Temporary Liquidity Guarantee Program

ValueBank Texas is participating in the FDIC’s Transaction Account Guarantee Program.

Under that program, through June 30, 2010, 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.

The NOW Value accounts, which are interest bearing transaction accounts, are not included in this additional coverage. These are covered under the FDIC's general deposit rules.