All KeySource Commercial Bank deposit accounts are insured by the FDIC up to $250,000 through December 31, 2013.
As an additional assurance for our customers, KeySource Commercial Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Negotiable order of withdrawal accounts (NOW accounts) are not guaranteed under the Transaction Account Guarantee Program, however, NOW accounts will still receive the standard coverage under the FDIC's general deposit insurance rules. Funds that sweep into a repurchase account are not considered noninterest-bearing; therefore they will not be covered under the FDIC's Transaction Account Guarantee Program. Should you have any questions, please contact your KeySource Commercial Bank Account Relationship Manager.