Centennial Bank Acquisition Featured in the Orlando Sentinel

Blog > Bank News > Centennial Bank Acquisition Featured in the Orlando Sentinel

Today, Richard Burnett of the Orlando Sentinel put together an article describing Centennial Bank's plans for growth after acquiring Old Southern Bank in Orlando, Florida.

Click the link below to read the story:

Opportunity in failure: Centennial intends to build on Old Southern's foundation

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This entry was posted on Thursday, March 18th, 2010 at 3:38 pm and is filed under Bank News, The Latest. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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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. 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.

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