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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/deposit/deposits/unlimited/expiration.html
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