Important Notice:
Temporary Changes to FDIC Deposit Insurance Coverage.
The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.
Transaction Account Guarantee Program (TAGP)
Park Ridge Community Bank is participating in the FDIC's Transaction Account Guarantee Program (TAGP). Under that program, through December 31, 2009, all non interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount of the account. Coverage under the Transaction Account Guarantee Program (TAGP) is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
NOW accounts with APYs greater than 0.50% do not qualify for the TAGP. NOW accounts with APY's equal to or less than 0.50% are covered by the TAGP.
Click here for more information regarding your FDIC Insured Accounts.
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