FDIC.
Cross River Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your deposits if an FDIC-insured bank or savings association fails.

WHAT IS INSURED BY THE FDIC?

All types of deposits held by Cross River Bank are covered by FDIC insurance including:

Checking Accounts NOW Accounts Savings Accounts Money Market Savings Accounts Certificates of Deposit

Outstanding Cashier's Checks, Money Orders, Loan Disbursement Checks, Interest Checks and Drafts issued by Cross River Bank

WHAT AMOUNT OF INSURANCE COVERAGE DO I HAVE FOR MY ACCOUNTS?
(As of July 21, 2010)

Basic Insurance:

(1)  Basic FDIC insurance is $250,000 per depositor, per insured financial institution.

(2)  Cross River Bank is participating in the FDIC Transaction Account Guarantee Program (TAGP), a program that temporarily provides an additional and separate 100% guarantee of unlimited FDIC insurance coverage on deposits held in traditional, noninterest-bearing consumer and business deposit checking accounts. IOLTA/IOLA accounts and NOW accounts with interest rates of 0.25% or less. (Interest-bearing Money Market Accounts and NOW accounts with interest rates more than 0.25% are not included.) This will be effective through 12/31/2010.

Coverage Over Basic Insurance:

The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. In addition to the separate, unlimited insurance coverage on noninterest - bearing consumer and business checking accounts, it is possible to qualify for more than the current $250,000 in coverage at one insured bank if you own deposit accounts in different ownership categories. The ownership categories are (1) single; (2) joint; (3) revocable trust (informal revocable trusts such as "Payable-on-death" accounts and formal revocable trusts such as living/family trusts created for estate planning purposes); (4) irrevocable trusts; (5) certain retirement plans; (6) employee benefit plans; (7) business (corporation, partnership, unincorporated associations); and (8) government.

If you still have questions, please contact the FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 am until 8:00 pm (Eastern Time) or contact them online at www.fdic.gov.

The information and content provided here about FDIC insurance is for informational purposes only and is provided as a convenience to you. Cross River Bank makes no warranties or representations as to its accuracy and bears no liability for your use of this information. Cross River Bank does not endorse and is not responsible for the content, links, privacy policy, or security policy of any non-Bank website link included here. The information being made available to you here is not intended, and should not be construed as legal, tax, or investment advice, or a legal opinion. You should contact your legal, tax and/or financial advisors to help answer questions about your specific situation or needs prior to taking any action based upon this information.