FinCEN Fraudulent Correspondence and Phone Call alert. For more information please see the official alert by clicking here.
FDIC Increased Insurance Coverage
The standard insurance amount has been permanently increased to $250,000 per depositor.
You can calculate your insurance coverage using the FDIC's Electronic Deposit Insurance Estimator at www.myFDICinsurance.gov. For questions about FDIC coverage, call toll-free 1-877-ASK-FDIC or ask a member of the Grand River Bank team.
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account, including an Interest on lawyer Trust Account (IOLTA) no longer will receive unlimited deposit insurance coverage by the FederalDeposit Insurance Corporation (FDIC). Beginning January 1st, 2013, all of a depositor`s account at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000) for each deposit insurance ownership category.