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Welcome to Arrowhead Bank.
Arrowhead Bank has been providing deposit, lending, and other financial services for the Texas Hill Country since 1923. We invite you to browse through our pages to discover how we can serve your banking needs. Rock solid in the hill country for 90 years, it’s our desire to offer you “a better brand of banking” for the next 90 and beyond.
***NOTICE OF CHANGES IN*** TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.