For CRA Notice comments or to submit a comment electronically please click on the following link.
FDIC CRA Website
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in FDIC-insured institutions. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in1933, no depositor has ever lost a single penny of FDIC-insured funds.
There is no need for depositors to apply for FDIC insurance or even to request it; coverage is automatic. FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.
The FDIC guarantees all traditional types of deposit accounts (checking, savings, trust, money market, CDs) up to $250,000 and guarantees IRAs up to $250,000.
Investment products (mutual funds, annuities, life insurance policies, stocks and bonds) are not FDIC insured, may lose value, and are not bank guaranteed.
For customers with accounts in multiple categories at a single financial institution, FDIC coverage is based on the titling of the accounts and the category of accounts, not the number of accounts.
For example, a customer who owns a checking account and a CD titled in his or her own name as single owner will receive a total of $250,000 of combined coverage for both accounts.
But if that same customer also has a joint account (which is a separate category from individual accounts), he or she could receive an additional $250,000 of insurance for the funds held in the joint account.
You may contact a customer service representative or visit a bank location to obtain a copy of the “FDIC – Your Insured Deposits” brochure. You may also call the FDIC at 1.877.ASK.FDIC (1.877.275.3342) or by visiting www.fdic.gov
FDIC Insurance Calculator (EDIE)
The FDIC’s Electronic Deposit Insurance Estimator (EDIE) lets consumers and bankers know, on a per bank basis, how the insurance rules and limits apply to a depositor’s specific group of deposit accounts—what’s insured and what portion (if any) exceeds limits at a particular bank. EDIE also allows the user to print the report for record keeping purposes.
For more information visit FDIC website at:
“FDIC Consumer News” is produced quarterly by the FDIC Office of Public Affairs in cooperation with other Division and Offices. It is intended to present information in a nontechnical way and provide consumers with helpful information about the financial world and up-to-date with current trends.
To read more visit the FDIC website at:
FDIC Deposit Insurance Coverage The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.
FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.
There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.
To ensure funds are fully protected, depositors should understand their coverage limits. The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits shown in the chart below refer to the total of all deposits that an accountholder has in the same ownership categories at each FDIC-insured bank. The chart shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.
BASIC FDIC Deposit Insurance Coverage Limits*
- In State Accounts – Up to $250,000 for the combined amount of all time and savings accounts (including NOW** accounts), and up to $250,000 for all demand deposit accounts (interest-bearing and noninterest-bearing)
- Out of State Accounts – Up to $250,000 for the combined total of all deposit accounts.
** A Negotiable Order of Withdrawal (NOW) account is a savings deposit not a demand deposit account.
If you have questions about FDIC coverage limits and requirements, visit www.myFDICinsurance.gov or call toll-free 1-877-ASK-FDIC or ask a bank representative.
Internet Banking Awareness
Mobile Deposit Agreement
Online Privacy & Security
Our native app is fast, secure and free. Use your current login information to start banking today.
Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.
You are leaving First State Bank's website and linking to a third party site. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of First State Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. First State Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.