FDIC Update

Effective through December 31, 2013, Basic FDIC Insurance has been increased from $100,000 to $250,000 per depositor per insured financial institution. 

Beginning July 1, 2010, Farmers Savings Bank  will no longer participate in the FDIC's Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in non interest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rules.

On January 1, 2014, Basic FDIC Insurance will go back to $100,000, except for deposits in IRAs and certain other retirement accounts, which will remain at $250,000 and the separate unlimited FDIC guarantee on non-interest bearing transaction accounts will be eliminated.

A Farmers Savings Bank customer service representative will be happy to provide you with more information, or click on the FDIC logo on our home page to go directly to the FDIC website.