To give you, our valued customers, peace of mind that your money is safe and secure, Bank of George is pleased to announce our participation in the FDIC Transaction Account Guarantee Program.
The Transaction Account Guarantee Program guarantees full deposit coverage on non-interest- bearing transaction accounts regardless of the dollar amount, and is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules of $250,000.00 per depositor. Both FDIC limits will be in effect until December 31, 2013.
Under the Final Rule, the definition of non-interest-bearing transaction accounts includes Interest on Lawyers Trust Accounts and low-interest NOW accounts (defined as NOW accounts with interest rates no higher than 0.50 percent). NOW accounts paying higher then .50 percent and the Leadership NOW accounts are not covered under the Transaction Account Guarantee Program, but continue to be covered under the FDIC’s general deposit insurance rules.
At Bank of George we are fully committed to ensuring the safety of our client's deposits, and providing you with the best banking services available. For further information please visit www.fdic.gov and/or contact Virginia Kundsen, EVP/COO, at (702) 851-4202














