First National Bank

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First National Bank
1701 E. King Street
Franklin, IN 46131
Phone: (317) 738-3700
Fax: (317) 738-9422


First National Bank recognizes the current economic climate and the related concerns customers may have in regards to their deposits. Trends in the economy have stressed profits industry wide, and we feel proud to have come through a rough time in sound condition. Despite the fact there are challenging economic forecasts indicated for 2009, FNB is still well positioned to remain to be a sound community bank in the future

With our customers in mind we have secured for our customers several participatory programs to assist in helping you, our customer, not only hold on to your money, but put it to work for you in a safe and secure, insured environment.

First, the Federal Deposit Insurance Corporation (FDIC) recently increased coverage on deposits from $100,000 per owner account to $250,000 until December 31, 2009. This is great news for depositors as they no longer have to spread their funds across multiple banks in order to have their deposits fully insured. Once your funds cross over the $250,000 limit there are several other alternatives to keep your money working and secure. Added to the increase in the insured amount, First National Bank is participating in a new FDIC program called the Temporary Liquidity Program. Under this program , all noninterest-bearing transaction deposits above $250,000 are insured through December 31, 2009. There is no limit on the amount insured. All qualifying monies deposited will be fully covered by the FDIC through December 31, 2009. Speak to a First National Bank representative for complete details.

First National Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee is in addition to and separate from the Coverage available under the FDIC’s general deposit insurance rules.

A third program First National Bank is bringing to our customers from the FDIC is the Debt Guarantee Program. The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount. Speak to a First National Bank representative for complete details.

This debt is guaranteed under the Federal Deposit Insurance Corporation’s Temporary Liquidity Guarantee Program and is backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in the FDIC’s regulations, 12 CFR Part 370, and at the FDIC’s Web site, http://www.dfic.gov/tlgp. The expiration date of the FDIC’s guarantee is the earlier of the maturity date of the debt or June 30, 2009, that is not guaranteed under the Debt Guaranteed Program.

A fourth program available to our customers is the CDARS program. CDARS® is the Certificate of Deposit Account Registry Service®. It's the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million. With CDARS, you sign one agreement with a participating local bank or other financial institution of your choice, earn one interest rate, and receive one regular statement. It's that easy. CDARS is the perfect solution for many depositors — from non-profits and public funds to businesses, advisors (including trustees, CPAs, financial planners and lawyers) and individuals, as well as socially-motivated investors.

Copyright 1999-2009 FirstNationalBank.