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NOTICE OF
CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR
TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction
account" are insured in full by the Federal Deposit Insurance Corporation
from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and
separate from, the coverage of at least $250,000 available to depositors under
the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction
account" includes a traditional checking account or demand deposit account
on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts
("IOLTAs"). It does not include other accounts, such as
traditional checking or demand deposit accounts that may earn interest, NOW
accounts, money-market deposit accounts.
For more information about temporary FDIC insurance
coverage of transaction accounts, visit www.fdic.gov.
South
Side Bank would like to remind everyone that financial institutions, really any
company, will not call, email, or text to ask you any personal information on an
account. Please remember to never give out a card or PIN number, or any other confidential information,
such as a social security
number.
Consumer Alert:
Don't Fall Victim to Online Scams! Your security is important to us. The sophistication of phishing and spoofing scams sent out to consumers is continuing to increase dramatically. While online banking is widely considered to be as safe as or safer than in-branch or ATM banking, as a general rule you should be careful about giving out your personal financial information over the Internet. Remember, no reputable financial institution will ever request your personal information via email. Click here for more information |