Transaction Account Guarantee Program

To give you, our valued customer, peace of mind that your money is safe and secure, Citizens Bank is pleased to announce our participation in the FDIC Transaction Account Guarantee (TAG) Program.

The TAG program guarantees full deposit coverage of non interest-bearing transaction accounts, regardless of the dollar amount and is in addition of the standard FDIC insurance that was temporarily increased to $250,000 per depositor. Both FDIC limits will be in effect through December 31, 2009.

At Citizens Bank we are fully committed to ensuring the safety of our customers' deposits, and providing you with the best banking services available.

Transaction Account Guarantee Program FAQs

• What is the Transaction Account Guarantee (TAG) Program?
• What are non-interest bearing deposit transaction accounts?
• How long will the additional FDIC coverage last?
• How does the Transaction Account Guarantee Program affect my insurance coverage on other types of accounts?

What is the Transaction Account Guarantee (TAG) Program?

On October 14, 2008, the FDIC announced its new Transaction Account Guarantee (TAG) Program as part of the Temporary Liquidity Guarantee Program.

The TAG program guarantees full depsoit insurance coverage of non-interest bearing deposit transaction accounts, regardless of the dollar amount. All FDIC-insured institutions (including Citizens) were automatically enrolled for a 30 day period. Citizens Bank is pleased to announce that we will contine our participation in this program.

What are non-interest bearing deposit transaction accounts?

Non-interest bearing deposit transaction accounts are any demand deposit accounts, such as personal checking, business checking accounts, that do not earn interest.

Accounts covered by the FDIC Transaction Account Guarantee Program at Citizens Bank include analyzed business checking, business checking, regular checking, orgainzation checking, free checking, club checking accounts, nonprofit checking.

How long will the additional FDIC coverage last?

The TAG program guarantees full deposit coverage of non interest-bearing transaction accounts, regardless of the dollar amount and is in addition to the standard FDIC insurance that was temporarily increased to $250,000 per depositor. Both FDIC limits will be in effect through December 31, 2009.

How does the TAG program affect my insurance coverage on the other types of accounts?

The FDIC coverage on non-interest bearing deposit transaction (checking) accounts is over and above the current FDIC coverage of $250,000 per depositor.

Example: If you have $50,000 in a non-interest bearing deposit transaction (checking) account and $250,000 in a certificate of deposit (CD) at Citizens Bank, the FDIC will insure the entire $300,000.