Common use of Federal Deposit Insurance Clause in Contracts

Federal Deposit Insurance. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which provides deposit insurance to depositors in limited amounts. The FDIC is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. FDIC insurance covers all deposit accounts with 1st Source Bank, including: • Checking Accounts • Savings Accounts • Money Market Deposit Accounts • Certificates of Deposit FDIC insurance does not cover other financial products and services we may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. More information about FDIC deposit insurance is available at ▇▇▇.▇▇▇▇.▇▇▇ and at any 1st Source Banking Center.

Appears in 2 contracts

Sources: Agreement for Deposit, Agreement for Deposit

Federal Deposit Insurance. The Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which provides deposit insurance to depositors in limited amounts. The FDIC is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. FDIC insurance covers all deposit accounts with 1st Source Bank, including: • Checking Accounts accounts • Savings Accounts accounts • Money Market Deposit Accounts market deposit accounts • Certificates of Deposit deposit FDIC insurance does not cover other financial products and services we may offer, such as stocks, bonds, mutual funds, life insurance policies, annuities or securities. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. More information about FDIC deposit insurance is available at ▇▇▇.▇▇▇▇.▇▇▇ and at any 1st Source Banking Center.

Appears in 2 contracts

Sources: Agreement for Deposit, Agreement for Deposit