Reading Co-operative Bank has chosen not to participate in the FDIC's Transaction Account Guarantee Program. Customers of the Bank with non-interest transaction accounts will continue to be insured for up to $250,000 under the FDIC's general deposit insurance rules.

Reading Co-operative Bank's rationale:

• Reading Co-operative Bank provides each customer full deposit insurance through the Share Insurance Fund whose insurance is permanent.
• The FDIC's Transaction Account Guarantee Program is only a temporary measure and difficult for customers to determine their eligibility.
• The FDIC intends to charge for this temporary insurance for some customers even though, Reading Co-operative Bank has already paid for the insurance it provides for all of our customers.

If any customer has any questions about how this decision affects them, they can inquire at our customer service area or contact the Bank's President or Chief Financial Officer.