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Welcome to The First National Bank of Throckmorton home page. We are pleased you connected to our web site to review our services and products. Since being established in the year 1901, The First National Bank of Throckmorton has been committed to providing high quality service for our customers. We have a long history of expressing a genuine personal interest in each one of our customers and our community. We strive to provide you with the best banking experience possible and encourage you to utilize the banking services offered either in person, by telephone, or by computer via Internet. This is your bank and we are here to serve you, so please feel free to contact us at any time that we can be of assistance. Sincerely, Bryan R. Key Deposit Insurance Transaction Account Guarantee Program The
First National Bank of Throckmorton 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 in the account. Coverage applies to all personal and
business checking deposit accounts that do not earn interest, low-interest NOW
accounts (NOW accounts that cannot earn more than 0.25% interest), and IOLTA
accounts. 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.
The First National Bank of Throckmorton insures
deposits through the FDIC (Federal Deposit Insurance Corporation), which is an
independent agency of the United States government.
The FDIC protects you against the loss of your deposits if an
FDIC-insured bank or savings institution fails.
FDIC insurance is backed by the full faith and credit of the United
States government. Since the
FDIC’s creation in 1933, no depositor has ever lost even one penny of
FDIC-insured funds. The Dodd-Frank
Wall
Street Reform and Consumer Protection Act signed by President Barack Obama
on July 21, 2010, made permanent the current standard maximum deposit insurance
amount (SMDIA) of $250,000. The FDIC
coverage limit applies per depositor, per insured depository institution, for
each account ownership category.
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