Foundation Bank MBC


At Foundation Bank, we strive to:

Meet your needs,

Build a relationship with you,

Earn your loyalty

Welcome Saturday January 28 2012
 
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 NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS


All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account and Interest On Lawyers Trust Accounts (IOLTA) on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov or click on the green FDIC icon on the bottom right corner of this page.

 

 

 

 

 

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