Promotion 1

At Citizens State Bank Midwest your money is safe!

We all want the security of knowing our deposits are fully insured. On October 3, 2008 FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009; on May 20, 2009 President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount to $250,000 per depositor through December 31, 2013.This extension of the temporary $250,000 coverage limit became effective immediately upon the President's signature. For depositors needing more coverage, separate ownership of accounts provides a convenient answer. Read more...

Citizens State Bank Midwest is participating in the FDIC's Transaction Account Guarantee Program. Under the program, through December 31, 2010, all non interest-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. R ead more...

FDIC Deposit Insurance Coverage

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC insured funds.

FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CD’s). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.

To ensure funds are fully protected, depositors should understand their deposit insurance coverage limits. The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Basic FDIC Deposit Insurance Coverage Limits*

Single Accounts (owned by one person)	$250,000 per owner**
Joint Accounts (two or more persons)	$250,000 per co-owner**
IRAs and certain other retirement accounts	$250,000 per owner
Trust Account	$250,000 per owner per beneficiary subject to specific limitations and requirements**

*These deposit insurance coverage limits refer to the total of all deposits

that an accountholder (or accountholders) has at each FDIC insured bank.

**The legislation authorizing the increase in deposit insurance coverage

limits makes the change effective through December 31,

2013.

If you have questions about FDIC coverage limits and requirements, please visit

www.myFDICinsurance.gov, call toll-free 1-877-ASK-FDIC (1-877-275-3342), or ask

a representative at your bank.

FDIC’s Transaction Account Guarantee Program

Citizens State Bank-Midwest is participating in the FDIC’s Transaction Account Guarantee Program. Under the program, through December 31, 2010, all non interest-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.

The FDIC will maintain and post on its website a list of eligible entities that opt out of the transaction account guarantee program.

Beginning December 19, 2008, every insured depository institution that offers non interest-bearing transaction accounts must post a prominent notice in the lobby of its main office and each branch, and, if it offers Internet services, on its website, clearly indicating whether or not the institution is participating in the transaction account guarantee program. If the institution is participating in the transaction account guarantee program, the notice must also state that funds held in non interest-bearing transactions accounts at the entity are insured in full by the FDIC. These disclosures must be provided in simple, readily understandable text. Until December 19, 2009, the institution should provide in a commercially reasonable manner adequate disclosures of the substance of these required disclosures.

If you have questions about FDIC coverage limits and requirements, please visit

www.FDIC.gov, call toll-free 1-877-ASK-FDIC (1-877-275-3342), or ask

a representative at your bank.