01/01/2013: FDIC Insurance Expiration

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 of noninterest – bearing  transaction accounts,  visit  http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.