FDIC Insurance

Notice Of Expiration Of Temporary Full 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 Interest on Lawyers' Trust Accounts) no longer will receive the 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 transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000) for each deposit insurance ownership category.

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