Important notice to our depositors
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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