Archive for January, 2011

FDIC News

Posted in FDIC on January 19th, 2011 by Jill Taylor

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

County National Bank Provides Gift to the Hillsdale County Fair Renovation Fund

Posted in News on January 18th, 2011 by Jill Taylor

Wendy Broesamle, County National Bank’s Hillsdale Branch Officer, presented Scott Dow, Hillsdale County Fair Secretary-Manager with a check for $1000 for the Hillsdale County Fair Renovation Fund. The Hillsdale County Agricultural Society announced that the fairgrounds have been selected to benefit from a dollar-for-dollar matching gift up to $10,000 from two generous donors. Gifts to the endowed fund, established at the Hillsdale County Community Foundation, will provide income for the renovation and maintenance of the Hillsdale County Fair buildings and grounds for years to come. County National Bank is the only community bank headquartered in Hillsdale County and is proud to continue to support the Hillsdale County Fair as they bring the community “The Most Popular Fair on Earth”. CNB encourages others to support the Fair’s endeavor to meet their $20,000 goal. Please call the Hillsdale County Community Foundation at 517-439-5101 for more information.