\\u003cp\\u003eThe \\u003ca class=\\"glossary-term\\" href=\\"/education/glossary/federal-deposit-insurance-corporation/\\"\\u003eFederal Deposit Insurance Corporation (FDIC)\\u003c/a\\u003e is an independent agency of the U.S. government that protects bank customers against the loss of their insured deposits in the event that an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the U.S. government.\\u003c/p\\u003e\
\\u003cp\\u003eCustomers of FDIC-insured banks, including Gate City Bank, are covered by the FDIC for up to $250,000 per depositor, per bank.\\u003c/p\\u003e