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Pelham Banking Company Copyright © 2010
180 Mathewson Ave. Pelham, GA 31779 (229) 294-2341
180 Mathewson Ave. Pelham, GA 31779 (229) 294-2341
Pelham Banking Company is participating in the FDIC's Transaction Account Guarantee Program.
Under that program, through June 30, 2010, all non interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.
NOW accounts do not qualify as non-interest bearing transaction accounts. 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.
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.
Under that program, through June 30, 2010, all non interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.
NOW accounts do not qualify as non-interest bearing transaction accounts. 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.
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013.