Details About FDIC Deposit Insurance Limits
On July 31,2010 President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. One of the many facets of this law addresses FDIC insurance limits, by permanently raising the standard maximum deposit insurance amount to $250,000 per depositor. This limit was first increased by an temporary act of Congress in late 2008 to assist the nation with economic recovery, and later extended through December 31, 2013. The passage of the Dodd-Frank Act in 2010 made the $250,000 coverage permanent.
For complete details about FDIC Deposit Insurance or to ask a specific question on how these extensions relate to your situation, please contact any member of our team at your neighborhood financial center, or contact us by email. You may also review general information at the FDIC web site. Click here to go to FDIC site now. Thank you for banking with AmericanWest Bank!
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