Transaction Account Guarantee Disclosure

Seattle Bank is participating in the FDIC's Transaction Account Guarantee Program.

Under that program, through June 30, 2010, all noninterest-bearing transaction accounts, IOLTAs, and interest bearing transaction accounts earning 0.50 percent or less 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.

The Transaction Account Guarantee Program is a sub-part of the FDIC's Temporary Liquidity Guarantee Program. For complete details, see the FDIC's web site.

What does this mean to you?

It means that our customers that are in our 50+ Checking, Interest Checking, and all noninterest bearing checking accounts are fully insured for the entire amount of their account under the program. In addition, the Program covers accounts commonly known as Interest on Lawyers Trust Accounts (IOLTAs) and functionally equivalent accounts; and Negotiable Order of Withdrawal accounts (NOW accounts) with interest rates no higher than 0.50 percent.

How does Seattle Bank's participation in this program benefit me?

This added coverage is especially valuable to our small businesses that have payroll and other operating accounts guaranteeing that they remain fully insured within their transactional account. To our customers with personal accounts, this additional coverage allows all funds maintained in the covered accounts to be fully insured under the program.

Does this take place of my FDIC Insurance?

The FDIC's Transaction Account Guarantee Program is in addition to, and separate from, the coverage available under the FDIC's general deposit insurance rules. The Transaction Account Guarantee Program will remain in effect until June 30, 2010.

Please contact us at 1-888-500-BANK (2265) for more information regarding this program and its benefits to you.