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We know you need to trust your bank. Every day we work hard to earn that trust by providing products and service that work for you. Providence Bank & Trust is backed by over 200 years of collective banking experience among our management team.

Our team has been active in South Holland, Cicero, Elmhurst, Frankfort, Lockport, Orland Park, Shorewood, Wheaton, Dyer, Munster, Schererville and surrounding communities for years, and we are committed to the individuals, families, churches, charitable orgarnizations and businesses we serve. The board and management team continue to operate the bank in a safe and sound manner growing the bank while controlling overhead and operating expenses.

THE FOLLOWING IS TO SERVE AS NOTICE OF THE EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS.

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an 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.

If you are interested in acquiring additional FDIC insurance protection through the use of the CDARs or Insured Cash Sweep program, please contact Karen Krywokulski at 630-845-2854.

For more information about the expiration of temporary FDIC insurance coverage of transaction accounts, visit

http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

CDARS
What is CDARS?
CDARS is the Certificate of Deposit Account Registry Service®. With it you can enjoy full FDIC insurance protection on CD deposit amounts greater than $250,000 and up to $50 million.

How does CDARS work?
It’s as simple as 1, 2, 3…

  1. Based on our CD options available, you select an interest rate and maturity that best matches your investment goals and sign a Deposit Placement Agreement with us.
  2. Providence Bank & Trust then places your funds into CDs issued by other banks that are members of a special network – in increments of less than $250,000 – so that both principal and interest are eligible for complete FDIC protection. As a result, you can receive coverage from many banks while working with just one – Providence Bank & Trust.
  3. You earn one interest rate and receive one statement and one year-end tax form.