Basic FDIC Insurance Coverage Permanently Increased to $250,000 Per Depositor

On July 21, 2010, the President signed the Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

To help consumers, bankers and others understand how the new law affects deposit insurance coverage and to help consumers verify whether their deposit accounts are fully protected, the FDIC provides the following resources:

A toll-free consumer assistance line: Help and information about deposit insurance and other matters of interest to bank customers are available at 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday from 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.

On the Internet, please go to: FDIC Deposit Insurance Coverage

Transaction Account Guarantee Program

Community Trust Bank 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.

The Wall Street Reform and Consumer Protection Act provides for this guarantee to be in effect from January 1, 2011 through December 31, 2012 for all insured financial institutions.

For more information, please go to: Frequently Asked Questions