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Main Office
29750 US Hwy 19 North
Clearwater, FL 33761
Phone (727) 451-2020
Fax (727) 451-3400
Oldsmar Office
4095 Tampa Road
Oldsmar, FL 34677
Phone (813) 925-8000
Fax (813) 925-8004
Email Us Click Here
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
EFFECTIVE JANUARY 1, 2013
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). Beginning 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.
For more information about FDIC insurance coverage of noninterest bearing transaction accounts, visit www.fdic.gov.
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