FDIC Guarantee Information

Notice of Changes in Temporary FDIC Insurance Coverage for Non-Interest Bearing Transaction Accounts:

Beginning January 1, 2013, funds deposited in "non-interest bearing transaction accounts" 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, including all "non-interest 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.

The term "noninterest bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository 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.”