FDIC INSURANCE

The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your insured deposits if a member institution fails.   

FDIC insurance is backed by the full faith and credit of the United States government. 

Various types of deposits held at member institutions are covered by FDIC insurance including:

• Checking Accounts
• Savings Accounts including Money Market Accounts (MMA)
• Time Accounts such as Certificate of Deposits (CDs)
• Deposit products (such as CDs and Savings Accounts) held in IRAs and other retirement accounts.

The standard maximum deposit insurance amount is $250,000 per depositor, per insured bank for each account ownership category.

You can use the FDIC online calculator (https://edie.fdic.gov/index.html) to determine the insurance rules and limits applied to your specific group of deposit accounts per member bank.   

You do not have to fill out anything to receive FDIC insurance from a member bank. This insurance is automatically granted.

While Veritex Community Bank is a member of the FDIC, not all financial institutions are insured by the FDIC. Always look for the FDIC logo at a financial institution and their product info. 

More details about FDIC insurance can be found at https://www.fdic.gov/

These services are designed to help you manage liquidity, increase investments, and generate income for your bank. Our experienced team of correspondent bankers are ready and willing to help you in any way possible. We look forward to working with you and helping you reach your bank’s goals.

Your deposits remain insured by the Federal Deposit Insurance Corporation (FDIC) to the maximum extent permitted by law. The standard FDIC insurance amount is $250,000 per depositor (ownership category), per insured bank. Veritex Bank and Huntington Bank are now one bank for the purposes of calculating limits on deposit insurance. However, the FDIC has a special rule that allows a customer’s deposits to be considered as separately insured when two banks merge—as if the two banks are still operating separately—for at least six months. This means if you have accounts at both Veritex Bank and Huntington Bank as of October 20, 2025, FDIC coverage of your deposits will remain separate through April 20, 2026, or possibly longer for certificates of deposit (CDs), depending on maturity date. CDs that mature before, or on, April 20, 2026, will no longer be separately covered after maturity. A CD with a maturity date after April 20, 2026, will continue to be covered separately until it matures.

For more information, visit Your Insured Deposits FDIC.gov.