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I have deposits at both First Republic Bank and Merrill Lynch Bank & Trust Co., FSB? Does my FDIC insurance coverage change?

April 26, 2017Bank deposits FDIC FSB insurance coverage lynch Merrill republic Trust

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I have deposits at both First Republic Bank and Merrill Lynch Bank & Trust Co., FSB? Does my FDIC insurance coverage change?

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If you maintain deposits at both First Republic Bank and Merrill Lynch Bank & Trust Co., FSB (e.g., through the Merrill Lynch Bank Sweep Deposit Program), your FDIC insurance coverage may be impacted. Please contact your First Republic Preferred Banker or Merrill Lynch Financial Advisor for further details.