On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

To learn if your money is fully insured by the FDIC, check out FDIC’s online calculator at www.myfdicinsurance.gov. For more information about the FDIC and its insurance program, you can call the FDIC at 877.ASK.FDIC (877.275.3342) from 8 a.m. – 8 p.m. (ET) or contact them online at www.fdic.gov.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary 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 "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution 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, and money-market deposit accounts.

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

NOTE: Please be advised though that if you participate in a bank sweep product or program where your transaction account may be reclassified as an interest-bearing account, your account may not be eligible for the unlimited FDIC coverage. However, the balance in your transaction account would be covered by the FDIC's limit of $250,000.