Information About the FDIC

Business Banking | Miscellaneous

Information about the FDIC | March 19, 2020

The Federal Deposit Insurance Corporation (FDIC) is a government organization that provides insurance on deposited funds in U.S. banks. Since the inception of the Federal Deposit Insurance Corporation (FDIC) in 1933, no depositor has lost a penny of FDIC-insured funds as a result of a failure1.

For information about FDIC insurance and tips on how to protect your money, visit:

FDIC Website

Electronic Deposit Insurance Estimator (EDIE)

Online Education Center Video About FDIC  

 

1 Source: https://www.fdic.gov/about/what-we-do/

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What is CDARS?

CDARS is a service that provides a solution for large depositors looking for additional FDIC coverage for certificate of deposit account balances that exceed the FDIC coverage limit. With CDARS, large depositors can maintain multi-million-dollar FDIC-insured CD balances through a single financial institution.

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