Important Changes to FDIC Insurance Coverage

Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Non Interest Bearing Transaction Accounts

 

By operation of federal law, beginning January 01, 2013, funds deposited into 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 01, 2013, all of a depositorís accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance category.

For more information about FDIC insurance of noninterest-bearing transaction accounts, visit

http://www.fdic.gov/deposit /deposits/unlimited/expiration.html .html