FDIC’s Transaction Account Guarantee Program

Standard Bank is participating in the FDIC’s Transaction Account Guarantee Program

As a result of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010, the standard maximum FDIC deposit insurance amount has been permanently increased to $250,000 per depositor

In addition, Standard Bank is participating in the FDIC’s Transaction Account Guarantee Program.  Under that program, through December 31, 2010, 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.

Terms and Disclosures