News
On Oct. 3, 2008, President Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor.
FDIC Insurance Coverage Change
- The Bank of Bridger Basic FDIC Deposit Insurance Coverage Limits*
- 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
- Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements**
* These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met. ** The legislation authorizing the increase in deposit insurance coverage limits makes the change effective October 3, 2008, through December 31, 2013.