****FDIC deposit insurance permanently increased to $250,000 per depositor****
City National Bank Opts Out of Participation in the Transaction Account Guarantee Program.
Beginning July 1, 2010, CITY NATIONAL BANK will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after June 30, 2010, funds held in non-interest bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.
