FDIC deposit insurance has increased from $100,000 to $250,000 per depositor.
Transaction Account Guarantee Program
Cornerstone is participating in the FDIC’s Transaction Account Guarantee Program.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. If you have questions regarding the information above, please contact Kate Cartwright at 262.546.1129.
Financial Information
For in-depth financial information, including our balance sheet, income statement, performance and condition ratios, or demographic information, click here to access the FDIC’s Institutional Directory database. Our FDIC Certificate # is 33137. Then close the browser window to return.