FDIC Coverage

To help ease concerns, Congress recently voted to increase the Federal Deposit Insurance Corporation (FDIC) limits. Your deposits are now insured up to $250,000 per depositor. If you have more than $250,000 on deposit, you may be able to get additional FDIC coverage.

Additionally, Mascoma Savings Bank has elected to participate in the FDIC Transaction Account Guarantee Program (TAGP). Under the TAGP, all non-interest bearing checking accounts and NOW accounts at Mascoma Savings Bank are fully guaranteed by the FDIC for the entire balance in the account. This additional coverage applies to personal and business transaction accounts through December 31, 2009. All other deposit accounts are insured by the FDIC up to $250,000 per depositor.

Notice to customers with transfer or Sweep arrangements; This is to advise you that Mascoma Savings Bank participates in the FDIC's TAGP. Under the program, through December 31, 2009, your non-interest bearing transaction accounts are fully guaranteed by the FDIC. This insurance is in addition to and separate from the FDIC's normal deposit insurance coverage of $250,000. However, if you have a non-interest bearing transaction account with a transfer or sweep arrangement to an interest bearing transaction account or product, that transfer could decrease or void your FDIC guarantee. As you are aware, the bank provides confirmation to you regarding the collateral provided by the bank under your repurchase agreement.

The FDIC provides an online insurance calculator at their website, http://www.myfdicinsurance.gov to help you understand your insurance coverage.