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NOTICE OF EXPIRATION OF THE 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 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.
For more information about FDIC insurance coverage, visit
www.fdic.gov.
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The following links are educational tools which can help you to better understand how to protect yourself from these threats.