Wednesday, July 30, 2014

Regulatory Programs & Guidance

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

Correspondent Concentration Risk Guidance

TIB has served as a true leader in preparing for the recent finalization of this important and far-reaching guidance.  This internal ramping up process began more than six months ago.  As a result, TIB currently stands alone in having already developed reporting and processes to assist you in your compliance.  For more information on the guidance, as well as information on TIB's financial performance, please visit the "Correspondent Concentration Risk Center".

In addition, TIB has prepared a sample Policy Template for use by your bank in complying with this guidance.  If you would like a copy, please contact your Correspondent Relations Officer or e-mail us at

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