Please call the phone numbers below for our current rates:
Southern Bank of Tennessee: 615-758-6600.
The Community Bank of East Tennessee an Office of Southern Bank of Tennessee: 865-457-3433.
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Please call the phone numbers below for our current rates: Southern Bank of Tennessee: 615-758-6600. The Community Bank of East Tennessee an Office of Southern Bank of Tennessee: 865-457-3433. |
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| © 2010 The Community Bank of East Tennessee | |
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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE
FOR NON-INTEREST BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.
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