Notice of Changes in Temporary FDIC Insurance for Transaction Accounts

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). as of 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

With respect to IOLA/IOLTA accounts, please note that pass through deposit insurance coverage for each individual client may apply.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit