FDIC Deposit Insurance Coverage
Deposits at FDIC-insured institutions, including GNB Bank, are now insured up to $250,000 per depositor. Under legislation passed on July 21, 2010, basic FDIC Insurance coverage has been permanently increased to $250,000 per depositor.
January 1, 2013
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Non-Interest Bearing Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all non-interest bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000) for each deposit insurance ownership category.
If you have questions concerning your deposit account insurance, contact a GNB Personal Banker under the Meet Our Team section on the Contact Us page.