional checking or demand deposit accounts that may earn interest, NOW
accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction
accounts, visit
www.fdic.gov.
Contact
info@farmers-bank.com for more information.
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