First Bank of Charleston First Bank of Charleston First Bank of Charleston
First Bank of Charleston First Bank of Charleston First Bank of Charleston
First Bank of Charleston First Bank of Charleston



First Bank of CharlestonFirst Bank of Charleston
NOTICE OF CHANGES IN TEMPORARY FDIC INSURACE 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 on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). 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.
~ Member FDIC ~

FDIC INSURANCE PERMANENTLY RAISED TO $250,000!
The First Bank of Charleston is a member of the Federal Deposit Insurance Corporation (FDIC) so the funds in your checking, savings and certificates of deposits (CD’s) are automatically insured up to the applicable FDIC limits.

Effective October 3, 2009 and then extended through December 31, 2013, the basic deposit insurance limit had been increased from $100,000 to $250,000.

On July 21, 2010, President Obama signed the Wall Street Reform and Consumer Protection Act, which in part, PERMANENTLY raises the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

If you have any questions about these changes, or wish to determine how you can maximize your FDIC Insurance coverage, please contact us at 304-340-3000.

Are you unsure if you are FDIC insured? The FDIC has an online tool to help you determine if you are covered. Their site is https://www2.fdic.gov/EDIE/. Simply click on the green box that says Electronic Deposit Insurance Estimator (EDIE Estimator Tab), enter your information carefully and print your own personalized report.

FDIC Equal Housing Lender
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