INTEREST BEARING CHECKING

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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.
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 ("IOLTAs"). 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.

MONEY MARKET DEPOSIT ACCOUNT

Minimum Opening Deposit $1500.00

Interest will be compounded monthly ans will be credited to the account monthly. The interest rate is variable and posted in the bank lobby. If the balance falls below $1,500.00, you will be assessed a monthly minimum balance fee of $10.00.

$4.00 for each debit transaction will be assessed over 6 per statement cycle.

• Free e-statements upon request (without check images), no paper statement is mailed
• Online bill-pay service: $.50 per bill payment

Returned check/deposited item: $5.00 per check or item.

Check images included in statement.

SAVINGS ACCOUNT

Minimum Opening Deposit $100.00

Interest will be compounded semi-annualy and will be credited to the account semi-annually. (Interest paid monthly on a single-system savings account with a checking account).

Interest rate is variable and is posted in the bank lobby.

$4.00 for each debit transaction over 6 per month. Statement mailed semi-annually. (Statement mailed monthly if you have a single-system savings account.)

• Free e-statements upon request (without check images), no paper statement is mailed

There will be a $4.00 minimum monthly balance fee if your average daily balance falls below $100.00.

You may elect to authorize an automatic savings transfer to your checking account. In the event that a debit(s) would overdraw your checking account, this savings account would transfer in $100.00 increments to your checking account and there would be a $3.00 charge per transfer.

Returned check/deposited item: $5.00 per check or item.

FERDERAL REGUALTIONS GOVERNING SAVINGS & MONEY MARKET TRANSACTION LIMITIATIONS
You may make six (6) transfers from your account during any month or statement cycle of at least four (4) weeks, if by preauthorized or automatic transfer, internet banking transfer, Telebanking transfer, or telephone transfer. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited. ATM transactions at non-SSB ATMs are limited to six (6) per statement cycle without charge.

Please see full TIS Disclosure for all account details.
 

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