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MCB News
- **Merchants Commercial Bank Hires St. John Client Development Officer** - **MCB Receives 4 Star Rating on Bankrate.com** - **FDIC Deposit Insurance to Remain at $250,000 Through December 2013** - **Click here for directions to our branch at 4608 Tutu Park Mall** - **MCB PLACES A DEPOSIT FACILITY ON ST. JOHN**
 Merchants Commercial Bank is pleased to announce its participation in the FDIC’s Transaction Account Guarantee Program. The (TAG) program, as part of the Temporary Liquidity Program guarantees full deposit coverage of non interest-bearing transaction accounts, regardless of the dollar amount and is in addition to, and separate from, the standard FDIC insurance that was temporarily increased to $250,000 per depositor through December 31st, 2013. The TAG program has recently been extended to run through June 30, 2010. NOW accounts earning .50% interest or less, and IOLTA accounts are considered non-interest bearing for the purpose of this program. MCB Commercial Checking, Assurance Checking, and IOLTA, are fully insured under this program. In this uncertain environment, we know that FDIC protection is important, and we at MCB wanted to provide our valued clients with this extra protection.
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