Business BoD Conversion Book and Disclosure Packet

FDIC Insurance

FDIC Insurance

The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. Deposit accounts held at Bank of Denver prior to the merger with MidWest One will be separately insured by the FDIC until August 1, 2024 to give you an opportunity to restructure your accounts, should you choose to do so. This grace period is described in more detail below: • Checking, savings and money market accounts held at Bank of Denver will be insured separately by the FDIC up to applicable limits until August 1, 2024 . • Bank of Denver CDs dated prior to August 1, 2024, will be separately insured by the FDIC up to applicable limits until the first maturity date after August 1, 2024. CDs that mature during the six-month interim period and are renewed for the same term and in the same dollar amount, (either with or without accrued interest), continue to be separately insured until the first maturity date after August 1 2024. • CDs that are renewed on any other basis will be separately insured only until August 1, 2024. • Deposit accounts opened after August 1, 2024, may not be separately insured. • After August 1, 2024, accounts will continue to be insured up to applicable limits by the FDIC through MidWest One Bank.

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