Are my deposits insured by the FDIC?

Franklin Bank is a member of the Federal Deposit Insurance Corporation, commonly known as the FDIC. This means that deposits made at Franklin Bank are insured by the FDIC, up to the applicable limits set by the agency. As of now, standard insurance coverage protects each depositor up to two hundred fifty thousand dollars for each account ownership category. This insurance is designed to provide peace of mind, ensuring that your funds are safe even in the unlikely event of a bank failure. It is advisable to familiarize yourself with the specific terms and conditions of coverage, as well as the various categories of accounts that may be eligible for insurance. For detailed information about FDIC insurance and how it applies to your specific accounts, visiting the current Franklin Bank webpage may provide you with the most accurate and up-to-date information.