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Community Bank of Northern Wisconsin is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through
December 31, 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.
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STANDARD DEPOSIT INSURANCE COVERAGE AMOUNT OF $250,000 MADE PERMANANT
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000.
The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.>
Click here to view a Summary of Deposit Insurance Coverage
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