FDIC Disclosure Statement

New Deposit Insurance Limits

The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.

All funds in a "noninterest-bearing transactions 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 transactions account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.† It dos not include other accounts such as traditional checking or demand deposit accounts that my earn interest, NOW accounts or†money-market deposit accounts.†

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 noninterestbearing 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 depositorís 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