FDIC Transaction Account Guarantee Program - First National Bank of Wyoming

The First National Bank of Wyoming is a Safe and Sound Financial Institution.

Click here to view our letter to our customers regarding our Strength, Stability and Commitment as published in local news papers.

FDIC Transaction Account Guarantee Program

Notice to Customers

The First National Bank of Wyoming is participating in the FDIC’s Transaction Account Guarantee Program. Under this Program, through December 31, 2010, all Non-interest Bearing Transaction Accounts are Fully Guaranteed by the FDIC for the entire amount of the account. Non-interest Bearing Accounts include IOLTAS and NOW Accounts that earn 0.25% in interest or less. 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.

FDIC Insurance Q & A

Are my deposits safe at First National?

Yes they are. Not only are your deposits safe with us as your bank of choice, they’re insured by the FDIC up to the maximum allowed by law.
Since The First National Bank of Wyoming is a member of the FDIC, they insure all deposits at our bank including deposits in checking accounts, interest bearing checking accounts, savings accounts, money market accounts*, and Certificates of Deposit. Generally, these types of accounts are insured up to $250,000.00 (Permenantly raised to this level from the original $100,000.00 in coverage on July 21, 2010 as a part of the Dodd-Frank Wall Street Reform and Consumer Protection Act being signed by President Obama). However, please read the notice above regarding The First National Bank of Wyoming’s participation in the FDIC’s Transaction Account Guarantee Program regarding non-interest bearing transaction accounts which include IOLTA and NOW accounts earning less than 0.25% interest.
*The type of Money Market accounts offered at First National are insured up to the maximum limits by FDIC Insurance. We do not offer Money Market Mutual Funds which are not covered by FDIC Insurance.
Individual Retirement Accounts (IRA’s) continue to be insured separately from other deposit accounts up to $250,000.00 per individual. This insurance coverage for these types of accounts became permanent effective April 1, 2006.
If you have more than $250,000.00 in deposits with us, it may be possible to insure these funds, depending upon the type of ownership category they fall under and the type of account they are deposited in. Click here to learn more about FDIC deposit insurance coverage.

If you would like to calculate your FDIC insurance coverage using the FDIC’s "EDIE" (Electronic Deposit Insurance Estimator) calculator, Click here. It’s an easy process and will only take a few minutes.

Business accounts generally receive $250,000.00 in FDIC deposit insurance coverage. Sole Proprietorship accounts are insured as the single account funds of the person who is the sole proprietor. However, please read the notice above regarding The First National Bank of Wyoming’s participation in the FDIC’s Transaction Account Guarantee Program regarding non-interest bearing transaction accounts which include IOLTA and NOW accounts earning less than 0.25% interest.

Again, FDIC insurance coverage of $250,000.00 has now been made permanent by the signing of the Dodd-Frank Bill. Individual Retirement Accounts remain covered separately at $250,000.00.

We hope you’ve found this information useful regarding FDIC Insurance coverage. All of us at First National want you to know your money is safe and sound with us today as it has been for over 100 years. If you need any further information regarding FDIC Insurance coverage, please Contact us. We’ll be happy to discuss your coverage with you directly.