Wisconsin Banking Update
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FDIC Extends Deposit Insurance Limit
Posted on May 26th, 2009 No commentsThe temporary increase in bank deposit insurance to $250,000 has been extended for four years, the Federal Deposit Insurance Corp. announced in a letter to financial institutions on May 22. The standard maximum insured amount was increased to $250,000 last fall, but was set to return to $100,000 at the end of 2009. The temporary increase has now been extended through 2013. Read the Business Journal article.
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