Equal Housing Lender |
NOTICE
OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a 'noninterest-bearing transaction account' are insured
in full by the Federal Deposit Insurance Corporation from December 31,
2010, through December 31, 2012. This temporary unlimited coverage
is in addition to, and separate from, the coverage of at least $250,000
available to depositors under the FDIC's general deposit insurance
rules. The term "noninterest-bearing transaction account'
includes a traditional checking account or demand deposit account on
which the insured depository institution pays no interest. It also
includes Interest on Lawyers Trust Accounts ("IOLTA's"). It does
not include other accounts, such as traditional checking accounts or
demand deposit accounts that may earn interest, NOW accounts and money-market deposit
accounts.
For more information about temporary FDIC insurance coverage of
transaction accounts, visit www.fdic.gov.
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