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Notice to Customers
The standard insurance amount currently is $250,000 per depositor. The $250,000 limit is permanent for all IRAs and other certain retirement accounts. The $250,000 limit is temporary for all other deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.
Sewickley Savings Bank has chosen not to participate in the FDIC's Transaction Account Guarantee Program. Customers of Sewickley Savings Bank with noninterest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC's general deposit insurance rules.
