FDIC Deposit Insurance Coverage
Meramec Valley Bank deposits are FDIC-insured. All deposits are now insured up to at least $250,000 per depositor through December, 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. To estimate your deposit insurance coverage, click here.
Transaction Account Guarantee Program
Meramec Valley Bank is participating in the FDIC's Transaction Account Guarantee Program (TAG). 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 TAG Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
Unlawful Internet Gambling Enforcement Act of 2006
Restricted transactions are prohibited from being processed through your account with Meramec Valley Bank. A restricted transaction is any transaction connected with participation in unlawful Internet gambling.
