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FDIC Insurance Coverage
On August 10th 2010 the FDIC Board of Directors adopted the attached final rule amending its insurance regulations (12 C.F.R. Part 330) and advertising regulations (12C.F.R. Part 328) to conform with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which permanently increased the standard maximum deposit insurance amount (SMDIA) from $100,000 to $250,000. This permanent increase in the SMDIA became effective July 22nd 2010.

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
Effective January 1, 2013 the FDIC will no longer provide separate, unlimited, deposit insurance coverage for “Non-Interest Bearing Transaction Accounts” at insured depository institutions. These accounts will be insured by the FDIC up to the legal amount of $250,000 for each ownership category. The term “Non-Interest Bearing Transaction Account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. IOLA or IOLTA’s where the interest is paid to the state bar association or other organizations to fund legal assistance programs shall also be classified as a “noninterest-bearing transaction account”. It does not include other accounts such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Escrow accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit
American Community Bank Member FDIC Coverage Extended
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