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On October 3, 2008, FDIC deposit insurance temporarily increased
from $100,000 to $250,000 per depositor through December 31, 2009.
The FDIC has simplified its rules for insurance coverage of revocable
trust deposits, effective September 26, 2008.
The new rules provide at least the same coverage as the former rules. See FDIC Financial Institution Letter 99-2008 (http://www.fdic.gov/news/news/financial/2008/fil08099.html).
The Electronic Deposit Insurance Estimator (EDIE) has been modified to reflect recent changes. All other deposit insurance resources will be updated and reposted as soon as available.
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Highlights |
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Bank Closing Information for Meridian Bank, Eldred, IL
October 10, 2008
The bank was closed by the Department of Financial and Professional Regulation of the Illinois Division of Banking and the FDIC was named Receiver. All deposit accounts have been transferred to National Bank, Hillsboro, Illinois and will be available immediately.  |
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Bank Closing Information for Main Street Bank, Northville, MI
October 10, 2008
The bank was closed by the Michigan Office of Financial & Insurance Services and the FDIC was named Receiver. All deposit accounts have been transferred to Monroe Bank & Trust, Monroe, Michigan and will be available immediately. |
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