 Celebrating Security And Growth For Over 70 Years
In 2009,
Atlantic Coast Bank marked its 70th anniversary of keeping
your money safe and helping you reach your financial goals.
Although the past few years have been filled with up and
downs in the financial industry, Atlantic Coast is proud to
standby a tradition of sound management and putting the customers' security first.
In partnership with the FDIC,
Atlantic Coast Bank is participating in several programs that
give you additional protection for your deposits. For
instance, the Transaction Account Guarantee Program guarantees the full amount in your non-interest-bearing transaction
account through
December 31st, 2010. This is in addition to
the FDIC's general deposit insurance rules which insures money
held in deposit accounts for up to $250,000.
Notice to Customers with Transfer or Sweep
Arrangements:
Under the Transaction Account Guarantee Program, your
transfer or sweep arrangement from a non-interest bearing
transaction account to an interest-bearing transaction account
is not eligible for the FDIC's full guarantee under this
program. Instead, funds in the interest-bearing account will
continue to be insured under the FDIC's general deposit
insurance rules.
For more information on this program and FDIC coverage, click here. |
