Federal Deposit Insurance Coverage

Community Bank of Broward is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. 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 Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000, for all personal account deposits at FDIC insured institutions.

The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category. Community Bank of Broward is FDIC insured.