FDIC Insurance Coverage
Delta Bank is a subsidiary of Delta National Bancorp, registered with the office of the Comptroller of the Currency. As a FDIC Member of the Federal Deposit Insurance Corporation, each depositor is insured to at least $250,000.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
Beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account including an Interest on Lawyer Trust Account (IOLTA) will no longer receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Effective January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will revert to being insured by the FDIC up to the standard maximum deposit insurance amount of $250,000 for each deposit insurance ownership category.
What Is the FDIC?
The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government. The FDIC protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. The term “insured bank” is used in this brochure to mean any bank or savings association with FDIC insurance.
To check whether your bank or savings association is insured by FDIC, call toll-free 1-877-275-3342, use “Bank Find” at www.fdic.gov/deposit/index.html, or look for the official FDIC sign where deposits are received.
Helpful links to the FDIC’s web site:
- Insuring Your Deposit
- Deposit Insurance
- Electronic Deposit Insurance Estimator
- Frequently Asked Questions