Allegiance Bank 610.949.9500 - StarTreatment@AllegBank.com Email Allegiance Bank Email Allegiance Bank

Important notice to our depositors

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On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which made the current standard maximum deposit insurance amount (SMDIA) of $250,000 permanent. The FDIC coverage limit applies per depositor, per insured institution, for each account ownership category.

Transaction Account Guarantee Program
Allegiance Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. 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.

Participation in the Transaction Account Guarantee Program is optional. Although Allegiance Bank has elected to participate, other banks may elect not to participate.

Should you have any questions about the Transaction Account Guarantee Program or any other deposit insurance matter, please contact an Allegiance Personal Banker.

 

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