New Deposit Insurance Limits
As of July 21, 2010, the Federal Deposit Insurance Corporation (FDIC) permanently increased its coverage on deposit accounts from $100,000 to $250,000 as a result of the Dodd- Frank Wall Street Reform and Consumer Protection Act.

Sumner Bank and Trust is participating in the Transaction Account Guarantee Program.

Transaction Account Guarantee Program

Sumner Bank and Trust 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. Now accounts are not eligible.

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 deposit 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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money market deposit accounts, and Interest on Lawyers Trust Accounts (“IOLTAs”).

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov