CDs Maturing On or Before December 31, 2013, are Insured by the FDIC up to $250,000. Through December 31, 2013, FDIC insurance has been increased to $250,000 for all ownership categories, principal and interest combined, per depositor, per institution, for all deposits held in each insurable capacity. Insurance coverage will revert to the $100,000 limit on January 1, 2014, except for IRAs and certain self-directed retirement accounts which will remain at $250,000. Any CD with a maturity date after December 31, 2013, will be FDIC insured only for $100,000 principal and interest combined, if held in an account ownership category for which the insurance limit was up to $100,000 prior to October 3, 2008.

Please consult a Financial Advisor an advisor to discuss how to manage the amount of funds invested in CDs while maintaining complete FDIC insurance coverage. The Firm is not obligated to maintain a secondary market in CDs and therefore cannot provide assurance that an investor will be able to sell a CD prior to maturity. The resale price in such a transaction may be less than the principal amount invested. Also, the price paid for any CD purchased in the secondary market will include a mark-up. Refer to the CD Disclosure Statement for more information on our CD program.