Transaction Account Guarantee Program

How much insurance coverage does the FDIC provide?

The standard maximum deposit insurance amount is described as the “SMDIA” in FDIC regulations. The SMDIA is $250,000 per depositor, per insured bank, through December 31, 2013. On January 1, 2014, the SMDIA is scheduled to return to $100,000 per depositor, per insured bank, for all account ownership categories except Certain Retirement Accounts, which will remain at $250,000 permanently per depositor, per insured bank.

FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account, savings account, money market deposit account (MMDA) or time deposit such as a certificate of deposit (CD).

FDIC insurance covers depositors' accounts at each insured bank, dollar-for-dollar, including principal and any accrued interest through the date of the insured bank's closing, up to the insurance limit.

The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments are purchased at an insured bank.

The FDIC does not insure safe deposit boxes or their contents.

Community National Bank was founded in 1984 on the premise that it could offer superior banking services to the community at a reasonable price while providing a competitive return to its shareholders. TWENTY-SIX years later this philosophy remains the same. In today's market, it is essential to provide quality products and services that are delivered in a professional and friendly manner. We emphasize customer service on a personal level; we know our customer and more importantly, they know us! More...