News & Announcements

October 8, 2009

Important Disclosures Regarding the Guarantee Program

The standard insurance amount of $250,000 is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

Macatawa Bank is participating in the Transaction Account Guarantee Program. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

Funds held in non-interest-bearing transaction accounts are insured in full by the FDIC. This is in effect through June 30, 2010. Funds held in NOW accounts, which are interest-bearing transaction accounts earning 0.50% or less, and Interest on Lawyer’s Trust Account (IOLTA) / Interest on Trust Account (IOTA) accounts are also insured in full by the FDIC through June 30, 2010.

For additional information regarding FDIC Insurance Coverage please visit http://www.fdic.gov/edie/