FDIC Disclosure
Non-Interest Bearing Deposit Transcation
Accounts Now Fully Insured
First Star Bank S.S.B. has elected to
participate in the Federal Government's Transaction Account Guarantee
Program. What this means is that your noninterest-bearing checking
account balances are fully insured by the FDIC, regardless of the balance,
through June 30, 2010. Noninterest-bearing accounts include
Interest on Lawyers Trust Accounts and transaction accounts earning 0.50%
interest or less. 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.
The standard FDIC deposit insurance amount
of $250,000 per depositor is in effect through December 31, 2013. On
January 1, 2014, the standard insurance amount will return to $100,000 per
depositor for all account categories except IRAs and other certain
retirement accounts, which will remain at $250,000 per depositor.
Special Rule for Sweep Investments - If you
have a noninterest-bearing checking account that "sweeps" funds into
another account, you should be aware that funds swept to an
interest-bearing account, a non-transaction account or overnight
investment account will not be covered by the FDIC Transaction Account
Guarantee Program.
This institution is
chartered, licensed, or registered under the laws of the State of Texas
and by state law is subject to regulatory oversight by the Texas
Department of Savings
and Mortgage Lending. Any customer wishing to file a complaint against this
institution should contact the Texas Department of Savings and Mortgage
Lending through one of
the means indicated:
In
Person or U.S. Mail: 2601 North Lamar Boulevard, Suite 201, Austin, Texas
78705; Telephone No.: 877-276-5550;
Fax No.: 512-475-1360; Website: www.sml.state.tx.us/contacts.html.
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