Message from
        John A. Freyek, President

GOOD NEWS FOR DEPOSITORS

The legislation authorizing the increase in deposit insurance coverage limits to $250,000 has been extended through DECEMBER  31,  2013 !

These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing below shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

Unfortunately, there seems to be a general misunderstanding concerning the deposit insurance coverage provided by the FDIC.   Coverage is NOT  PER ACCOUNT  but PER  DEPOSITOR!  Here is the latest information from the FDIC website:

 The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.

To ensure funds are fully protected, depositors should understand their deposit insurance coverage limits. The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Basic FDIC Deposit Insurance Coverage Limits^*

** Effective coverage through December 31, 2013

If you have questions about FDIC coverage limits and requirements, please visit www.myFDICinsurance.gov, call toll-free 1-877-ASK-FDIC, or ask our staff at First Federal .