NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the
Federal Deposit Insurance Corporation from December 31, 2010, through
December 31, 2012. This temporary unlimited coverage is in addition to, and
separate from, the coverage of at least $250,000 available to depositors under the
FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking
account or demand deposit account on which the insured depository institution
pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs").
Other accounts, such as traditional checking or demand deposit accounts that may
earn interest, NOW accounts, and money-market deposit accounts are not covered
by this additional insurance."

For more information please visit the FDIC website www.fdic.gov  

 

 

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