At Kahoka State Bank, we understand that you’ve got a lot on your plate. That’s why everything we do is designed to make your life—and your banking experience—better. You’ll notice the Kahoka State Bank difference every time you bank with us: comfortable banking centers, shorter lines, convenient drive-thru access and employees know your name and are passionate about providing unmatched personal service.
FDIC Updates
Notice of Expiration of the Temporary Full FDIC Insurance Coverage
for noninterest-bearing transaction accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insurance depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000) for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit www.fdic.gov/deposit/deposits/unlimited/expiration.html.
