Cleveland PR NewswirePress releases from Ohio companies
| Huntington Bank Participates in FDIC Renewal of Unlimited Insurance Protection Program
Huntington Bank provides unlimited insurance coverage on certain business
accounts through FDIC's optional Transaction Account Guarantee Program
(TAGP)
COLUMBUS, Ohio, Nov. 2 /PRNewswire-FirstCall/ -- The Huntington
National Bank has chosen to continue its participation in the Federal
Deposit Insurance Corporation's (FDIC) Transaction Account Guarantee
Program (TAGP). Created in 2008 under the Temporary Liquidity Guarantee
Program (TLGP), the TAGP program was recently extended for six months,
through June 30, 2010. The extension is valid only to financial
institutions that choose to remain in the program.
"Huntington has been involved with the TAGP since the very beginning,
and we are pleased that the FDIC has decided to extend this program," said
Stephen D. Steinour, chairman, president and chief executive officer of
Huntington Bank. "Coupled with Huntington's strong capital position, our
participation in the TAGP enhances our ability to provide a safe, sound and
secure banking experience for all customers."
The TAGP provides insurance coverage in addition to and separate from
the coverage provided through the FDIC's general deposit insurance fund,
which covers balances up to $250,000 per depositor through December 31,
2013.
The TAGP provides unlimited insurance protection for:
|
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