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"On July 1, 2010, FDIC deposit insurance permanently increased from to $250,000 per depositor."
Western Bank is participating in the FDIC's Transaction Account Guarantee Program. Under the program, through December 31, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Now accounts are not eligible for the guarantee. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
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