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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 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

 

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ANNAPOLIS, Md. (AP) — A colorful and complex figure in Maryland politics, Marvin Mandel was seen by some as an innovator who reorganized state government to be more efficient. For others, he was forever stained by his conviction for selling the powers of office. Mandel died Sunday afternoon after spending two days with family celebrating his stepson's 50th birthday. He was 95. The cause of ...

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