Dean Bank

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Personal Banking

All Deposits Insured in Full

At Dean Bank every deposit is insured in full. The FDIC insures each depositor for at least $250,000. The Share Insurance Fund (SIF) of The Co-operative Central Bank insures all deposits in excess of this amount.

Note: Dean Bank has been a participant in the FDIC's Transaction Account Guarantee Program. Under that program, from December 31, 2010, through December 31, 2012, all noninterest-bearing transaction accounts were fully guaranteed by the FDIC for the entire amount in the account. By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. All Dean Bank deposits above the FDIC limits are insured in full by the Share Insurance Fund (SIF). Accordingly, all noninterest-bearing transaction account deposits that are no longer insured by the FDIC will be insured in full by the SIF effective January 1, 2013.