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IMPORTANT FDIC NEWS

The Federal Deposit Insurance Corporation (FDIC) has increased deposit insurance on all accounts to $250,000 per depositor through December 31, 2013. IRA deposits are covered to $250,000.00 per depositor and will continue to be covered after December 31, 2013.

Additionally, ParkeBank is participating in the FDIC’s Transaction Account Guarantee program. This program ensures that all Non-interest bearing transaction accounts earning an interest rate of 0.50% or less has unlimited coverage through June 30, 2010.

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