The FDIC – short for Federal Deposit Insurance Corporation – is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC insured bank fails. It is backed by the full faith and credit of the United States government. Since the FDIC began in 1934, no depositor has ever lost a penny of FDIC insured funds.
Important FDIC Information
- FDIC insurance covers funds in deposit accounts at First Eagle Bank, including checking, NOW, savings, money market deposit accounts and certificates of deposit (CDs).
- Deposits are insured up to at least $250,000 per depositor for each ownership category.
The FDIC provides separate insurance coverage for funds held in different ownership categories. This means that a bank customer may qualify for more than the $250,000 coverage if the accounts are in different ownership categories and the requirements are met. For more information, please visit www.fdic.gov/edie.