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FDIC Transaction Account Guarantee Program Mercantile Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under this program, through December 31st, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Noninterest-bearing checking accounts include Demand Deposit Accounts (DDAs) and any transaction account that has unlimited withdrawals and that cannot earn interest. Also included are Interest on Lawyers Trust Accounts (IOLTAs), regardless of the interest rate; and Negotiable Order of Withdrawal (NOW) accounts that do not earn more than 0.25% interest from July 1, 2010 through December 31, 2010. 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. To learn more about maximizing your insured deposits, call, stop by, or visit our online Financial Resource Center.
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Founded in 1906, Mercantile Bank has operated continuously and grown substantially for over 100 years. Today, and for many foreseeable tomorrows, Mercantile intends to continue the tradition established a century ago: serving and supporting the financial needs of individuals, families, businesses and organizations in and around the communities it serves. Mercantile Bank is proud to be a part of Mercantile Bancorp, Inc. This community-bank holding company operates majority-owned subsidiaries in Illinois, Kansas, and Florida; and manages assets in excess of $1 billion with over 200 employees.
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© 1997-2010 Mercantile Bank
