The Transaction Account Guarantee (TAG), the temporary program allowing participating banks with noninterest-bearing transaction accounts to have unlimited coverage by the FDIC, is scheduled to expire on December 31st.  This only affects transaction accounts that pay no interest and have more than $250,000 in them. 

• This affects all banks.  The banking industry supported a two-year extension, but Congress did not act to extend it.
• Deposit insurance did increase from $100,000 to $250,000, and that is a permanent change.  Coverage above $250,000 was always intended to be temporary.  It was created to give business customers in particular added assurance that their money was safe during the financial crisis. 
• First National Bank is strong and your money is safe.  We have high levels of capital protecting your deposits.
• Talk to us about the options we can provide to help you manage your money and provide the safekeeping you expect.