NEWS & EVENTS

Welcome to Southern States Bank's News portion of our website. Here you can stay up-to-date with all of the bank happenings and important announcements.

November 26, 2012

Notice of Expiration of Temporary FDIC Coverage

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 noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will […]

>>Click to read

September 4, 2012

FDIC’s Electronic Deposit Insurance Estimator (EDIE)

EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor’s specific group of deposit accounts—what’s insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows […]

>>Click to read

September 4, 2012

Notice of Changes in Temporary FDIC Insurance Coverage For Transaction Accounts

In Accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from December 31, 2010 through December 31, 2012, all funds in “noninterest-bearing transaction accounts” are insured in full by the Federal Deposit Insurance Corporation.  This unlimited coverage is […]

>>Click to read