FDIC deposit insurance temporarily increased from $100,000.00 to $250,000.00 per depositor through December 31, 2013.
Security Bancshare Co. has chosen not to participate in the FDIC’s Transaction Account Guarantee Program which ends December 31, 2009 because the current $250,000 limit of FDIC insurance is sufficient for the vast majority of our customers. Security Bank customers with noninterest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC's general deposit insurance rules.
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