Deposit Insurance Information

Your deposits are secure at The Seymour Bank

We are proud to say that we have received the highest rating possible for safety and soundness a five-star rating the 19th year in a row!

Please contact us about any concerns you may have based on the latest news and the safety and soundness of The Seymour Bank. Community banks,like The Seymour Bank, and commercial banks are very different from the investment banks of Wall Street making the recent headlines. You can call us at (417) 935-2293 or (417) 753-5224 we will be happy to help you with any questions and offer you information about your FDIC insured deposits.

The present state of the economy and that of the banking industry are making headlines. We know that customers have an increased awareness, and concern, of what is happening in the banking industry. Both the American Bankers Association (ABA) and the FDIC have made strong statements about the banking industry, reassuring depositors and providing some useful information. In addition, by using the FDIC's online estimator, EDIE , you can quickly check the insurance on your bank deposits with your last statement or current balance.

FDIC Deposit Insurance Coverage

What is the FDIC?

The United States Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,494 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars insured financial institutions fund its operations.

To protect insured depositors, the FDIC responds immediately when a bank or thrift institution fails. Institutions generally are closed by their chartering authority - the state regulator, the Office of the Comptroller of the Currency, or the Office of Thrift Supervision. The FDIC has several options for resolving institution failures, but the one most common options used is to sell deposits and loans of the failed institution to another institution. Customers of the failed institution automatically become customers of the assuming institution. Usually, the transition is seamless from the customer's point of view.

New Deposit Insurance Limits

The Seymour Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

Basic FDIC Deposit Insurance Coverage Limits*

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic for customers of FDIC-insured banks.

In order to guarantee that funds are fully protected, depositors should understand their coverage limits. The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits listed below refer to the total of all deposits that an accountholder has in the same ownership categories at each FDIC-insured bank. The list shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

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

Corporation, Partnership and Unincorporated Association Accounts - $250,000 per corporation, partnership or unincorporated association

Employee Benefit Plan Accounts - $250,000 for the non-contingent, ascertainable interest of each participant

Government Accounts - $250,000 per official custodian

Non-interest Bearing Transaction Accounts - Unlimited coverage - only at participating FDIC-insured banks and savings associations **

* On January 1, 2010, the standard coverage limit will return to $100,000 for all deposit categories except IRAs and Certain Retirement Accounts, which will continue to be insured up to $250,000 per owner.

** Unlimited deposit insurance coverage is available through December 31, 2009, for non-interest bearing transaction accounts at institutions participating in FDIC's Temporary Liquidity Guarantee Program

Further Questions:

Ask a representative at The Seymour Bank

Visit www.myFDICinsurance.gov

Call toll-free 1-877-ASK-FDIC