Pacific Valley Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. 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.
Pacific Valley Bank's interest earning checking accounts* may qualify for unlimited FDIC insurance under the Transaction Account Guarantee Program.
FDIC deposit insurance has been increased from $100,000.00 to $250,000.00 through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000.00 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000.00 per depositor.
Additional information regarding FDIC insurance is available by clicking here.
* Interest earning checking accounts (low interest NOW accounts & IOLTA's) with interest rates no higher than .25%.
