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Notice of FDIC Insurance Coverage for Transaction Accounts By
federal law, as of 01/01/2013, funds in a noninterest-bearing
transaction account (including an 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 www.fdic.gov/deposit/deposits/unlimited/expiration.html. |
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