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FDIC Transaction Amount Guarantee Program

NOTICE OF EXPIRATION OF THE TEMPORARY UNLIMITED FDIC INSURANCE COVERAGE FOR NON-INTEREST BEARING TRANSACTION ACCOUNTS

By federal law, as of 1/1/2013, funds in a "non interest-bearing transaction account" (including IOLTA / IOLA) 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, visit the FDIC's website.

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