• e-Statements
• CIB Holiday Hours
• Find an ATM
• Switch Kit
• Change of Address

FDIC: Temporary Liquidity Guarantee Program

Citizens Independent Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Also eligible are all NOW accounts and IOLTAs earning less than 0.25% interest.

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 that is valid through December 31, 2013.

There is no need for depositors to apply for FDIC insurance or even request it. Coverage is automatic.

To ensure funds are fully protected, depositors should understand their coverage limits. The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits shown in the chart below refer to the total of all deposits that an account holder has in the same ownership categories at each FDIC-insured bank. The chart shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met. Please contact a banker at any of our locations for more details.

Basic FDIC Deposit Insurance Coverage Limits

• Single Accounts (owned by one person): $250,000 per owner
• Joint Accounts (two or more persons): $250,000 per co-owner
• IRAs and certain other retirement accounts: $250,000 per owner
• Trust Accounts: $250,000 per owner for beneficiary subject to specific limitations and requirements
• Corporation, Partnerships and Unincorporated: $250,000 per corporation, Association Accounts partnership or unincorporated association
• Employee Benefit Plan Accounts: $250,000 for non-contingent ascertainable interest of each participant
• Government Accounts: $250,000 per official custodian Non-interest Bearing Transaction Accounts Unlimited coverage – only at participating FDIC-insured banks and savings associations*


*Citizens Independent Bank is participating in the FDIC’s Transaction Account Guarantee Program.