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Metropolitan Bank

FDIC Insurance Coverage
Learn more about our FDIC Insurance Coverage.

What is the FDIC?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank fails. More simply, the FDIC promotes stability and public confidence in the U.S. financial system by insuring your deposits at the bank.

FDIC Notice for Participating Institutions

Transaction Account Guarantee Program
Metropolitan Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non-interest-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.

Are My Deposits Insured?

Yes, your deposits at Metropolitan Bank are insured. Metropolitan Bank is located in Oakland, California and has been a FDIC member since December 17, 1984. Our FDIC Certificate Number is 25869 and you may find out more at FDIC Bank Find.

Were there changes in FDIC Insurance Coverage?

April 13, 2010
The FDIC adopted an interim final rule extending the Transaction Account Guarantee Program (TAG) for six months through December 31, 2010. The FDIC also retained the ability to extend the program for another 12 months without any further rulemaking. The FDIC also lowered the maximum interest rates on NOW accounts guaranteed under the program from 0.50 percent to 0.25 percent, effective July 1, 2010.

October 14, 2008
FDIC announced its temporary Transaction Account Guarantee Program, which provides full coverage for non-interest bearing transaction deposit accounts at FDIC-insured institutions. The transaction account guarantee applies to all personal and business checking deposit accounts that do not earn interest at participating institutions. This unlimited insurance coverage is temporary and will remain in effect for participating institutions until June 30, 2010.

October 3, 2008
Deposits at FDIC-insured institutions are insured up to at least $250,000 (previously, $100,000) per depositor until December 31, 2009. On January 1, 2010, FDIC deposit insurance for all deposit accounts-except for certain retirement accounts-will return to at least $100,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, was increased permanently to $250,000 per depositor in 2006.

September 26, 2008
The FDIC has simplified its rules for the insurance coverage of revocable trust accounts. The new rules provide at least as much coverage as the former rules and are not subject to the expiration dates referenced above.

Basic FDIC Deposit Insurance Coverage Limits*

Single Accounts (owned by one person) $250,000 per co-owner
Joint Accounts (two or more persons) $250,000 per co-owner
IRAs and Certain Other Retirement Accounts $250,000 per owner
Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements
Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association
Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each participant
Government Accounts $250,000 per official custodian
Non-interest Bearing Transaction Accounts Unlimited coverage**
Non-interest Bearing Transaction Accounts Unlimited coverage**


                       NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE                       


All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking or demand deposit account on which the Bank pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit

* The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and Certain Retirement Accounts, which will remain at $250,000 per depositor.

** Unlimited deposit insurance coverage is available through December 31, 2010, for non-interest bearing transaction accounts at institutions participating in FDIC's Temporary Liquidity Guarantee Program

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