about lee bank

deposit insurance

FDIC Insurance

Your deposits are insured by the FDIC up to $250,000 per depositor. The $250,000 limit is permanent for certain retirement accounts and is temporary for all other deposit accounts through December 31, 2013.

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

FDIC Transaction Account Guarantee Program

Lee Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through June 10, 2010, all noninterest-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.

Depositors Insurance Fund (DIF)

All deposits above the FDIC limit are insured in full by the Depositors Insurance Fund. The combination of FDIC and DIF insurance provides customers of Massachusetts-chartered savings banks with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.

For more information about deposit insurance coverage please visit the following websites. www.fdic.gov and www.difxs.com.