NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

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 account or demand deposit account on which the insured depository institution 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.

FDIC Deposit Insurance

FDIC Deposit Insurance coverage limit has permanently increased to $250,000.00.  For more information, visit the FDIC's website.

How to Avoid Identity Theft

The Federal Trade Commission (FTC) has a great website that provides resources on ways to avoid identity theft and what you need to do if your identity is stolen. Below is a link to this website to help you deter, detect, and defend against identity theft.

http://www.ftc.gov/bcp/edu/microsites/idtheft/

VISA Security Alert

UGA MASCOT BURIED ON BANK OF EASTMAN PROPERTY

Mr. Angel was a mascot for the University of Georgia from 1944 to 1946. Mr. Angel belonged to Dr. Warren A Coleman. Mr. Angel was buried at the Coleman home which was located at the corner of Fifth Avenue and Oak Street in Eastman, GA.

Protecting yourself against "Phishing," a type of online fraud.

What is Phishing?

Identity theft over the Internet is on the rise and “Phishing” is one form of fraud that attempts to obtain your personal information through the use of emails, websites, and popups. This type of fraud occurs when you receive an email that is sent as though the email is from a legitimate company. The email will request sensitive personal information by telling you to either supply the information in a popup window or by clicking on a web link that sends you to a counterfeit web site. Once the information is obtained the data may be unlawfully used against you to create transactions on your existing accounts.

How can I identify these fraudulent emails?

• Keep in mind that Bank of Eastman will not send emails asking for customer information.
• Fraudulent emails will ask you for your confidential information.
• Fraudulent emails may appear to be from a genuine source.
• Fraudulent emails will also link to bogus Web sites.
• Fraudulent email may also contain bogus phone numbers.

What should I do if I find one of these emails?

Do not click on any of the links in the email. If you find an email that you believe to be fraudulent either call our Tech Support Department at (478)374-3418 x104 or email techsupport@magnoliastatebanks.com to report it.