FDIC Insurance Facts
Temporary increase in basic FDIC insurance amount
Effective October 3, 2008, the basic limit on federal deposit insurance coverabe has been temporarily increased from $100,000.00 to $250,000.00 per depositor. The legislation probieds that the basic deposit insurance limit will return to $100,000.00 on December 31, 2009.
New Basic FDIC Deposit Insurance Limits for Common Ownership Types
Single Accounts (owned by one person)
Joint Accounts (two or more persons)
IRA's and certain other retirement accounts
Revocable Trust (ITF/POD) Accounts
Corporation/Partnership/Organization Accounts
Note: IRA's and certain other retirement accounts will continue to be insured up to $250,000.00 after December 31, 2009, in accordance with the Deposit Insurance Reform Act of 2005.
$250,000.00 per owner
$250,000.00 per co-owner
$250,000.00 per owner
$250,000.00 per owner per beneficiary subject to specific limitations and requirements
$250,000.00
Notice Regarding FDIC's Transaction Account Guarantee Program
Western States Bank, a branch of Valley Bank and Trust
Co., Scottsbluff, NE, is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2013, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount 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.
