FDIC Insurance
NewBridge Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC's creation in 1933, no depositor has ever lost even one penny of FDIC-insured deposits.
FDIC insurance covers all deposit accounts at NewBridge Bank up to $250,000. These accounts include checking, NOW (Negotiable Order of Withdrawal) accounts, savings accounts, money market deposit accounts, and certificates of deposit (CDs) up to the insurance limit.
On December 31, 2010 the FDIC created a temporary deposit insurance account category. Through December 31, 2012, unless otherwise extended, all commercial non-interest bearing demand deposit accounts are afforded unlimited FDIC insurance coverage. After December 31, 2012 the standard $250,000 insurance coverage will apply.
The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased these products from NewBridge Bank.
You may qualify for more than $250,000 in coverage at NewBridge Bank if you own deposit accounts in different ownership categories. The most common account ownership categories for individual and family deposits are single accounts, joint accounts, revocable trust accounts, and certain retirement accounts. To calculate the estimated FDIC insurance coverage for your NewBridge Bank accounts, please use the FDIC’s EDIE the Estimator.
Banking Products