FDIC Insurance Changes: January 1, 2013

This is a Notice of Expiration of the Temporary FDIC Insurance Coverage for NonInterest-Bearing Transaction Accounts.

This is a courtesy notice to remind you that the temporary FDIC Insurance coverage for noninterest-bearing transaction accounts will expire on December 31, 2012. Please read the official notice below:

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 insured 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 http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

Since 1928, your locally-owned Iowa State Bank has provided our customers with financial strength and stability. Iowa State Bank has in excess of $31 million in capital to give our customers extra assurance while demonstrating our continued emphasis on prudent financial management of the bank. Our capital accounts are strong and well above the levels required by regulators. Please refer to our September 30, 2012, Statement of Condition for additional information.

If you have questions, please contact your local Iowa State Bank office.

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