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To The Depositors of TransCapital Bank:
On October 14, 2008, the FDIC announced the Temporary Liquidity Guarantee Program (TLPG Program) to strengthen confidence and encourage liquidity in the banking system. One of the components of the TLPG Program is the Transaction Account Guarantee Program (TAG Program). Membership in the TAG Program provides an unlimited guarantee of funds maintained in non-interest-bearing transaction accounts, NOW accounts whose interest rate does not exceed 50 basis points and certain types of interest paying attorney trust accounts including IOLTAs, IOLAs and IOTAs.
Effective with the FDIC announcement and in accordance with its directives, TransCapital Bank is pleased to announce that it has taken the necessary action to provide full, 100% deposit insurance coverage on balances maintained in the noted accounts.
To Attorney/Trust Account Depositors of TransCapital Bank:
On October 14, 2008, the FDIC announced the Temporary Liquidity Guarantee Program (TLPG Program) to strengthen confidence and encourage liquidity in the banking system. One of the components of the TLPG Program is the Transaction Account Guarantee Program (TAG Program). Membership in the TAG Program provides an unlimited guarantee of funds maintained in certain types of interest paying attorney trust accounts including IOLTAs, IOLAs and IOTAs.
Effective with the FDIC announcement and in accordance with its directives, TransCapital Bank is pleased to announce that it has taken the necessary action to provide full, 100% deposit insurance coverage on balances maintained in the noted accounts.
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