NOTICE OF CHANGE IN TEMPORARY FDIC INSURANCE
COVERAGE FOR NONINTEREST BEARING TRANSACTION ACCOUNTS
According to 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 depositorís 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 the FDIC website at www.fdic.gov.
You may call the bank and speak to one of our New Accounts Representatives for any questions relating to the FDIC insurance limits at 530-879-5900.