Community Banks-Shelby County
Community Banks-Shelby County
126 N Grand Route 128,
Cowden, IL 62422
Phone:(217) 783-2121
Fax:(217) 783-2160
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.
Community Banks of Shelby County is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, 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.
Beginning January 1, 2010 Community Banks of Shelby County will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after December 31, 2009, funds held in noninterest-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.
Click here to go to the FDIC website to calculate your deposit insurance.
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