News

Notice About FDIC Insurance Coverage

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts ("IOLTAs").

For more information about temporary FDIC insurance coverage of transaction accounts, visit ww.fdic.gov.

On July 21, 2010, the FDIC insurance coverage was permanently raised to $250,000 per depositor for each account ownership category.

 

For more information please go to www.fdic.gov/deposit/index.html

 

To reduce the risk of signature forging, we have discontinued the delivery of copies of paid checks.

To reduce the risk of signature forging, we have discontinued the delivery of copies of paid checks. Copies can be obtained through our electronic banking system.

 

BAC FLORIDA BANK WAS NOT PART OF THE BAC CREDOMATIC SALE

Customers and friends of BAC Florida Bank have inquired about the impact on BAC Florida Bank of General Electric Capital Corp.’s sale of BAC Credomatic GECF Inc. to Grupo Aval, Colombia’s largest banking group, on December 09, 2010. BAC Credomatic GECF Inc. is the entity that owns the Central American BAC Credomatic Group. Our Bank was never part of BAC Credomatic GECF Inc.’s holdings, and remains an independent entity, subject to regulation in the U.S. and controlled by original founders of the BAC Credomatic Network. The transaction announced by General Electric does not impact the ownership or control of our Bank.