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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING 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). 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
http://www.fdic.gov/deposit/deposits/unlimited/expiration.htmCitizens Savings Bank
P.O. Box 6
Hawkeye, IA 52147
csbank@netins.net
www.csbhawkeye.com
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