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Susquehanna Bank & FDIC Insurance

Susquehanna Bank is FDIC-insured

Susquehanna Bank is a member of the Federal Deposit Insurance Corp. (FDIC), an independent agency of the United States government that protects the funds depositors place in FDIC-insured institutions. FDIC deposit insurance is backed by the full faith and credit of the U.S. government. The FDIC emphasizes that since it was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.

Your deposits at Susquehanna Bank are insured up to the following FDIC coverage limits, which will be in effect through December 31, 2013*:

Account Type	FDIC Limit
Single Accounts (owned by one person)	$250,000 per owner
Joint Accounts (two or more persons)	$250,000 per co-owner
IRAs and certain other retirement accounts	$250,000 per owner
Revocable Trust Accounts	$250,000 per owner per beneficiary up to 5 beneficiaries (more coverage is available with 6 or more beneficiaries subject to specific limitations and requirements)
Corporation, Partnership and Unincorporated Association Accounts	$250,000 per corporation, partnership or unincorporated association
Irrevocable Trust Accounts	$250,000 for the non-contingent, ascertainable interest of each beneficiary
Employee Benefit Plan Accounts	$250,000 for the non-contingent, ascertainable interest of each participant
Government Accounts	$250,000 per official custodian

* Coverage limits shown refer to the total of all deposits that an accountholder has in the same ownership category. On Jan. 1, 2014, the standard coverage limit will return to $100,000 for all deposit categories except IRAs and certain retirement accounts, which will continue to be insured up to $250,000 per owner.

Transaction Account Guarantee Program

Susquehanna Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 30, 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 Transaction Account Guarantee Program also covers Negotiable Order of Withdrawal (NOW) accounts that pay an interest rate of .50% or less, (under this program, these are noninterest-bearing transaction accounts), and Interest on Lawyers Trust Accounts (IOLTAs).

Transaction Account Guarantee Program & Sweep Arrangements

If you have a sweep arrangement that transfers funds from a noninterest-bearing transaction account into an interest-earning account, please remember that the interest-earning account is not eligible for the FDIC’s full guarantee under the Transaction Account Guarantee Program. Instead, funds in the interest-earning account will continue to be insured under the FDIC’s basic coverage limit of $250,000 per owner. The balances in these accounts are deposits and in the event of a bank failure, the amount of deposit insurance coverage available for accounts under this form of sweep will be determined by the account in which the funds are held at the end of the business day.

For More Information

If you have questions about FDIC coverage, please contact your local branch or call our Customer Service Center at 800.311.3182. The FDIC offers an online tool to calculate the insurance coverage on your accounts at www.myFDICinsurance.gov, and you can also contact the FDIC at 1.877.ASK.FDIC.

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