FDIC Coverage

Basic FDIC Insurance Coverage Permanently Increased to $250,000 Per Depositor

Bank of the Orient remains strong in turbulent times, thanks to almost 40 years of conservative independent management.

We know that being protected by Federal Deposit Insurance Corporation (FDIC) is an important benefit for Bank of the Orient customers.

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.

If you have questions about specific FDIC coverage limits and requirements, please visit https://www.fdic.gov/deposit/^†, call toll free 1.877.ASK.FDIC (1.877.275.3342), or drop by your local Bank of the Orient branch.

^†When you click this link, you will be leaving www.bankorient.com website. Bank of the Orient is not responsible for the quality, security, delivery or timeliness of goods or services of outside websites.

Basic FDIC Deposit Insurance Coverage Limits*

Single Accounts
(owned by one person)
$250,000 per owner

Joint Accounts
(two or more persons)
$250,000 per co-owner

IRAs and certain other retirement accounts
$250,000 per owner

Trust Accounts
$250,000 per owner
per beneficiary subject to specific limitations and requirements

* Coverage limits refer to the total of all deposits that an account holder(s) has at each FDIC – insured bank. The above listing shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.