Bank of Alapaha and Cook Community Bank are participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit rules.

NOW accounts are not guaranteed under the transaction account guarantee program that has an interest rate higher than 0.25 percent.