Common use of FDIC Insurance Clause in Contracts

FDIC Insurance. The FDIC is an independent agency created by the United States Congress that provides deposit insurance to depositors in commercial banks and savings institutions legally chartered to offer banking services in the United States. FDIC deposit insurance is backed by the full faith and credit of the United States government. FDIC deposit insurance covers the depositors of a failed FDIC insured depository institution dollar-for- dollar, principal plus any interest accrued, through the date of a bank failure, up to at least the then current Standard Maximum Deposit Insurance Amount, or “SMDIA,” as determined by the FDIC. As of July 17, 2019, the SMDIA is $250,000 per depositor, per ownership category. To learn more about FDIC insurance please carefully review the information provided by the FDIC at: xxxxx://xxx.xxxx.xxx/deposit/deposits.

FDIC Insurance. The FDIC is an independent agency created by the United States Congress that provides deposit insurance to depositors in commercial banks and savings institutions legally chartered to offer banking services in the United States. FDIC deposit insurance is backed by the full faith and credit of the United States government. FDIC deposit insurance covers the depositors of a failed FDIC insured depository institution dollar-for- dollar, principal plus any interest accrued, through the date of a bank failure, up to at least the then current Standard Maximum Deposit Insurance Amount, or “SMDIA,” as determined by the FDIC. As of July 17, 2019, the SMDIA is $250,000 per depositor, per ownership category. To learn more about FDIC insurance, and whether your account type is eligible for FDIC insurance coverage, please carefully review the information provided by the FDIC at: xxxxx://xxx.xxxx.xxx/deposit/deposits.

FDIC Insurance. The FDIC is an independent agency created by the United States Congress that provides deposit insurance to depositors in commercial banks and savings institutions legally chartered to offer banking services in the United States. FDIC deposit insurance xxxx xxxxx is backed by the full faith and credit of the United States government. FDIC deposit insurance covers the depositors of a failed FDIC insured depository institution dollar-for- dollar, principal plus any interest accrued, through the date of a bank failure, up to at least the then current Standard Maximum Deposit Insurance Amount, or “SMDIA,” as determined by the FDIC. As of July 17, 2019, the SMDIA is $250,000 per depositor, per ownership category. To learn more about FDIC insurance, and whether your account type is eligible for FDIC insurance coverage, please carefully review the information provided by the FDIC at: xxxxx://xxx.xxxx.xxx/deposit/deposits.

FDIC Insurance. The FDIC is an independent agency created by the United States Congress that provides deposit insurance to depositors in commercial banks and savings institutions legally chartered to offer banking services in the United States. FDIC deposit insurance xxxx xxxxx is backed by the full faith and credit of the United States government. FDIC deposit insurance covers the depositors of a failed FDIC insured depository institution dollar-for- dollar, principal plus any interest accrued, through the date of a bank failure, up to at least the then current Standard Maximum Deposit Insurance Amount, or “SMDIA,” as determined by the FDIC. As of July 17, 2019, the SMDIA is $250,000 per depositor, per ownership category. To learn more about FDIC insurance please carefully review the information provided by the FDIC at: xxxxx://xxx.xxxx.xxx/deposit/deposits.