First Bank Upper Michigan is participating in the FDIC’s Transaction Account Guarantee (TAG) Program through June 30, 2010. Under this TAG program all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.

Coverage under the TAG Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.

Recently the FDIC announced that it is extending the TAG Program for an additional six months through December 31, 2010. First Bank Upper Michigan has elected not to extend its participation in this TAG Program. Effective
July 1, 2010 First Bank Upper Michigan has elected to opt out of the TAG Program. Deposits in non-interest bearing transaction accounts will carry the standard maximum FDIC deposit insurance amount of $250,000.

For more information on the TAG program, visit the FDIC website.

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