Safe. Sound. Strong.

Notice of expiration of the temporary full FDIC insurance coverage for noninterest-bearing transaction accounts

By operation of federal law beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit::
http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

 
FDIC Insurance Limits

Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank, and The Biltmore Bank of Arizona are the same FDIC-insured institution. Deposits held at Grandpoint Bank, Bank of Tucson, Regents Bank, and The Biltmore Bank of Arizona are combined when determining the $250,000 federal deposit insurance limit 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

©2013 Grandpoint Bank. All rights reserved.

External Link Disclaimer

Grandpoint Bank has no control over information at any site hyperlinked to or from this Site. Grandpoint Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Grandpoint Bank of any information in any hyperlinked site. In no event shall Grandpoint Bank be responsible for your use of a hyperlinked site. If you "Continue", the link will attempt to open a new window. If it is unable to, the link will open in the current window.

Continue

×