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FDIC: Insurance on your accounts

NOTICE OF EXPIRATION 

THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS Expires 12/31/2012 .
  update issued November of 2012

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, the standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.   For more information about temporary FDIC insurance coverage of transaction accounts, visit FDIC websiteThird Party Link.

 

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