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Monday | January 7, 2013

Changes in FDIC Deposit Insurance Coverage

December 31, 2012As scheduled, the unlimited  insurance coverage for noninterest-bearing transaction accounts provided under  the Dodd-Frank Wall Street Reform and Consumer Protection Act expired on  December 31, 2012.  Deposits held in  noninterest-bearing transaction account are now aggregated with any  interest-bearing deposits the owner may hold in the same ownership category,  and the combined total insured [...]

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