South Coastal Bank has chosen not to participate in the FDIC’s Non-interest Bearing Transaction Account Guarantee Program. Customers of South Coastal Bank with non-interest bearing transaction accounts will continue to be insured through December 31, 2009 for up to $ 250,000 under the FDIC’s general deposit insurance rules. Deposits in excess of $ 250,000 will continue to be insured by the Depositors Insurance Fund.