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WARNING: You are about to access a private computer network that is to be used only by authorized personnel and customers of Audubon State Bank, Audubon, Iowa. Unauthorized use of this network is not permitted, may be monitored, and will constitute a crime punishable by law. (18USC 1030).
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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING 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 earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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