Your FDIC Insurance

Everyone worries about the safety of their money – it’s only natural.  First Bethany Bank has long been recognized as one of the safest institutions in the state of Oklahoma.  We’re proud of that and we work hard every day to keep it that way.

But we also realize that sometimes you need more information in order to be comfortable with your banking choices.  The links below can provide you with helpful information about how the FDIC protects you at First Bethany.

Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

All funds held in IOLTA accounts, together with all other non-interest bearing transaction account deposits, are fully insured, without limit, from December 31, 2010 through December 31, 2012.  This coverage is separate from, and in addition to, the coverage provided to depositors for other accounts at an insured depository institution.

For more information about temporary FDIC Insurance Coverage of transaction accounts, visit

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 depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000.00), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit