May 20 - Extension of Temporary Increase in Standard Maximum Deposit Insurance Amount 

Summary:

On May 20, 2009, President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) to $250,000 per depositor through December 31, 2013. This extension of the temporary $250,00 coverage limit became effective immediately upon the President's signature. The legislation provides that the SMDIA will return to $100,000 on January 1, 2014.

December 12:

Summary:

Columbia State Bank is participating in the FDIC's Transaction Guarantee Program.  Under that program all interest bearing and non-interest bearing checking accounts as well as IOLTA transaction accounts are fully guaranteed by the FDIC for the entire amount in the account through December 31, 2009.  Coverage under the Transaction Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

October 14 -Temporary Liquidity Guarantee Program for Non-Interest Bearing Accounts

Summary:

On October 14, 2008, the FDIC announced the Temporary Liquidity Guarantee Program to strengthen confidence and encourage liquidity in the banking system. The new program will (1) guarantee newly issued senior unsecured debt of eligible institutions, including FDIC-insured banks and thrifts, as well as certain holding companies, and (2) provide full deposit insurance coverage for non-interest bearing deposit transaction accounts in FDIC-insured institutions, regardless of the dollar amount.

October 3 -Temporary FDIC Insurance coverage amounts increased up to $250,000

Summary:

On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008, which temporarily raises the basic limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor. The temporary increase in deposit insurance coverage became effective immediately upon the President's signature. The legislation provides that the basic deposit insurance limit will return to $100,000 after December 31, 2009.