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FDIC Insurance Coverage

Each depositor is insured up to at least $250,000 by the Federal Deposit Insurance Corporation (FDIC).

By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest bearing transaction account (including IOLTA Accounts) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all non-interest bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000) for each deposit ownership category.

Visit the FDIC website for more information