TEMPORARY LIQUIDITY GUARANTEE PROGRAM
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The Bennington State Bank, with offices in Salina, Bennington, Minneapolis, and Wamego, 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.
The Bank’s NOW account products are not eligible for the additional and separate FDIC insurance coverage under this Transaction Account Guarantee Program, they are subject to the FDIC’s general deposit insurance rules.
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(The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRA’s and other certain retirement accounts, which will remain at $250,000 per depositor.)