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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 amount ($250,000), for each deposit insurance
ownership category.
For more information about
FDIC insurance coverage of transaction accounts, visit
http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
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