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Transaction Account
Guarantee Program
Progressive Bank 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. All balances in IOLTA accounts
are also covered under the Transaction Account Guarantee
Program. Certain other checking accounts may also be
covered. Contact a Customer Service Representative for
more details.
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New Deposit Insurance Limits
The standard insurance amount of at least $250,000 per depositor is now a permanent change
effective July 21, 2010.
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