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Important Information Regarding Your FDIC Insurance Coverage

For those customers that currently have deposit accounts at Vantage Bank Texas and Inter National Bank, your deposits will continue to be insured by the Federal Deposit Insurance Corporation (FDIC). FDIC deposit insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. The standard insurance amount is $250,000 per depositor, per insured bank for each account ownership category. After our effective merger date, Vantage Bank Texas and Inter National Bank will be considered a single entity for FDIC deposit insurance. However, following a bank merger, the separate deposit insurance of each of the banks is continued for a period of not less than six months after the merger.  The extended deposit insurance coverage period is designed to allow customers ample time to restructure accounts and account ownership to allow for continued deposit insurance after the merger.

For checking, savings and money market deposit accounts, the separate deposit insurance coverage will continue for six months following the merger. For certificates of deposit or time deposits which mature and are automatically rolled over within six months after the merger, the separate insurance coverage will continue until the first maturity after the expiration of the six-month period following the merger. For certificates of deposit or time deposits which mature more than six months after the merger, the separate insurance coverage continues until the earliest maturity date after the expiration of the six-month period following the merger.

The consolidation of the FDIC insurance limits will not impact our customers who maintained deposit accounts with only one of the banks, Vantage Bank Texas or Inter National Bank. However, the maximum deposit insurance coverage available to customers who maintained deposit accounts at both of the aforementioned banks may be affected. If you think you may be affected by the revised deposit insurance limit, visit your nearest Vantage Bank Texas or Inter National Bank location. To speak with a customer service representative please call: Vantage Bank Texas Customers: 866-580-7262, Inter National Bank Customers: RGV 956-664-8401 / El Paso 915-594-3400 / Laredo 956-721-7100.