366 South 4th Street · Morton, MS 39117 · (601) 732-8944
The Bank of Morton was chartered in 1904 and has operated continuously in Scott County since its inception.The bank’s primary mission has been to serve the banking needs of Morton, as well as communities in the surrounding area.This continues to be the primary driving force around the Bank today.Being the second oldest bank and one of the most firmly established banks in Scott County, the Bank enjoys a reputation of soundness that serves it well.Through the years our bank has enjoyed a high quality of leadership and staff , and this has helped the Bank maintain a major share of the local banking market.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
