Disclosures

Please note: Customers will be notified via statement stuffer or statement message whenever policy changes occur. Changes will also be communicated via our website. Please check back for updates.

  

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning Jan. 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 Jan. 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 ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

** FDIC Deposit Insurance Coverage Limits **

  • Single Accounts (owned by one person) - $250,000 per owner
  • Joint Accounts (two or more persons) - $250,000 per co-owner
  • Certain Retirement Accounts (includes IRAs) - $250,000 per owner
  • Revocable Trust Accounts - $250,000 per owner per beneficiary up to 5 beneficiaries (more coverage is available with 6 or more beneficiaries subject to specific limitations and requirements)
  • Corporation, Partnership and Unincorporated Association Accounts - $250,000 per corporation, partnership or unincorporated association
  • Irrevocable Trust Accounts - $250,000 for the non-contingent, ascertainable interest of each beneficiary
  • Employee Benefit Plan Accounts - $250,000 for the non-contingent, ascertainable interest of each beneficiary
  • Government Accounts - $250,000 per official custodian

  

USA Patriot Act

Customer Identification Requirements

In accordance with Section 326 of the USA Patriot Act, applicants for new accounts are requested to provide current picture identification that verifies identity including name, address and other identifying information.

In some cases, identification will be requested for current account holders if original documentation was not obtained with the opening of the account. In all cases, protection of our customers' identity and confidentiality is our pledge to you.

We proudly support all efforts to protect and maintain the security of our customers and our country.

 

Business Product Disclosures

Small Business Checking

This is a non-interest bearing account. To open this account, you must deposit a minimum of $100.00. The average daily (collected) balance required to avoid the monthly service charge is $2,500.00. If the average daily (collected) balance for your monthly statement cycle is below $2,500.00, a service charge of $10.00 will be assessed. You will be allowed a certain number of transactions without fees each statement cycle. When you exceed that number, activity charges will be assessed for those items. Please refer to our Business Products for current fees, transaction limits and balance requirements. Itemized imaged statements and imaged checks are sent monthly. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

Business Checking

This is a non-interest bearing account. To open this account, you must deposit a minimum of $100.00. You will be assessed a monthly service charge and activity charges on your monthly statement cycle date. Please refer to our Business Products for current fees and earnings credit allowance information. Itemized imaged statements and imaged checks are sent monthly. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

Business Checking — NOW

This is an interest-bearing account. To open this account, you must deposit a minimum of $100.00. The average daily (collected) balance required to avoid the monthly service charge is $1,000.00. If the average daily (collected) balance for your monthly statement cycle is below $1,000.00, a service charge of $10.00 will be assessed. The minimum daily (collected) balance to obtain the disclosed Annual Percentage Yield is $1,000.00. Itemized imaged statements and imaged checks are sent monthly. This is a tiered variable rate account with competitive interest rates for each tier. All interest rates are subject to change at the Bank's discretion at any time.

  • Tier One $1,000.00 to $1,999.99
  • Tier Two $2,000.00 to $9,999.99
  • Tier Three $10,000.00 to $49,999.99
  • Tier Four $50,000.00 to $99,999.99
  • Tier Five $100,000.00 to $249,999.99
  • Tier Six $250,000.00 +

We reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. This is a variable rate account, which means the interest rate and Annual Percentage Yield may change at the Bank's discretion at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account for each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) and will be compounded and credited to the account on statement cycle date. The minimum daily (collected) balance to accrue interest is $1,000.00. Accrued interest will be forfeited if you close your account (draw to a zero balance) before it is credited. Please contact the Bank for the current rate applicable to this account.

Average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

You may write an unlimited amount of checks. You may make unlimited withdrawals from any ATM on the Star network. An excess foreign ATM fee of $1.00 will be charged for each foreign ATM transaction in excess of ten per monthly statement cycle. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

Business Money Market

This is an interest-bearing account. To open this account, you must deposit a minimum of $100.00. Transactions on this account are limited by Federal Regulations. A transaction fee of $10.00 will be charged for each transaction over the Federal Regulations limit. The average daily (collected) balance required to avoid the monthly service charge is $2,000.00. If the average daily (collected) balance for your monthly statement cycle is below $2,000.00, a service charge of $10.00 will be assessed. The minimum daily (collected) balance to obtain the disclosed Annual Percentage Yield is $2,000.00. Itemized imaged statements and imaged checks are sent monthly.

This is a tiered variable rate account with competitive interest rates for each tier. All interest rates are subject to change at the Bank's discretion at any time.

  • Tier One $2,000.00 to $9,999.99
  • Tier Two $10,000.00 to $49,999.99
  • Tier Three $50,000.00 to $99,999.99
  • Tier Four $100,000.00 to $249,999.99
  • Tier Five $250,000.000+

We reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. This is a variable rate account, which means the interest rate and Annual Percentage Yield may change at the Bank's discretion at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account for each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) and will be compounded and credited to the account on statement cycle date. The minimum daily (collected) balance to accrue interest is $1,000.00. Accrued interest will be forfeited if you close your account (draw to a zero balance) before it is credited. Please contact the Bank for the current rate applicable to this account. Average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

You may make only six preauthorized, automatic, or telephone transfers or withdrawals per statement cycle, but only three may be payments by check, draft or debit card to third parties. Excessive transactions will cause this account to be changed to a transaction account.

You may make unlimited withdrawals from any ATM on the Star network. An excess foreign ATM fee of $1.00 will be charged for each foreign ATM transaction in excess of ten per month. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

Business Sweep

This is an interest-bearing account. To open this account, you must deposit a minimum of $100.00. You will be assessed a monthly service charge and activity charges on your monthly statement cycle date. Please refer to our Business Products for current fees and earnings credit allowance information. Itemized image statements and imaged checks are sent monthly.

Business Savings

This is an interest-bearing account. To open this account, you must deposit a minimum of $100.00. The minimum daily (collected) balance required to avoid the monthly service charge and to obtain the disclosed Annual Percentage Yield is $500.00. If the minimum daily (collected) balance for your statement cycle is below $500.00, a service charge of $5.00 will be assessed and no interest will be paid. Transactions on this account are limited by Federal Regulations. A transaction fee of $2.00 will be charged for each debit transaction (ATM withdrawals included) in excess of six per month. You may make unlimited withdrawals from any ATM on the Star network. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable. Itemized imaged statements are sent quarterly.

We reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. This is a variable rate account, which means the interest rate and Annual Percentage Yield may change at the Bank's discretion at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account for each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) and will be compounded and credited to the account on statement cycle date. Minimum balance to accrue interest is $100.00. Accrued interest will be forfeited if you close your account (draw to a zero balance) before it is credited. Accrual of non-cash deposits begins no later than the business day we receive credit for the deposit of non-cash items. Please contact the Bank for the current rate applicable to this account.

You may make only six preauthorized, automatic, or telephone transfers or withdrawals per statement cycle, but only three may be payments by debit card to third parties. Excessive transactions will cause this account to be changed to a transaction account.

Certificate of Deposit (COD)

This is an interest-bearing account. To open this account, you must deposit a minimum of $1,000.00.

The Annual Percentage Yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Interest is compounded and credited quarterly unless you request a different frequency or payment type. Interest begins to accrue on the day of your deposit. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. After the account is opened, you may not make deposits into the account until the maturity date. If you withdraw any principal before the maturity date, a penalty as shown on our Early Withdrawal Penalty Disclosure may be imposed. The bank is required by Regulation D to impose an early withdrawal penalty of at least seven days simple interest on amounts withdrawn within the first six days after deposit. Some exceptions may apply. The account will automatically renew at maturity for the same term at the then current rate. You will have ten (10) calendar days from the maturity date to withdraw funds without being charged a penalty. Interest will not be paid after maturity date. If you purchase a single maturity certificate, the account will not renew automatically and interest will not be paid after the maturity date.

Early Withdrawal Penalty Disclosure

Your account will mature according to the length of time selected at account opening. If you withdraw any of the principal before the maturity date, we impose a penalty as follows:

  • 7 days through 31 days — all interest that would have been earned on the amount withdrawn for the term of the deposit
  • 32 days through 12 months — 3 months' interest
  • 13 months through 36 months — 6 months' interest
  • 37 months through 60 months — 12 months' interest

Any of the above penalties may result in a reduction of the principal sum of the account affected. The penalty on a variable rate CD will be calculated based on the rate in effect on the date of withdrawal. At the time any deposit contract is entered into, renewed or extended, the deposit may not be withdrawn in whole or in part prior to maturity without the consent of the Bank except where the depositor has died or has been judicially declared mentally incompetent. In the event that the depositor has been declared incompetent, the Bank will be required to honor a request for withdrawal prior to maturity without penalty. In all other cases, withdrawal priory to maturity will be permitted only with the consent of the Bank and such consent may me given only at the time withdrawal is sought. CDs paid prior to maturity may require the endorsement of all depositors.

If this deposit is in a properly established "IRA" Plan, we will allow withdrawal within seven (7) days after establishment with forfeiture of all interest earned at the nominal (simple) interest rate being paid on the deposit.

 

Personal Product Disclosures

Personal Checking

This is a non-interest bearing account. To open this account, you must deposit a minimum of $100.00. You may write an unlimited amount of checks. You may make unlimited withdrawals from any ATM on the Star network. An excess foreign ATM fee of $1.00 will be charged for each foreign ATM transaction in excess of ten per monthly statement cycle. The average daily (collected) balance required to avoid the monthly service charge is $500.00. If the average daily (collected) balance for your monthly statement cycle is below $500.00, a service charge of $6.00 will be assessed. Itemized imaged statements and imaged checks are sent monthly. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

Personal Checking — Interest Bearing

This is an interest-bearing account. To open this account, you must deposit a minimum of $100.00. The average daily (collected) balance required to avoid the monthly service charge is $1,000.00. If the average daily (collected) balance for your monthly statement cycle is below $1,000.00, a service charge of $10.00 will be assessed. The minimum daily (collected) balance to obtain the disclosed Annual Percentage Yield is $1,000.00. Itemized imaged statements and imaged checks are sent monthly. This is a tiered variable rate account with competitive interest rates for each tier. All interest rates are subject to change at the Bank's discretion at any time.

  • Tier One $1,000.00 to $1,999.99
  • Tier Two $2,000.00 to $9,999.99
  • Tier Three $10,000.00 to $49,999.99
  • Tier Four $50,000.00 to $99,999.99
  • Tier Five $100,000.00 to $249,999.99
  • Tier Six $250,000.00 +

We reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. This is a variable rate account, which means the interest rate and Annual Percentage Yield may change at the Bank's discretion at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account for each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) and will be compounded and credited to the account on statement cycle date. The minimum daily (collected) balance to accrue interest is $1,000.00. Accrued interest will be forfeited if you close your account (draw to a zero balance) before it is credited. Please contact the Bank for the current rate applicable to this account. Average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

You may write an unlimited amount of checks. You may make unlimited withdrawals from any ATM on the Star network. An excess foreign ATM fee of $1.00 will be charged for each foreign ATM transaction in excess of ten per monthly statement cycle. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

Personal Money Market

This is an interest-bearing account. To open this account, you must deposit a minimum of $100.00. Transactions on this account are limited by Federal Regulations. A transaction fee of $10.00 will be charged for each transaction over the Federal Regulations limit. The average daily (collected) balance required to avoid the monthly service charge is $2,000.00. If the average daily (collected) balance for your monthly statement cycle is below $2,000.00, a service charge of $10.00 will be assessed. The minimum daily (collected) balance to obtain the disclosed Annual Percentage Yield is $2,000.00. Itemized imaged statements and imaged checks are sent monthly.

This is a tiered variable rate account with competitive interest rates for each tier. All interest rates are subject to change at the Bank's discretion at any time.

  • Tier One $2,000.00 to $9,999.99
  • Tier Two $10,000.00 to $49,999.99
  • Tier Three $50,000.00 to $99,999.99
  • Tier Four $100,000.00 to $249,999.99
  • Tier Five $250,000.000+

We reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. This is a variable rate account, which means the interest rate and Annual Percentage Yield may change at the Bank's discretion at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account for each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) and will be compounded and credited to the account on statement cycle date.

The minimum daily (collected) balance to accrue interest is $1,000.00. Accrued interest will be forfeited if you close your account (draw to a zero balance) before it is credited. Please contact the Bank for the current rate applicable to this account. Average daily balance is determined by adding the full amount of principal in the account for each day of the period and dividing that figure by the number of days in the period.

You may make only six preauthorized, automatic, or telephone transfers or withdrawals per statement cycle, but only three may be payments by check, draft or debit card to third parties. Excessive transactions will cause this account to be changed to a transaction account.

You may make unlimited withdrawals from any ATM on the Star network. An excess foreign ATM fee of $1.00 will be charged for each foreign ATM transaction in excess of ten per month. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

Personal Savings Account

This is an interest-bearing account. To open this account, you must deposit a minimum of $100.00. The minimum daily (collected) balance required to avoid the monthly service charge and to obtain the disclosed Annual Percentage Yield is $500.00. If the minimum daily (collected) balance for your statement cycle is below $500.00, a service charge of $5.00 will be assessed and no interest will be paid. Transactions on this account are limited by Federal Regulations. A transaction fee of $2.00 will be charged for each debit transaction (ATM withdrawals included) in excess of six per month. You may make unlimited withdrawals from any ATM on the Star network. Itemized imaged statements are sent quarterly. An overdraft fee of $35.00 may be assessed to your account for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means, as applicable.

We reserve the right to require at least seven days written notice prior to withdrawal or transfer of any funds from this account. This is a variable rate account, which means the interest rate and Annual Percentage Yield may change at the Bank's discretion at any time. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account for each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks) and will be compounded and credited to the account on statement cycle date. Minimum balance to accrue interest is $100.00. Accrued interest will be forfeited if you close your account (draw to a zero balance) before it is credited. Accrual of non-cash deposits begins no later than the business day we receive credit for the deposit of non-cash items. Refer to the "Rate Sheet" for the interest rate and Annual Percentage Yield applicable to this account.

You may make only six preauthorized, automatic, or telephone transfers or withdrawals per statement cycle, but only three may be payments by debit card to third parties. Excessive transactions will cause this account to be changed to a transaction account.

Certificates of Deposit (COD)

This is an interest-bearing account. To open this account, you must deposit a minimum of $1,000.00.

The Annual Percentage Yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings. Interest is compounded and credited quarterly unless you request a different frequency or payment type. Interest begins to accrue on the day of your deposit. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. After the account is opened, you may not make deposits into the account until the maturity date. If you withdraw any principal before the maturity date, a penalty as shown on our Early Withdrawal Penalty Disclosure may be imposed. The bank is required by Regulation D to impose an early withdrawal penalty of at least seven days simple interest on amounts withdrawn within the first six days after deposit. Some exceptions may apply. The account will automatically renew at maturity for the same term at the then current rate. You will have ten (10) calendar days from the maturity date to withdraw funds without being charged a penalty. Interest will not be paid after maturity date. If you purchase a single maturity certificate, the account will not renew automatically and interest will not be paid after the maturity date.

Early Withdrawal Penalty Disclosure

Your account will mature according to the length of time selected at account opening. If you withdraw any of the principal before the maturity date, we impose a penalty as follows:

  • 7 days through 31 days — all interest that would have been earned on the amount withdrawn for the term of the deposit
  • 32 days through 12 months — 3 months' interest
  • 13 months through 36 months — 6 months' interest
  • 37 months through 60 months — 12 months' interest

Any of the above penalties may result in a reduction of the principal sum of the account affected. The penalty on a variable rate CD will be calculated based on the rate in effect on the date of withdrawal. At the time any deposit contract is entered into, renewed or extended, the deposit may not be withdrawn in whole or in part prior to maturity without the consent of the Bank except where the depositor has died or has been judicially declared mentally incompetent. In the event that the depositor has been declared incompetent, the Bank will be required to honor a request for withdrawal prior to maturity without penalty. In all other cases, withdrawal priory to maturity will be permitted only with the consent of the Bank and such consent may me given only at the time withdrawal is sought. CDs paid prior to maturity may require the endorsement of all depositors.

If this deposit is in a properly established "IRA" Plan, we will allow withdrawal within seven (7) days after establishment with forfeiture of all interest earned at the nominal (simple) interest rate being paid on the deposit.

Electronic Services Disclosures (Online Banking, Online Cash Management, and Online Bill Pay)

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