NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
 
 
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
 
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs")It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts. 
 
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
 

 

 


NOTICE: The Rochester State Bank web site may contain links to other web sites. These links are provided for your information only. Rochester State Bank is not responsible for these sites and does not control or endorse their content, however, it is our sole intent to provide only good information that our customers may find useful. The contents of this web site are for informational and/or authorized customer use. Any unauthorized use of or access to this site or it's contents may be punishable by applicable law. Rochester State Bank has chosen not to participate in FDIC's Transaction Account Guarantee Program. Customers with noninterest bearing transaction accounts will continue to be insured for up to $250,000 under the FDIC's general deposit insurance rules.