December 31, 2009
All non-interest bearing transaction deposit accounts at an FDIC-insured institution, including all personal and business checking deposit accounts that do not earn interest, are fully insured for the entire amount in the deposit account. This unlimited insurance coverage is temporary and will remain in effect for participating institutions until June 30, 2010. (Premier Bank is a participating institution)
For more information visit: www.fdic.gov
May 20, 2009
"The Helping Families Save their Homes Act of 2009" was signed into law. This act extends the FDIC deposit insurance coverage of $250,000 per depositor through December 31, 2013. On January 1, 2014, FDIC deposit insurance for all deposit accounts—except for certain retirement accounts—will return to at least $100,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, will remain at $250,000 per depositor.
For more information visit: www.fdic.gov
Please contact us at (303) 623-8888 with any questions on the Changes in FDIC Deposit Insurance Coverage.
