Your accounts are benefiting from increased Federal Deposit Insurance Corporation (FDIC) insurance. Here's how...
Increased from $100,000 to $250,000
New Deposit Insurance Limits - The standard insurance amount of $250,000 per depositor has been permanently increased.
Update Starting January 1, 2013
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account (IOLTA)) 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 options that First Business Bank may be able to assist you with, please contact us at: Madison: 608-238-8008, Milwaukee: 262-792-1400, Northeast: 920-734-1800.