General Notices

Stay up to date on changes to Bank of Oak Ridge and Federal banking guidelines and regulations by checking this page often.

Expiration of Temporary Unlimited Coverage for Noninterest-Bearing Transaction Accounts

By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html