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SECURITY STATEMENT Our website brings together a combination of industry-approved security technologies to protect data for the bank and for you, our customer. It features a VeriSign-issued Digital ID for the bank's Internet Service Provider hosting our website, Secure Sockets Layer (SSL) protocol for data encryptions, and a router and firewall to regulate the inflow and outflow of server traffic. Secure Data Transfer Once a server session is established on an https secure page, the user and the server are in a secured environment. Because the server has been certified as a 128-bit secure server by VeriSign, data traveling between the user and the server is encrypted with Secure Sockets Layer (SSL) protocol. With SSL, data that travels between the bank and customer is encrypted and can only be decrypted with the public and private key pair. In short, the bank's server issues a public key to the end user's browser and creates a temporary private key. These two keys are the only combination possible for that session. When the session is complete, the keys expire and the whole process starts over when a new end user opens a server session. Router and Firewall Secure forms must filter through a router and firewall before they are permitted to reach the server. The router, a piece of hardware, works in conjunction with the firewall, a piece of software, to block and direct traffic coming to the server. The configuration begins by disallowing ALL traffic and then opens holes only when necessary to process acceptable data requests, such as retrieving web pages or sending customer requests to the bank. Using the above technologies, Internet loan application and check reorder transactions are secure. |
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Mutual Federal Savings Bank has chosen not to participate in the FDIC's Transaction Account Guarantee Program. Customers of Mutual Federal Savings Bank with non-interest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC's general deposit insurance rules.
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January 28, 2010
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The "Transaction Account Guarantee Program" is a specialized program affording certain commercial clients with additional depository insurance protection above the existing $250,000 depository limits in place on this date. |
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