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Updated:
August 21, 2010
12:16pm PT

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FDIC COVERAGE
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FDIC
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Our customers enjoy the following increased insurance of accounts due to FDIC standard insurance coverage and Community Bank of San Joaquin's participation in the FDIC's Transaction Account Guarantee program.
 

Unlimited FDIC Insurance of Certain Accounts
On November 21, 2008, the FDIC expanded coverage provided by the Transaction Account Guarantee (TAG) program by redefining the terminology "non-interest bearing transaction account".

As a result, unlimited FDIC insurance is now provided on Community Bank of San Joaquin checking accounts with an interest rate of 0.25% or less regardless of balance or ownership. This applies to both personal and business accounts through December 31, 2010.

Interest on Lawyers Trust Accounts (IOLTAs) are now provided unlimited FDIC insurance through this program regardless of the interest rate earned.
 

Non-Interest Bearing Deposit Accounts
On October 14, 2008, FDIC insured institutions were invited to participate in the Transaction Account Guarantee (TAG) program. This program provides full insurance of all non-interest bearing transaction deposit accounts, regardless of account balance or ownership. Community Bank of San Joaquin is participating in this program for the benefit of both personal and business accountholders. This FDIC program has been extended through December 31, 2010.

Beginning December 31, 2010 through December 31, 2012, deposits held in noninterest-bearing transaction accounts will be fully insured, regardless of the amount in the account, at all FDIC-insured institutions.

Personal non-interest bearing accounts..........

unlimited FDIC insurance

Business non-interest bearing accounts.........

unlimited FDIC insurance

[FDIC's explanation of coverage changes as of July 2010]

    Interest Bearing Deposit Accounts
    On July 17, 2010, standard FDIC deposit insurance was permanently increased from $100,000 to $250,000 per depositor, per insured depository institution, for each account ownership category.

    Single interest bearing accounts..........

    insured up to $250,000

    Joint interest bearing accounts............

    insured up to $250,000 per co-owner

    IRA deposits...........................................

    insured up to $250,000 per plan depositor

    Interest bearing accounts registered in a Living Trust..........................................
    (including pay-on-death accounts, also called  PODs)


    insured up to $250,000 per owner per beneficiary (up to 5 beneficiaries) [details]
     

    Here is an example of available coverage up to $2.7 million:

    Account Owner

    Deposit Type

    Account Balance

    Sally Saver

    Individual Interest Savings

    $250,000

    Scott Saver

    Individual Certificate of Deposit

    $250,000

    Sally & Scott Saver

    Joint Interest Savings

    $500,000

    Sally & Scott Saver

    Joint Interest Checking*

    $400,000

    Sally & Scott Saver

    Joint Non-Interest Checking**

    $300,000

    Sally Saver Trustee for Scott Saver (POD)

    POD Certificate of Deposit

    $250,000

    Scott Saver Trustee for Sally Saver (POD)

    POD Interest Savings

    $250,000

    Sally Saver, IRA

    Retirement Savings

    $250,000

    Scott Saver, IRA

    Retirement Certificate of Deposit

    $250,000

    Total Deposits

     

    $2,700,000

    Amount Insured

     

    $2,700,000

    *Checking accounts with an interest rate of 0.25% or less and all non-interest bearing accounts held at Community Bank of San Joaquin currently enjoy unlimited FDIC insurance through December 31, 2010, resulting in even greater protection.                                                                                                                                [details]

    **Beginning December 31, 2010 through December 31, 2012, deposits held in noninterest-bearing transaction accounts will be fully insured, regardless of the amount in the account, at all FDIC-insured institutions. [more information]

    FDIC
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    Community Bank of San Joaquin is participating in the FDIC's Transaction Account Guarantee (TAG) program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.

    Noninterest-bearing checking accounts include Demand Deposit Accounts (DDAs) and any transaction account that has unlimited withdrawals and that cannot earn interest. Also included are low-interest NOW accounts (NOW accounts that cannot earn more than 0.25% interest) and any Attorney-Client Trust accounts, also known as Interest On Lawyers Trust Accounts (IOLTAs).

    Coverage under the TAG program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.


    Lost or stolen Visa® Check Card, call
    (209) 956-7000 Monday-Friday 9am-5pm or
    1-800-754-4128 after hours.

    For other important telephone numbers, click here.


    Community Bank of San Joaquin


    Main Office
    22 West Yokuts Avenue
    Stockton, CA 95207-5715 [
    map]
    209-956-7000
     


    Waterloo Office
    4426 East Waterloo Road
    Stockton, CA 95215-2306 [
    map]
    209-373-4300

    Services Available:
    Administration, Branch, Loans,
    Full-Service Drive-Up, ATM* and
    Night Depository*
     

    Services Available:
    Branch, Loans, ATM* and
    Night Depository*
     

    Office Hours:
    Monday-Thursday 9am-5pm
    Friday 9am-6pm
    Saturday 9am-1pm
    and By Appointment
     

    Office Hours:
    Monday-Thursday 9am-5pm
    Friday 9am-6pm
     

    *This service available 24 hours a day.

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