Southside Bank is participating
in the FDIC’s Transaction Account Guarantee Program.
Under that program, through December 31, 2009, all noninterest-bearing
transaction accounts, NOW accounts with interest rates no higher
than 0.50%, and Lawyers Trust (IOLTA) 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.
