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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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News Story of the Day

America celebrates Independence Day with fireworks, parades


Americans celebrated 239 years as an independent nation on Saturday with extravagant fireworks displays, rock and classical concerts and parades both big and small. Here were some highlights of Independence Day festivities around the nation: SPECTATORS BRAVE TIGHT SECURITY FOR NYC FIREWORKS SHOW Hundreds of thousands of people braved tight security along New York City's East River to watch the ...

Sports Story of the Day

Will history repeat itself? The US women hope not


VANCOUVER, British Columbia (AP) — Abby Wambach remembers the date by heart: July 17, 2011. That was the day the United States lost to Japan in the Women's World Cup title match in Germany. The Americans get a rematch on Sunday when the teams meet again in the final, this time in Canada. The U.S. women are favored, and there figures to be a mostly pro-American crowd making the short trip ...

    
   
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