FDIC Insurance

FDIC Coverage

At Midland States Bank, we know that the economy is unpredictable and you are looking for a safe place to protect your money. As a member of The Federal Deposit Insurance Corporation (FDIC), you can have peace-of-mind knowing that your deposits at Midland are protected up to the insurance limit allowed by the FDIC.

What the FDIC protects

At Midland States Bank, your deposits are protected up to the insurance limit by the Federal Deposit Insurance Corporation (FDIC). FDIC insured accounts include checking and savings accounts, money market deposit accounts, CDs and deposits in IRAs. Almost all of your interest-bearing deposit transaction accounts Midland States Bank, as well as deposits in IRAs and certain other retirement accounts, are insured to at least $250,000 per depositor, subject to certain limits.

Who funds the FDIC

The FDIC, an independent agency of the federal government created in 1933, is designed to preserve and promote public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions. It is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities.

Are you over the insurance coverage limit?

You can confirm that your deposits are within the insurance limits by using the FDIC's Electronic Deposit Insurance Estimator (EDIE), by calling the FDIC at 1-877-275-3342, or by asking your local Midland representative.

Midland has you covered

A Midland representative would be happy to sit down with you to discuss the coverage on your deposits or any financial needs. You can learn more about the FDIC through their website located at http://www.fdic.gov/deposit/index.html.