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FDIC COVERAGE On July 21, 2010, FDIC deposit insurance was permanently increased to $250,000.00 per depositor. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. Transaction Account Guarantee ProgramVermilion Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2012, all non-interest-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. |
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