The FDIC protects depositors against the loss of their deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

FDIC insurance covers all types of deposits received by you at an insured bank, including deposits in checking, NOW, and savings accounts, money market deposit accounts, and certificates of deposit (CDs). Safe deposit boxes, and their contents, are not insured.

FDIC deposit insurance covers the balance in your account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing. The basic insurance amount is $250,000* per depositor, per insured bank.

*Per depositor coverage of $250,000 is effective 10.03.08 through 12.31.09. After 12.31.09, coverage will revert back to $100,000 with the exception of certain retirement accounts, like IRAs, which are already insured for up to $250,000.

For more information on FDIC Insurance protection of your deposits, visit the FDIC website.