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FDIC Deposit Insurance Coverage.
What it is and what FDIC insurance covers.

Blackhawk Bank & Trust is a member of the Federal Deposit Insurance Corporation (FDIC).

The Federal Deposit Insurance Corporation (FDIC) was established in 1933. Since that time, no depositor has ever lost a single penny of FDIC-insured funds. The FDIC is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for more coverage if they have funds in different ownership categories and all FDIC requirements are met.

The following points show standard insurance amounts for FDIC account ownership categories. All deposits that an accountholder has in the same ownership category at the same bank are added together and insured up to the standard insurance amount.

Single Accounts owned by one person. $250,000 per owner.
Joint Accounts owned by two or more persons. $250,000 per co-owner.
Certain Retirement Accounts includes IRAs. $250,000 per owner.
Revocable Trust Accounts $250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements).
Corporation, Partnership and Unincorporated Association Accounts 250,000 per corporation, partnership or unincorporated association.
Irrevocable Trust Accounts $250,000 for the non-contingent, ascertainable interest of each plan beneficiary.
Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each plan participant.
Government Accounts $250,000 per official custodian.

To calculate your deposit insurance coverage: Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.
For questions about FDIC coverage limits and requirements: Visit www.FDIC.gov/deposit/deposits or contact a Customer Service Representative at any of our branch locations.

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts.
Click here for a complete description of the notice of changes in temporary FDIC Insurance Coverage for Transaction Accounts.

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