Additional Protection:
In addition to the FDIC insurance increase lasting through 12-31-2013, CoreFirst Bank & Trust is participating in the FDIC’s Transaction Account Guarantee Program. Under this program, continuing through December 31, 2010, the following account types are fully guaranteed for the entire amount in the account:
· All non– interest bearing transaction accounts.
· Funds in particular types of interest-bearing checking accounts in which CoreFirst has committed to pay no more than 0.25% through December 31, 2010, and account holders are individuals, sole proprietors, charitable and not for profit organizations, and public entities.
· Interest on Lawyers Trust Accounts (IOLTAs), regardless of interest rate.
The Transaction Account Guarantee Program does not cover NOW accounts on which the interest rate can exceed 0.25%, savings accounts, or certificates of deposit. Also note that funds swept out of non-interest bearing transaction accounts into interest-bearing accounts or non-deposit investment products are not covered by the FDIC’s Transaction Account Guarantee Program. Funds swept into another interest-bearing deposit account or non-deposit investment product would be insured under general FDIC rules. Coverage under the Transaction Account Guarantee Program is in addition to and separate form the coverage available under the FDIC’s general deposit rules.