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The Dodd-Frank Wall
Street Reform and Consumer Protection Act signed by President Barack Obama
on July 21, 2010, made permanent the current standard maximum deposit
insurance amount (SMDIA) of $250,000.
NOTICE:
Regarding FDIC's
Transaction
Account Guarantee Program
Beginning July 1, 2010, Horizon Bank will no
longer participate in the FDIC's Transaction Account Guarantee Program.
Thus, after June 30, 2010, funds held in noninterest-bearing transaction
accounts will no longer be guaranteed in full under the Transaction
Guarantee Program, but will be insured up to $250,000 under the FDIC's
general deposit insurance rules.
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