
FDIC INFORMATION
First Priority Bank is an FDIC Insured Bank. To be eligible as an FDIC insured bank, a financial institution must meet high standards for financial strength and stability. Furthermore, FDIC insured institutions are regularly audited to ensure that they continue to meet the requirements of the FDIC.
On July 21, 2010, FDIC deposit insurance permanently increased to $250,000 per depositor.
Deposits with First Priority are insured up to $250,000 for basic accounts (such as savings, checking, money market, and CDs) and up to $250,000 for retirement accounts. You may be realizing even higher rates of coverage. For full details, please visit the FDIC web site at http://www.fdic.gov/deposit. The site also provides an FDIC insurance calculator (http://www.fdic.gov/edie) that can help you calculate your coverage level.
Notice of Transaction Account Guarantee Program
First Priority Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2013, all noninterest-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 coverage available under the FDIC's general deposit insurance rules. Click here for more information.
Notice to Customers With Transfer or Sweep Arrangements
This is to advise you that First Priority Bank participates in the FDIC's Transaction Account Guarantee Program. Under that program, your noninterest-bearing transaction accounts with us have unlimited FDIC deposit insurance. This insurance is in addition to the FDIC's normal deposit insurance coverage of $250,000. However, if you have noninterest-bearing transaction accounts with a transfer or sweep arrangement to an interest-bearing transaction account or product, that transfer could decrease your FDIC deposit insurance coverage.
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