Changes in FDIC Deposit Insurance Coverage

The standard insurance is $250,000 per depositor, per insured bank, for each account ownership category.

Midland Community Bank Notice of Participation in FDIC Transaction Acount Guarantee Program

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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTA's").

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov