On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The standard maximum insurance amount of $100,000 had been temporarily raised to $250,000 until December 31, 2013. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

With this permanent increase of deposit insurance coverage to $250,000, depositors with CDs above $100,000 but below $250,000 will no longer have to worry about losing coverage on those CDs maturing beyond 2013.

 Seperate from the above insurance provision, is an FDIC Transaction Account Guarantee program.

Superior Bank is participating in the FDIC's Transaction Account Guarantee Program.  Under that program, through June 30, 2010, all noninterest-bearing transaction accounts were fully guaranteed by the FDIC for the entire amount in the account. Effective July 1, 2010 that was reduced to the $250,000.00 The FDIC Board voted to include NOW Accounts paying rates of .5 percent or less and IOLTAs (lawyer trust accounts) are also in the transaction account program.  Coverage under the Transaction Account Guarantee Program is in addition to and seperate from the coverage available under the FDIC's general deposit insurance rules.