Transaction Account Guarantee Program

The Peoples State Bank is participating in the FDIC’s Transaction Account Guarantee Program.  Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.  If you have an interest-bearing checking account with The Peoples State Bank, the account will not qualify for coverage under the FDIC’s Transaction Account Guarantee Program.