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Transaction Account GuaranteeBank of the Prairie is participating in the FDIC’s Transaction Account Guarantee Program.
“Under this program, all funds in a “noninterest-bearing transaction account”, are insured fully and guaranteed by the FDIC from December 31st 2010 through December 31, 2012.
This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000.00 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 (Bank of the Prairie) pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market accounts, and Interest on Lawyer’s Trust Account (“IOLTAs”).
Bank of the Prairie has agreed to comply with the Luxury Expenditure Policy of Prairie Star Bancshares, Inc. in accordance with the Executive Compensation Regulation 31 C.F.R Part 30. Click Here to see a copy of the Policy. |
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