Deposits at South Louisiana Bank are now FDIC insured up to at least $250,000 per depositor! Please contact a customer service representative to find out how you can maximize your deposit insurance coverage.
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 does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money market deposit accounts. This unlimited coverage does, however, apply to Interest on Lawyers Trust Accounts ("IOLTAs") which may or may not be interest bearing. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.