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Your deposit at First Bank is insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC, an independent agency of the United States government, protects you against the loss of your deposits if an insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
The FDIC insures deposit accounts such as checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs). The basic insurance limit is $100,000 per depositor per insured bank. For Individual Retirement Accounts, each depositor is insured up to $250,000.
If you or your family has deposits at First Bank totaling more than $100,000, you should know that different ownership categories of accounts are separately insured up to $100,000. You may qualify for more than $100,000 in coverage at First Bank if you own deposit accounts in different ownership categories.
For more information about FDIC deposit insurance visit www.FDIC.gov.
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