WELCOME
Welcome to New Market Bank!
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Trusted Relationships Lasting Generations
Many consumers want to do business with people who care about them and who they trust. More than just product offerings and excellence in customer service, they are looking for people who can understand their needs as well as provide solutions for those needs. At New Market Bank, we welcome the opportunity to provide service that is competent, trustworthy, and friendly. We have been doing just that for generations. We have your interests at heart and we are committed to providing solutions that are right for the needs in your life. Make us your first call when you have a financial need.
Transaction Account Guarantee Program
On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It doesnot include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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