FDIC Disclosure

FDIC General Deposit Insurance Coverage

The Federal Deposit Insurance Corporation (FDIC) insurance coverage limit has been permanently increased to $250,000.&bsp; This limit applies per depositor, per insured depository institution, for each account ownership category.  Depending on your accounts and their ownership status, the FDIC may provide additional insurance.  You can learn more by using the FDIC Electronic Deposit Insurance Estimator (“EDIE”) at www.fdic.gov/edie/

Changes to Temporary “Noninterest-bearing Transaction Account” Coverage

Absent further Congressional action, by federal law, as of January 1, 2013, funds in a noninterest-bearing transaction account will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category.  For more information, please click here.

Currently and through December 31, 2012, all funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation.  Temporary unlimited coverage to a "noninterest-bearing transaction account" 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 ("IOLTAs").  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts or money market deposit accounts.  For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.