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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

Jailed clerk vows not to back down, no resolution in sight


GRAYSON, Ky. (AP) — Rowan County Clerk Kim Davis will spend Labor Day weekend in isolation at the Carter County Detention Center with her Bible and her clear conscience. At least three same-sex couples will spend the weekend planning weddings after finally receiving the marriage licenses they asked for months ago but were denied because Davis believes gay marriage is a sin. The Rowan County ...

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Nadal blows 2-set Slam lead for 1st time, loses to Fognini


NEW YORK (AP) — Rafael Nadal had never lost a Grand Slam match when taking a two-set lead until he was beaten 3-6, 4-6, 6-4, 6-3, 6-4 by 32nd-seeded Fabio Fognini of Italy in the third round of the U.S. Open on Friday night. The eighth-seeded Nadal's defeat also ends the Spaniard's 10-year streak of winning at least one major title per season. He lost in the quarterfinals at the Australian ...

    
   
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