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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
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| By operation of federal law, beginning
January 1, 2013, funds deposited in 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 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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For more information about FDIC
insurance coverage of noninterest-bearing transaction accounts, visit
www.fdic.gov.
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