Oklahoma State Bank does maintain FDIC insurance on deposit accounts. If you would like more information on deposit insurance coverage and the level of protection that the insurance affords, please visit www.fdic.gov.
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositors accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum $250,000.00 insurance ownership category.
For more information about temporary FDIC insurance coverage of noninterest-bearing transaction accounts, visit www.fdic.gov