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Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

In December 2010 the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provided temporary unlimited deposit insurance coverage for noninterest-bearing transaction accounts at FDIC-insured depository institutions. This temporary Dodd-Frank Deposit Insurance Provision is scheduled to expire on December 31, 2012.

Beginning January 1, 2013, all of a depositor's accounts, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

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.

You can rest assured that you and your financial needs are our first priority. American National Bank brings the strength and security of over 100 years of history, and $2 billion in assets, plus the expertise and professional service to help you find the best solutions for your money.

For customers looking to retain coverage above the standard maximum deposit insurance amount of $250,000, we can advise you on solutions that can structure your deposits to maintain the maximum coverage by FDIC, secure your deposits exceeding deposit limits, and manage your deposits for overall security.

If you are interested in learning about solutions American National Bank has available, please stop into any branch location, or contact your banker. In the meantime, for additional information about FDIC insurance coverage you may visit



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