New FDIC Insurance Rules

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

By federal law, as of January 1, 2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.

 

 

 

Camden National Bank, Member FDIC, Equal Housing Lender Equal Housing Lender, Equal Opportunity Employer — © 2014 Camden National Corporation, All Rights Reserved.

3