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First National Bank of Oxford is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest 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.

The definition of non-interest bearing transaction accounts includes both IOLTA accounts (regardless of interest rate) and NOW accounts if the interest paid on the account during the first six months of 2010 is 50 bps or less and the interest paid on the account from July 1, 2010 through December 31, 2010 is 25 bps or less. If the interest rate is above these rates at any time during these time periods, the NOW account is eligible only for the standard $250,000 in coverage under the FDIC's general deposit insurance rules.

More detailed information is available at the FDIC website.

FDIC Deposit Guarantees First National Bank of Oxford is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest 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. The definition of non-interest bearing transaction accounts includes both IOLTA accounts (regardless of interest rate) and NOW accounts if the interest paid on the account during the first six months of 2010 is 50 bps or less and the interest paid on the account from July 1, 2010 through December 31, 2010 is 25 bps or less. If the interest rate is above these rates at any time during these time periods, the NOW account is eligible only for the standard $250,000 in coverage under the FDIC's general deposit insurance rules. More detailed information is available at the FDIC website.
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, money-market deposit accounts, and Interest on Lawyers Trust Accounts (IOLTA's). For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.