Oakworth Capital Bank, Common Cents, Publications

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News & Insights

Recent Issues of Common Cents

Edition:	Date Published:	File Type:
Common Cents Dec. 16,2011.pdf	12/16/2011 1:00:26 PM	PDF File
Common Cents Dec. 23,2011.pdf	12/23/2011 3:03:30 PM	PDF File
Common Cents Jan. 6, 2012.pdf	1/6/2012 3:12:56 PM	PDF File
January 13, 2011 Common Cents.pdf	1/13/2012 2:17:06 PM	PDF File
January 20, 2012 Common Cents.pdf	1/20/2012 12:04:16 PM	PDF File

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 and money-market deposit accounts.

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