"On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.
On May 20, 2009, the temporary increase was extended until
December 31, 2013."
"New England Bank is no longer participating in the FDIC's Transaction Account Guarantee Program
as of December 31, 2009. After that date funds held in non-interest-bearing transaction accounts
will no longer be guaranteed in full under the Transaction Account Guarantee Program,
but will be insured up to $250,000 under the FDIC's general
deposit insurance rules. " |
