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 Press Releases About TrustBank


IT Audit Tools for the Financial Auditor Seminar


(December 1, 2005)
Jason Kern, the IT manager of TrustBank
, attended the Community Bankers Association of Illinois (CBAI) seminar "IT Audit Tools for the Financial Auditor", on Thursday, December 1, 2005. This one-day seminar, held at the CBAI Headquarters in Springfield, provided tips on evaluating the bank's security infrastructure which supports its technology risks and helped participants develop a risk-based audit plan for their information system. Topics covered included getting prepared for your next exam, areas to audit, and IT risks inherent in financial institutions. Types of substantive testing and common findings were also addressed.

Laura Schumacher, CPA and associate with BKD LLP, St. Louis, Missouri, led this seminar. Schumacher consults on risk management, bank operations, and information security. She provides a wide range of accounting, auditing, and consulting services, including managing audits and internal audits, and performing risk assessments.

Headquartered in Springfield, CBAI is a statewide association representing more than 500 community banks and thrifts in Illinois.


 


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NOTICE OF EXPIRATION OF THE TEMPORARY FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.