Your funds on deposit at Greer State Bank are insured up to the $250,000 limit by the Federal Insurance Corporation. Your funds in retirement accounts at Greer State Bank are insured up to the $250,000 limit by the FDIC. Our Relationship Bankers will be glad to answer any questions you have concerning FDIC insurance or the structure of your accounts with us.

To calculate your current FDIC insurance coverage, click here.

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. Also included are IOLTA accounts regardless of the interest rate. 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 http://www.fdic.gov/.

SWEEP ACCOUNTS
Funds swept or automatically transferred to an account that earns interest will void the FDIC’s unlimited coverage with respect to the swept or transferred funds. The coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules will still apply to the swept or transferred funds.

Greer State Bank's Policy Prohibiting Unreasonable Expenditures