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First National Bank of Cokato

First National Bank of Cokato

FDIC Coverage

On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, which in part permanently raised the basic limit on Federal Deposit Insurance Coverage from $100,000 to $250,000 per depositor. You may qualify for more than the basic insurance coverage at one insured bank, as the FDIC provides separate insurance coverage for deposits that are held in different depositor ownership entities.
 
If you have any questions or concerns about your FDIC deposit insurance coverage, please inquire of a bank employee for assistance in understanding how the coverage is applied to your account(s).