FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. The Lake Bank is also participating in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. 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. Investment Checking accounts earn a rate higher than allowed under this program, therefore, are not guaranteed above normal FDIC insurance limits.
THE LAKE BANK Main Office 613 First
Avenue
Two Harbors, Minnesota 55616
Phone:
(218) 834-2111
Fax: (218) 834-4753