Upcoming Changes may affect your OVERDRAFT PROTECTION.  Make sure you OPT-IN before August 15, 2010.  For more information pleas call us! - Posted July 15, 2010

First Community Bank of Crawford County is Participating in the FDIC'S Transaction Guarnatee Program.  Under the program, Through December 31, 2010, All Non-Interest Bearing Accounts are fully guarnated by the FDIC for the Entire Amount in the account.  Coverage under the transacation account guarnatee program is in addition to and separate from the coverage available under the FDIC'S General Deposit Insurance Rules.   - Posted July 15, 2010.

 

 FDIC $250,000 Deposit Coverage Extended -  Deposits at FDIC-insured institutions like First Community Bank are now insured up to at least $250,000 per depositor through December 31, 2013. FDIC has announced that the 2013 date supersedes the 2008 changes which extended FDIC coverage from $100,000 to $250,000 only through the end of 2009. With the latest regulatory revision, coverage will remain at $250,000 for accounts – including those held by individuals, corporations, partnerships, limited liability companies, and municipalities – until January 1, 2014, when the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts (which will remain at $250,000 per depositor).

This additional move toward economic recovery is a great opportunity for people to achieve maximum coverage and security for their deposits. It’s an especially great time for Certificates of Deposit and other FDIC insured accounts which offer both security and interest income. We have seen a lot of customers coming in looking for the reliability of traditional savings products over the past several months, and this extension of the FDIC insurance will certainly create another boost of consumer confidence in the economy.
- Posted June 9, 2009