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Home > Archives for Depository Bond

Goldleaf Surety Establishes $260MM Depository Bond Program

September 25, 2013by Lori Olson

Depository Bonds allow banks to offer deposit protection in excess of the Federal Deposit Insurance Corporation (FDIC) insurance coverage to customers with deposits in excess of these limits (currently $250,000 per depositor). Typically, this type of bond is requested by educational institutions, governmental and quasi-governmental agencies, businesses and high-net worth individuals. This protection allows the bank to attract and retain customers without tying up the banks investments to back … [Read more...]

Filed Under: Goldleaf Surety Blog Tagged With: bond, Commercial Bond, Depository Bond, FDIC, Frank/Dodd Act

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