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FDIC News

INSURANCE COVERAGE FOR NONINTEREST-BEARING NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC TRANSACTION ACCOUNTS

NOTICE: By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account/IOLTA) 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 or go to "What's New" on www.fdic.gov.
 

 


Notice - Unlawful Internet Gambling Enforcement Act of 2006

This notification is provide pursuant to the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 and Regulation GG.  The Act prohibits any person engaged in the business of betting or wagering from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling.  As an accountholder, these restricted transactions are prohibited from being processed through the account or relationship with us.