Guarantees for Herald National Bank under FDIC’s program

Herald National Bank, formerly Heritage Bank, N.A announced that it decided to participate in the Federal Deposit Insurance Corporation's (FDIC) Transaction Account Guarantee Program (TAGP). Herald National Bank is a relationship-based banking institution dedicated to serving the commercial and private banking needs of small to mid-size businesses and high net worth individuals in the New York metropolitan area.

Within the frames of the program the FDIC fully guarantees all non-interest-bearing transaction accounts for the entirety of the account. This is an additional coverage apart from the coverage currently available under the FDIC's general deposit insurance rules and it will be extended by the FDIC through December 31, 2009.

“Through our participation in the Transaction Account Guarantee Program and recent increases to basic FDIC insurance limits, our banking teams are able to put Herald’s strong capital base and clean balance sheet to work for clients by delivering a broader scale of products and services,” comments David S. Bagatelle, President and CEO of Herald National Bank.