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About FDIC Insurance

Peoples Bank is insured by the FDIC – short for the Federal Deposit Insurance Corporation – 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.

Notice of Expiration of the Full Temporary FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account “IOLTAs”) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit: http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.

Customers can learn about FDIC insurance and how to estimate the amount of insurance they have for their accounts at http://www.fdic.gov/edie .

Access multi-million dollar FDIC insurance when you enroll in the CDARS® program

Almost anyone who wants to combine the convenience of working with one financial institution with the security of FDIC insurance can benefit from enrollment in the CDARS Program at Peoples Bank.

Contact your local branch or contact customer service if you have specific questions or concerns about the FDIC insurance on your accounts.