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June 30, 2010 Capital Ratios Given the challenging economic environment First Eagle Bank continues to maintain capital ratios that are substantially greater than the regulatory requirement to be considered a “well capitalized” bank (the highest possible rating).
FDIC Update The maximum level of insurable deposits has been increased from $100,000 to $250,000 of deposits. Deposits at FDIC-Insured institutions are insured up to at least $250,000 per depositor until December 31, 2013. On January 1, 2014, FDIC deposit insurance for all deposit accounts - except for certain retirement accounts - will return to at least $100,000 per depositor. First Eagle Bank is participating in the FDIC's Transaction Account Guarantee 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. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. For more information, please visit www.myFDICinsurance.gov. Click Here for Financial Information, Bank Officers and Bank Directors |
