Legal and Privacy Policy
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 non-interest
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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