High Desert State Bank has chosen NOT to participate in the FDIC’s Transaction Account Guarantee Program.  Our customers with non-interest bearing transaction accounts will continue to be insured through December, 31, 2013 for up to $250,000 under the FDIC’s general deposit insurance rules.

On May 20, 2009, the temporary increase of the FDIC insurance was extended. FDIC deposit insurance is temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. The legislation provides that the standard maximum deposit insurance amount (SMDIA) will return to $100,000 on January 1, 2014.