New FDIC Insurance Rules

A Notice Of Changes In Temporary FDIC Insurance Coverage For Transaction Accounts

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from December 31, 2010, through December 31, 2012, all funds in “non-interest-bearing transaction accounts” are insured in full by the Federal Deposit Insurance Corporation.

This 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 “non-interest-bearing transaction account” includes a traditional checking account (or demand deposit account) on which the insured depository institution pays no interest. It does not include any transaction account that may earn interest, such as a negotiable order of withdrawal (“NOW”) account or money-market deposit account, even if checks may be drawn on the account.

The temporary full insurance coverage of “non-interest -bearing transaction accounts” expires on December 31,2012. After December 31,2012, funds in non-interest-bearing transaction accounts will be insured under the FDIC’s general deposit insurance rules, subject to the Standard Maximum Deposit Insurance Amount of $250,000.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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