FOR FURTHER INFORMATION CONTACT:
Vito S. Pantilione, President and CEO
Steve Meddick, Executive Vice President, CFO
PARKEBANK HAS ELECTED TO PARTICIPATE IN UNLIMITED FDIC DEPOSIT INSURANCE FOR NON-INTEREST-BEARING TRANSACTION ACCOUNTS.
ParkeBank is participating in the FDIC’s Transaction Account Guarantee Program.
Under that program, through December 31, 2009, all non-interest-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.