Community bank customers can bank with confidence at The Bank of Charlotte County knowing their money is safe, because it is insured by the FDIC and held in a well-capitalized and well-regulated institution. Since the FDIC was founded 75 years ago, no one has lost a penny of FDIC-insured funds”. Click on the following link for more information:

www.fdic.gov/deposit/deposits/insured

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 financial 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.

FDIC Deposit Insurance Coverage - The standard maximum deposit insurance amount is $250,000 per depositor per insured depository institution for each account ownership category. This coverage limit was made permanent by the Dodd-Frank Wall Street Reform and Consumer Protection Act of July 2010.