FDIC Notice for Participating Institutions Transaction Account Guarantee Program December 19, 2008

Floridian Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-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.

Noninterest-bearing transaction accounts include Interest on Lawyers Trust Accounts (IOTA) for additional coverage. Our NOW account product falls under the interest-bearing rules for the $250,000 coverage.

If you have noninterest-bearing transaction accounts with a transfer or sweep arrangement to an interest-bearing transaction account or product, that transfer could decrease your FDIC deposit insurance coverage. The funds in the non-bearing transaction account would have unlimited coverage, whereas the funds in the interest-bearing account would have $250,000 coverage.

The temporary increase of FDIC deposit insurance from $100,000 to $250,000 per depositor was extended through December 31, 2013. This extension is for the general deposit insurance rules and does not apply to Transaction Account Guarantee Program.