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Physicians National Bank
Eagle National Bank
FDIC Insurance Coverage
FDIC Insurance Coverage

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the US government that protects against the loss of insured deposits if an FDIC-insured bank fails. FDIC deposit insurance is backed by the full faith and credit of the US government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers funds in deposit accounts, including non-interest bearing checking accounts, savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds or municipal securities.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.

To ensure funds are fully protected, depositors should understand their coverage limits. The FDIC provides separate coverage for deposits held in different account ownership categories. The coverage limits shown in the chart below refer to the total of all deposits that an accountholder has in the same ownership categories at each FDIC-insured bank. The chart shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

The FDIC has provided consumers with an excellent tool on their website to estimate insurance coverage on the different types of accounts. "EDIE" the Estimator will help to give you accurate deposit insurance calculations on your personal, business and government accounts and create a personalized report that you may print. When you click on the following link, you will be directed out of the Eagle National Bank website into the FDIC government website.
Go To "EDIE" the Estimator

FDIC Deposit Insurance Coverage Beginning January 1, 2013 all of a depositor’s accounts at Eagle National Bank and any insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

FDIC Deposit Insurance Coverage By Account Ownership Category
Single Accounts
(owned by owned person)
$250,000 per owner
Joint Accounts
(two or more persons)
$250,000 per co-owner
IRA's and certain other retirement accounts $250,000 per owner
Revocable Trust Accounts $250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements).
Corporation, partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association
Irrevocable Trust Accounts $250,000 for the non-contingent, ascertainable interest of each participant
Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant
Government Accounts $250,000 per official custodian

If you have questions about FDIC coverage limits and requirements, visit, call toll-free 1-877-ASK-FDIC or ask an Eagle branch representative.