Safe. Sound. Strong.
Grandpoint Capital, Inc., launched Grandpoint Bank, a wholly owned subsidiary, in 2010 with a $75-million investment. The initial investment, part of a much larger capital commitment, demonstrated the overwhelming confidence of investors in the well-documented track record of the bank's leadership team and their vision for Grandpoint.
Notice of changes in temporary FDIC 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 the temporary FDIC insurance coverage of transaction accounts, visit http://www.fdic.gov.
FDIC Insurance Limits
As an FDIC-insured institution, your deposits at Grandpoint Bank are insured up to at least $250,000 per depositor for each account ownership category.
http://fdic.gov/news/news/press/2010/pr10161.html
Helpful Links
What you should know about the FDIC
http://www.fdic.gov/deposit/deposits
http://www.myFDICinsurance.gov
What you should know about the Transaction Account Guarantee program
http://www.fdic.gov/news/news/financial/2010/fil10015.html
