FDIC Insurance Coverage
Denison State Bank is a member of the Federal Deposit Insurance Corporation. FDIC is an independent government agency that protects you against the loss of your deposits if an FDIC-insured bank fails. FDIC insurance is backed by the full faith and credit of the United States government. The insurance premiums are directly paid for by the member banks -- not by depositors or tax money.
For all current information about FDIC insurance, including maximum insurance amounts and suggested ownership categories, visit FDIC.
FDIC Insurance Coverage: $250,000
FDIC coverage is $250,000 per depositor per insured institution. Insured accounts include all institutional savings and checking accounts, certificates of deposit, and money-market deposit accounts. Individual Retirement Accounts (IRAs) are insured separately. Coverage limits refer to the total of all deposits that an accountholder has at each FDIC-insured institution. Ownership categories of single, joint, retirement, and trust are the most common that apply to individual and family deposits, and assumes that all FDIC requirements are met.
Through our CDARS program (Certificate of Deposit Account Registry Service), every dollar you deposit can be covered by FDIC insurance, above the standard limit per ownership category. This allows you to keep more funds deposited at Denison State Bank that are fully covered by the FDIC.