About Old National |
Member FDICWhat does that mean for you?Old National Bank is a member of the FDIC and has a strong capital position well above FDIC guidelines for “well-capitalized” institutions. What does that mean for you?
What is the FDIC?An independent agency of the federal government, the Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions and regulates financial institutions for safety and soundness. Since the FDIC was established in 1933, no depositor has ever lost a penny of insured deposits. Learn more about the FDIC. How much FDIC insurance coverage applies to my account?The Federal Government’s Emergency Stabilization Act of 2008 increased FDIC insurance coverage for individual deposits from $100,000 to $250,000 per individual per insured bank through Dec. 31, 2013. FDIC-insured deposits include checking, savings, money market deposit accounts, IRAs and CDs. Read a message from our CEO Bob Jones about Old National and the banking industry. Make the smart choice for your money and learn more about our FDIC-insured deposit products. What is the FDIC Transaction Account Guarantee Program?Old National is participating in the FDIC Transaction Account Guarantee Program. Under this program, through December 31, 2010, all non interest-bearing demand deposit 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 general deposit insurance rules. Please talk with your Old National banker to determine if your account is eligible for this program. |
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