What is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. Government that protects depositors against the loss of insured deposits if an FDIC-insured or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
How much is insured by the FDIC?
The FDIC insures up to $250,000 per depositor, per insured bank or financial institution for each account ownership category.
For additional information on FDIC Insurance:
Visit the FDIC website.
Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE), an interactive application that can help you determine your deposit insurance coverage.
FDIC deposit insurance gives consumers confidence to keep their money at FDIC-insured banks, such as Lafayette State Bank, because insured deposits are backed by the full faith and credit of the United States government.
If you have questions about your coverage or would like to learn more about depositor insurance and how it works, we encourage you to call us directly at (386) 294-1901.