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December 31, 2009 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 On May 20, 2009 President Barak Obama signed legislation extending the FDIC deposit insurance coverage of $250,000 per depositor through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except for IRAs and other certain retirement accounts which will remain at $250,000 per depositor. The extension announced May 20, 2009 does not apply to the Transaction Account Guarantee Program. Under the Transaction Account Guarantee Program, unlimited FDIC insurance coverage currently exists for all personal and business checking deposits that do not earn interest at participation institutions. This unlimited insurance coverage is temporary and will remain in effect only through June 30, 2010. For more information, please visit www.myFDICinsurance.gov. Click Here for Financial Information, Bank Officers and Bank Directors |
