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FDIC Notice of Change

Notice of the Repeal of the Temporary Full FDIC Insurance Coverage for Non-Interest Bearing Transaction Accounts.

As reflected in Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the temporary unlimited insurance coverage program for non-interest bearing accounts administered by the FDIC was terminated as of 12/31/2012.

Effective January 1, 2013, funds in applicable interest and non-interest bearing accounts (including an IOLTA) will be FDIC–insured to the legal maximum of $250,000 for each ownership category.

Learn more at the FDIC website»