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/deposit/deposits/unlimited/expiration.html