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Shore Community Bank is a member of the Federal
Deposit Insurance Corporation (FDIC). FDIC deposit insurance is backed
by the full faith and credit of the United States government. The
standard insurance amount of $250,000.00 is in effect through December
31, 2013. On January 1, 2014, the standard insurance amount will
return to $100,000.00 per depositor for all account categories except
IRAs and other certain retirement accounts, which will remain at
$250,000.00 per depositor. To learn more about FDIC insurance please
visit:
http://www.fdic.gov/deposit/deposits/DIfactsheet.pdf
http://www.fdic.gov/edie/index.html
The Transaction Account Guarantee Program
Shore Community Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through
December 31, 2010 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.
*Noninterest-bearing transaction accounts do not include
Shore Community Bank's NOW Accounts. |
