NOTICE OF TEMPORARY CHANGE IN FDIC INSURANCE

COVERAGE FOR TRANSACTION ACCOUNTS

 

All Funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  Temporary FDIC Coverage over $250,000 to end December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors

under the FDIC’s general deposit insurance rules. 

 

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured

depository institution pays no interest.  It also includes Interest on Lawyers

Trust Accounts (“IOLTAs”).  It does not include other accounts, such as

traditional checking or demand deposit accounts that may earn interest,

NOW accounts, money-market deposit accounts.

 

For more information about temporary FDIC insurance coverage of

transaction accounts, visit www.fdic.gov.