The Private bank of California expects that the extension of insurance coverage on funds deposited in a noninterest-bearing account (including an Interest on Lawyer Trust Account) which is expiring on December 31,2012 will not be extended.  Therefore, begining January 1, 2013, all of a depositors's accounts at The Private Bank of California, 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.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTA's"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic. If you have questions about FDIC coverage limits and requirements visit the FDIC website at https://www.fdic.gov/edie/index.html.