550 17th Street NW
Washington, DC 20429-9990
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-bearing Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to thestandard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
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 also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
You can now reorder your checks online! Just click on the links below to order your personal checks or business checks.
Important Information Regarding the Heartbleed Bug!
You may have heard of the high risk internet vulnerability Heartbleed.
Heartbleed is a flaw in the programming on secure websites that could put your personal information at risk, including passwords, credit or debit card information and e-mails. The Heartbleed Bug is a defect in encryption technology – called Open SSL – used by most Web servers to secure users’ personal or financial information. It is behind many “https” sites that collect personal or financial information. Basically, it provides a secure connection when you are conducting a transaction or sending an e-mail online. Experts discovered the bug recently and warned that cybercriminals could exploit it to access visitors’ personal data or to impersonate a website and collect even more information.
Am I affected?
Most active users of the Internet have likely been exposed, since a majority of websites – including Facebook, retail and even government sites – use the Open SSL software. But it is unknown whether any criminals have actually exploited the bug, and several major sites, like Amazon, have already installed patches. Most sites with an address beginning with “https” are vulnerable until the website operator fixes the bug and users change their passwords.
Is my bank account safe?
Hoosier Heartland State Bank has researched the potential risk to our customers. We wanted to share with you that our website, online banking, and ePayment are safe from this vulnerability.
What can I do?
As always, it is a good idea to update your bank password frequently. Also, monitor your account regularly and report suspicious transactions to the bank immediately. Beware of phishing scams – or e-mails with malicious links – that will attempt to get additional sensitive information from you.
Remember, Hoosier Heartland State Bank will never ask you for any confidential information through e-mails or text messages.
If you have any questions, don’t hesitate to give us a call at 765-942-0125.