FDIC Deposit Account Insurance
The FDIC, short for the Federal Deposit Insurance Corporation, is an independent agency of the United States government. The FDIC protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
All FDIC-insured banks must meet high standards for financial strength and stability. The FDIC, with other federal and state regulatory agencies, regularly reviews the operations of insured banks to ensure these standards are met. If your insured bank fails, FDIC insurance will cover your deposits dollar for dollar, including principal and any accrued interest, up to the insurance limit.
Western Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2013, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount of the account. Interest-bearing accounts are fully guaranteed by the FDIC up to $250,000. 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.
For additional information, please Click Here to visit the FDIC website
