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Foundation Bank

 

Foundation Bank takes a traditional approach to customer service and satisfaction - our customers always come first. Our personnel pride themselves on providing quality service in a prompt and professional manner. And now, with five Foundation Bank branches to serve you, we can offer very competitive rates for the modern market.   

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NON-INTEREST BEARING TRANSACTION ACCOUNTS

By operation of federal law and unless there is a change, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum insurance amount ($250, 000), for each deposit insurance ownership category.

More information is available in FIL-45-2012 dated
Nov., 5,2012 http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

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