WELCOME family TO THE - First Southern National Bank

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WELCOME family TO THE - First Southern National Bank
WELCOME
family
TO THE
A GUIDE FOR FIRS T NATIONAL BANK CUS TOMERS
Main Street | Stanford, Kentucky
Headquarters for First Southern National Bank
www.fsnb.net
Our Mission
FIR ST SOU T H ER N
is a team committed to:
• Affirming the dignity and value of all people
• Being responsible stewards
• Delivering more than is expected, and
• Making our communities better places in which to live
2
Table
OF CONT ENTS
2
Quick Facts at A Glance
3
About First Southern National Bank
4
Branch Locations and Contact Information
6
Welcome to Your New Account
8
What You Can Expect
9
Account Numbers, Checks and Deposit Slips
9
Debit and ATM Cards
9
Direct Deposits and Automatic Payments Related
to your Checking and Savings Accounts
10
Online Banking, Bill Pay and Mobile Banking
10
Account Statements
11
Certificates of Deposit (CDs) and
Individual Retirement Accounts (IRAs)
11
Wire Transfers
12
Frequently Asked Questions
14
Important Dates and Actions Required
16
Truth-in-Savings Disclosures
18
Schedule of Fees and Charges
20
Electronic Fund Transfers Disclosure
24
Funds Availability Disclosure
22
Additional Disclosures
26
Privacy Notice
Quick Facts
AT A GL A NCE
On January 30, 2015, First National Bank of Muhlenberg County was acquired by First
Southern National Bank. Since then, the bank has continued to operate under the First
National Bank name and we have been working to complete the integration of systems
and operations, scheduled to occur over the weekend of July 25, 2015.
On this date, First National Bank locations in Bremen, Central City and Greenville will
become First Southern National Bank branches and your accounts will become First
Southern National Bank accounts.
Until Friday, July 25, 2015
Please continue to use your First National Bank products and services as you normally do.
Continue to use your checks, debit cards, online and mobile banking and ATMs, visit your
branches and don’t hesitate to call on the friendly expertise of your knowledgeable First
National Bank bankers.
A Smooth Transition
The First Southern and First National Bank teams are working closely together to achieve
a smooth transition of your account relationship. As a First Southern National Bank
customer, you’ll continue to enjoy the same deposit account benefits and services you’re
used to, and you’ll gain access to additional products and services, not to mention more
branch locations staffed with friendly bankers to serve your needs.
Conversion Weekend: Saturday, July 25, 2015
First National Bank branches will close at 4 p.m. on Friday, July 24 to begin the
transition of your accounts to First Southern National Bank. During conversion weekend,
you will be able to use your First National Bank Debit and ATM cards to make purchases
and at First National ATMs until 9 p.m. Saturday, July 25. You will be able to use your
new First Southern Visa® ATM/Debit card on Monday, July 27.
First National Bank Online and Mobile Banking services will no longer be available
after close of business on Friday, July 24. You will gain access to your accounts via First
Southern’s Online Banking and Mobile Banking apps on Monday, July 27.
2
About
FIR ST SOU T H ER N NAT IONA L BA NK
Welcome to the First Southern Family! First Southern National Bank is a wholly-owned
subsidiary of First Southern Bancorp, a privately-owned bank holding company with its
oldest bank charter dating back to 1865. From our earliest days, First Southern has been
owned solely by our team members and directors. In the last 32 years, we’ve grown to
nearly $700 million in assets and we proudly employ nearly 200 talented team members.
OUR PURPOSE
We will use our example,
our influence and our resources
to make wise financial decisions.
First Southern has its roots in Kentucky’s small towns and cities, and we’re investing in
them every day. No matter how much we grow, we know we can’t afford to forget where
we came from. First Southern headquarters is—and always will be—in the small town of
Stanford, Ky., population 4,000.
Our passion for building a great company has never been stronger. It is not business
success, wealth or recognition that drives us. We simply recognize that we have been
given a platform of influence in the lives of others and we want to make the most of it by
helping others make wise financial decisions. Our desire is to add value in ways that go
beyond dollars and cents. In the coming weeks and months, we want to share with you our
passion for generosity, exceptional service, personal growth, strong local relationships, and
excellence in all we do.
The acquisition of First National Bank was an excellent opportunity to combine two
well-respected Kentucky community banks that share values and a deep commitment to
our customers and local communities. This merger will allow us to serve you with more
resources and proven stability, preserving the spirit of community banking in Muhlenberg
County and throughout central and western Kentucky.
We have prepared this resource to help you discover more about First Southern National
Bank and to share some very important information about the transfer of your accounts
and services. Please take time to read it carefully.
You have access to several resources as we enter into this conversion and transition period.
Please contact our team in whichever way is most convenient for you.
Visit any branch office
Call 270-754-3300
Visit www.fnbmc.com or www.fsnb.net/welcome
E-mail us at [email protected]
We extend to you a very warm welcome to the family and look forward to serving you for
many years to come.
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Branch Locations
& CONTAC T I NFOR M AT ION
Caldwell County
Lincoln County
Princeton, Main Office
101 West Washington Street
270-365-3545
Hustonville
9860 Main Street
606-346-4921
Princeton Branch
1013 West Main Street
270-365-5151
Stanford, Main Street
102 West Main Street
606-365-2137
Fayette County
Stanford, Vincent Drive
103 Vincent Drive
606-365-3181
Lexington
3060 Harrodsburg Road
859-223-3743
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BRANCHES
11
in
COUNTIES
Garrard County
Lancaster
27 Public Square
Bethel
88 South Bethel Street
270-726-5650
859-792-2134
Madison County
Jessamine County
Richmond
894 Richmond Plaza
859-623-7199
Nicholasville
204 Fairfield Drive
859-885-1222
Wilmore
201 East Main Street
859-858-0254
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Logan County
Local Branches
Muhlenberg County
Warren County
Bremen
4815 North Main Street
270-525-6654
Bowling Green
1214 Ashley Circle
270-781-6872
Central City
130 West Broad Street
270-754-3300
Wayne County
Greenville
401 North Main Street
270-338-3505
Monticello, Main Office
100 North Main Street
606-348-8421
Monticello, Town & Country Branch
1195 North Main Street
606-348-5937
Pulaski County
Somerset
15 North Highway 27
606-677-2707
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Welcome
TO YOU R NEW AC COU NT
The First Southern and First National Bank teams are working closely together to
achieve a smooth transition of your account relationships. As a First Southern National
Bank customer, you’ll continue to enjoy the same deposit account benefits and
services you’re used to, and you’ll gain access to additional products and services.
The table below outlines the changes to existing accounts. Account changes will
be effective July 25, 2015.
Account Changes—effective July 25, 2015
Customers in the following account
types will not change:
• Regular Checking—Consumer
• Regular Checking—Business
• Hometown Direct Advantage
• Sweep Account
• Christmas Clubs
OLD ACCOUNT NAME
NEW ACCOUNT NAME
Convenience First Now
now Choice Checking
Hometown Banking—Basic
now Choice Checking
Hometown Family Now
now Choice Checking
Hometown Now
now Choice Checking
Nifty Fifty NOW
now Choice Checking
Nifty Fifty Plus NOW
now Choice Checking
Now Account
now Choice Checking
Prime Time Checking
now Choice Checking
Student Checking
now Choice Checking
Hometown Banking Plus
now First Class Checking
Savings
now Statement Savings
Student Savings
now Statement Savings
DINO Savings
now Statement Savings
Money Market Deposit Account
(MMDA)—Business
6
now Money Market
Money Market Deposit Account (MMDA)
now Money Market
Money Market Plus
now Money Market
About Choice Checking
Choice Checking is First Southern’s most popular checking account. It is loaded with
the traditional services you expect and the flexibility to add only the extra services you
need. Choice Checking has unlimited check-writing privileges and there is no balance fee
unless your balance falls below $500, at which time the fee is $7.95 per month. If you are
a student, active-duty military, veteran or age 55 or older, we are happy to waive this
fee for you, just give us a call at 270-754-3300.
Choice Checking includes Many Benefits You’ll Appreciate
• Free Visa® Debit Card
• Free Budget Coaching and True Balance® resources
• Special flat-rate pricing on standard check orders
• Balances of $2,500 or more will earn interest
• Free Mobile Banking with Mobile Deposit (wireless carrier fees may apply)
• Free Online Banking with Bill Pay
• Free Online Statements
• Free Round-Up Savings
Optional Services You Can Choose
With your new account, you may be eligible for Special Overdraft Protection Service—
because sometimes the inevitable happens, an overdraft occurs and you need to make
sure your payments are covered (fees are based on usage). Choice Checking customers
can also choose to take advantage of optional extra services like 24-hour Roadside
Assistance, Identity Restoration and Accident Insurance, each offered for a small
additional monthly fee.
If You Have Questions
It is easy to see why Choice Checking is First Southern’s most popular account;
however, we do have other account options if you feel Choice Checking is not right for
you. For more information, please call 270-754-3300, or stop by any branch.
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What
YOU CA N EX PEC T
By joining the First Southern family,
here are a few things you can look forward to:
• 18 branches in central and western Kentucky
• 17 ATMs to serve you seven days a week
• Enhanced Online Banking and Bill Pay
• Mobile Banking with Mobile Deposit
• Special Overdraft Protection Service
• Account extras like Roadside Assistance, Identity Restoration and Accident Insurance
• Online Statements
• Access to free True Balance® financial health resources
• Free access to SimpleView, an online personal financial management system
• www.fsnb.net—a website optimized for mobile experiences
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Account Numbers, Checks and Deposit Slips
In advance of July 24, please
review any recurring automatic
payments or deductions you have
on your current First National
Bank debit card and notify payees
in advance to use your new First
Southern National Bank Visa® Debit
card and card number, effective on
Monday, July 27.
• Your account numbers will remain the same unless you are one of
a small few whom we have already contacted.
• You may continue to use your current supply of checks and deposit slips
until you run out or until July 2016, whichever comes first.
• When you are ready to reorder new checks, you can do so by visiting our website,
www.fsnb.net, or by calling your local branch. If you wish to order checks through
another provider, please provide First Southern’s ABA routing number 042102403
to ensure correct processing.
Debit and ATM Cards
Your current First National Bank
Debit or ATM card will no longer be
valid after 9 p.m. on Saturday, July 25.
If you currently have a First National Bank ATM / Debit card, you will be sent a
new First Southern National Bank Visa® ATM / Debit card to replace your current card
the week of July 20.
• A separate mailing with a Personal Identification Number (PIN) will also be sent to you.
If you use a merchant Online Bill
Payment service to directly debit your
account, please update your account
information using First Southern
National Bank’s ABA routing number
042102403.
All recurring First National Bank
MasterCard® Debit card payments
you have set up will not automatically
transfer. You will need to reestablish
these payments using your new 16-digit
First Southern National Bank Visa®
Debit card number.
•P
lease do not use your new First Southern National Bank Visa® ATM/Debit
card until Monday, July 27. On this date, your card will be automatically activated
and ready to use.
• If you have automatic payments connected to your debit card, you will need to update
those with your new card number when your new card arrives.
Direct Deposits and Automatic Payments
Related to your Checking and Savings Accounts
• To help make the transition of your accounts as seamless as possible, any electronic
direct deposits or automatic payments you have processed through your First National
Bank checking and/or savings account will transfer automatically to your First Southern
checking and/or savings account.
• To aid in this transition, and to ensure uninterrupted service, First Southern will notify
agencies, organizations and other third parties from whom you receive direct deposits or
to whom you direct automatic payments. We will provide them with a notice of change
to First Southern National Bank’s ABA routing number 042102403.
• The transfer of your checking and/or savings direct deposits and automatic payments to
First Southern will be automatic. No action is required for this to take place.
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Online Banking, Bill Pay and Mobile Banking
• If you use First National Bank’s Online Banking and Bill Pay service, your information
and access will automatically transfer to First Southern National Bank the weekend
of July 25.
• As we convert our system, Online Banking services will not be available beginning
Friday, July 24 at 3:30 p.m.
• First National Bank Bill Pay services will no longer be available after Friday, July 17.
• Any bills scheduled to process from July 17–July 26 will be paid as scheduled;
however, bills scheduled to process July 27, 28 and 29 will be delayed.
First National Bank Online Banking
will no longer be available after
Friday, July 24 at the close of the
business day. You will have access
to First Southern’s Online Banking
services on Monday, July 27.
Please do not add new payees or
schedule new payments using First
National Bank’s Online Banking
service after Friday, July 17.
• Your existing Bill Pay payees and scheduled recurring payments that are in place
on Friday, July 17 will automatically convert to First Southern’s service on Monday,
July 27 and continue as usual.
• Bill Pay payees will be converted; however, previous payments and payment history
will not. For your convenience, you may want to save payment history for reference.
• First National Bank’s Mobile Banking app will no longer work after July 17. You may
download First Southern National Bank’s Mobile Banking app from iTunes or Google
Play at any time. You will be able to log in to password protected sections of First
Southern’s Mobile Banking app once you have completed your initial Online Banking
login on or after July 27. Additional instructions will be e-mailed to you at a later date.
• On Monday, July 27, you will have access to your Online Banking and Bill Pay at
First Southern National Bank. Access your accounts at www.fsnb.net.
• You will receive separate, detailed instructions via e-mail with timelines related
to the transition of your Online Banking and Bill Pay services, action steps you need
to take, and instructions for first-time login after the conversion.
Account Statements
Please do not schedule internal
transfers to complete on or after
Wednesday, July 22 at or after the
close of the business day.
• Your final statement from First National Bank will include activity since your last
statement, and any interest posted to your accounts, through Friday, July 24. Your next
statement will be from First Southern National Bank and will include all activity from
Saturday, July 25 forward.
• With the exception of the final First National Bank statement, you will continue
to receive your account statements on the same mailing cycle as always.
• If you currently receive a combined statement and/or online statement, you will
continue to do so after the conversion.
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Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs)
• All CDs and IRAs will be transferred to First Southern. All rates, terms and conditions
offered by First National Bank will be honored to maturity.
• Certificates of Deposit and IRAs will continue to auto renew. However, before your
existing CD or IRA matures, we will mail you a renewal notice.
Wire Transfers
Local bank team members will continue to handle all incoming and outgoing wire
transfers; however, the bank name should be First Southern National Bank and First
Southern’s ABA routing number should be used: 042102403. Cutoff time for outgoing
wire transfers to be sent the same day is 2 p.m.
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Frequently
ASK ED QU E ST IONS
Why has First Southern National Bank
acquired First National Bank?
Our goal is to join forces to create a stronger community bank
for you. In addition, the merger provides the added convenience
of more bank and ATM locations and additional products and
services. It is no accident that the similar culture and values of
both organizations make our teams a great fit.
Will I call the same number for local branches?
Yes. The branch phone numbers will not change, nor will the
direct dial numbers for the bank team members. You can reach
our Bremen team by calling 270-525-6654, our Central City
team by calling 270-754-3300, and our Greenville team by
calling 270-338-3505.
Will I have access to ATMs during the conversion weekend?
How will the bank merger impact me as a customer of
First National Bank?
We are working toward a seamless transition. You should see
minimal changes to your day-to-day banking. However, you
will have access to a variety of new First Southern products and
services when applying for a new loan, opening a new account,
or establishing any other bank product or service in the future.
Yes. You will have access to First National Bank ATMs until
9 p.m. on Saturday, July 25. On Monday, July 27, you will
have access to those same ATMs, in addition to 15 other First
Southern National Bank ATMs, using your new First Southern
Visa® ATM / Debit card. Your new card will automatically
activate and be ready for use on Monday, July 27.
Will I still have access to the Telephone Banking service?
Will the bank name change?
Yes. The most obvious change you will notice will be the new
bank name, First Southern National Bank. While a new name is
a big change, most other things will remain the same—like where
you bank and the bankers you know and trust.
Who will be leading the bank?
Lanie Gardner will serve as our Community President in
Muhlenberg County. We understand the importance of Lanie’s
leadership and we are thrilled that she will remain an active part
of this organization. She has already become a valuable member
of the First Southern leadership team.
Will the First National Bank branches stay open
after the conversion?
Yes. Branches in Bremen, Central City and Greenville will open
for business as First Southern National Bank branches at 8:30
a.m. on Monday, July, 27. Branch hours will remain the same.
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Yes. You can still access account information by calling the
same Telephone Banking number as always: 800-780-8594
or 270-754-2233.
Will my accounts be insured?
All deposits at First National Bank will continue to be
insured separately by the FDIC for at least six months after
the conversion date. All time deposits (Certificates of
Deposit and IRAs) opened at First National Bank prior to
July 25, 2015 will be insured up to the maturity date. All
accounts at First Southern National Bank are also insured up
to the maximum coverage outlined by the Federal Deposit
Insurance Corporation (FDIC).
What is the interest rate on my account if I currently have
an interest-bearing account?
All CD and IRA rates will remain the same. If you have an
interest-bearing checking account or savings account, you may
contact the branch at 270-754-3300 for the current interest rate.
If I currently have an interest-bearing account, how will
the interest I’ve earned be handled?
No loss of interest will occur. The interest earned on your
First National Bank account will be paid through Friday,
July 24. Your account will begin accruing interest at First
Southern National Bank on Saturday, July 25. Interest on
First Southern checking accounts is compounded monthly
and credited monthly. Interest on First Southern savings
accounts is compounded quarterly and credited quarterly.
What will happen to my Safe Deposit Box?
All current terms and conditions will continue to apply for all
Safe Deposit Boxes.
What will happen to my loan after the conversion?
All current loan rates, terms and conditions will
continue to apply.
Where do I make my loan payments after the July 25?
You may continue to make payments at local branches in
person or by mail; however, it will be necessary to make checks
payable to First Southern National Bank. If you make your
monthly payment with a loan coupon book, you can continue
to use the same booklet for the life of the loan. If you make your
payment using a monthly statement, your new First Southern
National Bank loan statement will provide information going
forward. Automatic payments will transfer without interruption
and will occur on the same schedule.
Will my account fees change?
Fees for deposit accounts may change. A list of current fees is
available any time upon request. A schedule of fees associated
with your account is located in this booklet for reference.
What is First Southern’s policy on privacy?
First Southern maintains physical, electronic and procedural
safeguards to ensure your non-public information remains
secure. Our privacy policy may be found online at
www.fsnb.net/privacy, and also in the back of this booklet.
What will happen to my Christmas Club account?
All current terms and conditions will continue to apply for
your Christmas Club account; however, when the account pays
out in October, you will need to contact us to open a
new Christmas Club account.
Will the bank still sponsor GospelFest Live?
Absolutely, yes. GospelFest has become an event our team and
the community looks forward to each year and we are proud
to continue to carry on that tradition. The date for this year’s
GospelFest Live is September 2 and admission is still free! The
concert begins at 6 p.m. on the corner of First and Broad in
downtown Central City.
What about the Nifty Travelers Club trip planned
for September?
The Savannah, Georgia Adventure scheduled for
September 21-25 is still on!
Who do I call if I have questions about my account or details
about the bank name change?
You can still call the same friendly, knowledgeable local team
members you’ve grown to know and trust for years. While the
bank name may be changed, the faces you see will stay the same.
You can also access information on First Southern’s Website at
www.fsnb.net. Information specific to the conversion and bank
name change may be found at www.fsnb.net/welcome.
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Important Dates
A ND AC T IONS R EQU IR ED
SERVICE
IMPORTANT DATES
Checks and
Deposit Slips
Debit / ATM Card
Saturday, July 25: First National
Bank Debit and ATM cards may
be used until 9 p.m. Thereafter,
First National Bank cards will no
longer be valid.
Monday, July 27: Begin using your
new First Southern National Bank
Visa® Debit / ATM card anywhere
Visa® is accepted and destroy
your old First National Bank card.
Online Banking
and Bill Pay
Friday, July 17: New payees / bill
payment requests may no longer
be added or scheduled on First
National Bank Online Banking.
Internal transfers cannot be
scheduled to complete on or after
Friday, July 17.
Friday, July 24 at the close of the
business day: First National Bank
Online Banking will no longer be
available.
Monday, July 27: Your First
National Bank Online Banking and
Bill Pay service has automatically
transferred to First Southern
National Bank. You now have
access to First Southern’s Online
Banking and Bill Pay services.
14
WHAT YOU CAN EXPECT
WHAT YOU NEED TO DO
You can continue to use
your existing First National Bank
checks and deposit slips and
replace them with First Southern
checks once you
run out.
No need to do anything now
unless your check supply is
running low. If you are ready to
reorder, please contact the local
branch or order online at
www.fsnb.net. If you order checks
elsewhere, new checks will need
to include First Southern’s ABA
routing number 042102403.
Week of July 20: Your new First
Southern National Bank Visa®
Debit/ATM card and PIN will be
mailed to you the week of July 20.
Your card and PIN will arrive in
separate mailings.
Your First Southern National
Bank Visa® Debit / ATM card
will automatically be activated
Monday, July 27. No need to call
the bank to activate.
Please destroy your First National
Bank card(s) on Sunday, July 26.
If you do not receive your First
Southern National Bank Visa®
Debit / ATM card and PIN
by July 24, please call us at
270-754-3300.
You will receive an Online Banking
Guide via e-mail that will detail
first-time login information and
everything else you need to know
about the Online Banking and Bill
Pay transition.
Please read this guide carefully
and keep it in a safe place. Also
visit www.fsnb.net/welcome to
view this information. Call us
at 270-754-3300 if you have any
questions.
Prior to Friday, July 24: For your
convenience, you may want to
save you Bill Pay payment history
for future reference.
On Monday, July 27, you will
have access to First Southern’s
Online Banking and Bill Pay
service. You will receive
detailed login instructions
via e-mail in July. Instructions
will also be available on
www.fsnb.net/welcome.
Once logged in, please check your
payees and internal transfers using
the account history you previously
printed out.
SERVICE
Mobile Banking
IMPORTANT DATES
WHAT YOU CAN EXPECT
WHAT YOU NEED TO DO
Friday, July 24: Your First National
Bank Mobile Banking app will no
longer be available.
Information about Mobile Banking
is available at www.fsnb.net.
Monday, July 27: To access Mobile
Banking, simply download the
First Southern National Bank
app from iTunes or Google Play.
Follow the instructions you
receive in your Online Banking
User Guide to log in. Instructions
will also be available on
www.fsnb.net/welcome.
To aid in this transition, and to
ensure uninterrupted service, First
Southern will notify agencies,
organizations and other third
parties from whom you receive
direct deposits or to whom you
direct automatic payments. We
will provide them with a notice of
change to First Southern National
Bank’s ABA routing number
042102403.
There should be no action
required by you to effect the
transfer of your checking and/or
savings account direct deposits
and automatic payments to First
Southern National Bank.
Monday, July 27: You now have
access to Free Mobile Banking
with First Southern National Bank.
Wireless carrier fees may apply.
Telephone Banking
Friday, July 24: You may complete
most routine transactions using
First National Bank’s TeleBanc
service until the close of the
business day. Telephone Banking
will be temporarily unavailable
the weekend of July 25-26.
Monday, July 27: You will have
access to your accounts using
First Southern National Bank’s
Telephone Banking service by
calling 800-780-8594 or
270-754-2233
Direct Deposit
and Automatic
Payments
Monday, July 27: In an effort to
make the transition as seamless
as possible, any electronic direct
deposits and/or automatic
payments you have processed
through your First National Bank
checking and/or savings account
will transfer automatically.
We will contact you if any action
on your part is required.
15
Truth-in-Savings
DISCLOSU R E S
Choice Checking Account
Rate Information. Your interest rate and annual percentage
yield may change.
Frequency of rate changes. We may change the interest rate on
your account every day. If you would like more current rate and yield
information please call us at 866-602-3762.
Determination of rate. At our discretion, we may change the interest
rate on your account.
Minimum balance to obtain the annual percentage yield disclosed.
You must maintain a minimum balance of $2,500.00 in the account
each day to obtain the disclosed annual percentage yield.
Daily balance computation method. 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.
Accrual of interest on noncash deposits. Interest begins to accrue no
later than the business day we receive credit for the deposit of noncash
items (for example, checks).
Compounding and crediting frequency. Interest will be compounded
every month. Interest will be credited to your account every month.
Statement Savings Account
Effect of closing an account. If you close your account before interest is
credited, you will receive the accrued interest.
Rate Information. Your interest rate and annual percentage
yield may change.
Minimum balance to open the account. You must deposit $250.00 to
open this account.
Frequency of rate changes. We may change the interest rate on
your account every day. If you would like more current rate and yield
information please call us at 866-602-3762. We reserve the right to
at any time require not less than 7 days notice in writing before any
withdrawals from an interest bearing account.
Minimum balance to avoid imposition of fees. A balance fee of $7.95
will be imposed every statement cycle if the balance in the account falls
below $500.00 any day of the statement cycle.
Determination of rate. At our discretion, we may change the interest
rate on your account.
16
Compounding and crediting frequency. Interest will be compounded
every quarter. Interest will be credited to your account every quarter.
Effect of closing an account. If you close your account before interest is
credited, you will receive the accrued interest.
Minimum balance to open the account. You must deposit $100.00
to open this account.
Minimum balance to avoid imposition of fees. A balance fee of $3.00
will be imposed every month if the balance in the account falls below
$100.00 any day of the calendar month. Students are exempt from the
Minimum Balance Fee up to the age of 19.
Daily balance computation method. 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.
Accrual of interest on noncash deposits. Interest begins to accrue on
the business day you deposit noncash items (for example, checks).
Transaction limitations: Transfers from a Statement Savings account
to another account or to third parties by preauthorized, automatic,
telephone, or computer transfer are limited to six (6) per calendar
month with no transfers by check, draft, debit card, or similar order to
third parties.
Minimum balance to avoid imposition of fees. A balance fee of $15.00
will be imposed every statement cycle if the balance in the account falls
below $2,500.00 any day of the statement cycle.
Daily balance computation method. 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.
Accrual of interest on noncash deposits - Interest begins to accrue
no later than the business day we receive credit for the deposit of
noncash items (for example, checks).
Transaction limitations: Transfers from a Money Market account
to another account or to third parties by preauthorized, automatic,
telephone, or computer transfer or by check, draft, debit card, or similar
order to third parties are limited to six (6) per statement cycle.
First Class Checking Account
Rate Information. Your interest rate and annual percentage
yield may change.
Frequency of rate changes. We may change the interest rate on
your account every day. If you would like more current rate and yield
information please call us at 866-602-3762.
Money Market Account
Determination of rate. At our discretion, we may change the interest
rate on your account.
Rate Information. The interest rate and annual percentage yield for your
account depend upon the applicable rate tier. Tiers are as follows:
Compounding and crediting frequency. Interest will be compounded
every month. Interest will be credited to your account every month.
$50,000 +
$25,000 to
$49,999.99
$10,000 to
$24,999.99
$0 to
$9,999.99
Your interest rate and annual percentage yield may change.
Frequency of rate changes. We may change the interest rate on
your account every day. If you would like more current rate and yield
information please call us at 866-602-3762. We reserve the right to
at any time require not less than 7 days notice in writing before any
withdrawals from an interest bearing account.
Determination of rate. At our discretion, we may change the interest
rate on your account.
Compounding and crediting frequency. Interest will be compounded
every month. Interest will be credited to your account every month.
Effect of closing an account. If you close your account before interest
is credited, you will receive the accrued interest.
Minimum balance to open the account. You must deposit $2,500.00
to open this account.
Effect of closing an account. If you close your account before interest
is credited, you will receive the accrued interest.
Minimum balance to open the account. You must deposit $250.00
to open this account.
Minimum balance to obtain the annual percentage yield disclosed.
You must maintain a minimum balance of $2,500.00 in the account
each day to obtain the disclosed annual percentage yield.
Daily balance computation method. 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.
Accrual of interest on noncash deposits. Interest begins to accrue no
later than the business day we receive credit for the deposit of noncash
items (for example, checks).
Note: First Class customers will receive a separate mailing with
Roadside Assistance information and Accident Insurance Policy.
17
Schedule of Fees
A ND CH A RGE S
The fees and charges below apply to all First Southern National Bank accounts, effective July 25, 2015, unless otherwise noted.
NEW SCHEDULE OF FEES & CHARGES
FORMER FEE NAMES AND CHARGES FOR REFERENCE
ATM/Debit Card Replacement Fee
$ 5.00
ATM Debit Card Replacement (lost)
$ 5.25
ATM transaction at non-FSNB ATM
$ 2.00
ATM Foreign Fee (other bank ATM’s)
$ 2.00
ATM mini statement
$ 0.25
ATM Reissue of PIN
$ 3.00
ATM Reissue of Pin
Charged Back Check Fee (per item)
$10.00
Check Collection Processing Fee
(Returned Deposited Item)
Dormant Account Fee (per month)
(balance less than $500 for 365 days or more)
$ 5.00
Dormant Account Charge
(inactive for 6 months)
$5.50
Continuous Overdraft Fee
(per day after 4th consecutive business day)
$ 5.00
Daily Overdraft Fee
(after each 24 hour period)
$ 6.00
*Overdraft Fee (per item)
$32.00
*Overdraft (per debit item)
$30.00
*Return Item Fee (per item)
$32.00
*Return Item Fee (per debit item)
$30.00
Special Statement
$ 5.00
Statement Reprints
$ 5.00
Stop Payment Fee (per item)
$32.00
Stop Payment (per item)
$30.00
Stop Payment (per series of items)
$45.00
Transfer Protection Fee (per transfer)
$ 5.00
Linked Account Transfer Fee
$5.00
$2.00
xcessive Transaction Fee
E
(per transaction over 3 for each 4 week or similar period)
for Savings, Student Savings and
DINO Savings accounts
$3.00
Excessive Debit Fee
(per withdrawal in excess of 3 per month)
for Statement Savings accounts
Excess Debit / Check Fee
(per debit item in excess of 6 per statement cycle)
for Money Market accounts
$10.00
Monthly Account Fee
for First Class Checking accounts
$9.95
$10.00
Excessive Transaction Fee
(per transaction over 2 per statement cycle)
for Money Market Plus Accounts
$20.00
xcessive Transaction Fee
E
(per transaction over 3 per statement cycle)
for Money Market Deposit Accounts
$3.00
Membership Fee
for Hometown Family Checking
$10.00
*Fee applies to overdrafts “created by check, in person withdrawal, ATM withdrawal, or other electronic means,” as applicable.
18
$3.00
19
ELEC T RONIC
Fund Transfers
DISCLOSU R E
YOUR RIGHTS AND RESPONSIBILITIES
This disclosure only applies to consumer accounts used primarily for
personal, family or household purposes.
Indicated below are types of Electronic Fund Transfers we are capable of
handling, some of which may not apply to your account. Please read this
disclosure carefully because it tells you your rights and obligations for
the transactions listed. You should keep this notice for future reference.
Electronic Fund Transfers Initiated By Third Parties—You may
authorize a third party to initiate electronic fund transfers between
your account and the third party’s account. These transfers to make or
receive payment may be one-time occurrences or may recur as directed
by you. These transfers may use the Automated Clearing House (ACH)
or other payments network. Your authorization to the third party to
make these transfers can occur in a number of ways. For example, your
authorization to convert a check to an electronic fund transfer or to
electronically pay a returned check charge can occur when a merchant
provides you with notice and you go forward with the transaction
(typically, at the point of purchase, a merchant will post a sign and
print the notice on a receipt). In all cases, these third party transfers will
require you to provide the third party with your account number and
bank information. This information can be found on your check as well
as on a deposit or withdrawal slip. Thus, you should only provide your
bank and account information (whether over the phone, the Internet,
or via some other method) to trusted third parties whom you have
authorized to initiate these electronic fund transfers. Examples of these
transfers include, but are not limited to:
• Preauthorized credits. You may make arrangements for certain direct
deposits to be accepted into your checking or savings account(s).
• Preauthorized payments. You may make arrangements to pay certain
recurring bills from your checking or savings account(s).
• Electronic check conversion. You may authorize a merchant or other
payee to make a one-time electronic payment from your checking account
using information from your check to pay for purchases or pay bills.
• Electronic returned check charge. You may authorize a merchant or
other payee to initiate an electronic funds transfer to collect a charge in
the event a check is returned for insufficient funds.
Telephone Transfers—types of transfers—You may access your
account by telephone 24 hours a day (see list of phone numbers at end
of Electronic Funds Transfer section) using your personal identification
number, a touch tone phone, and your account numbers, to:
• transfer funds from checking to savings
• transfer funds from savings to checking
• make payments from checking or savings to loan accounts with us
• get information about:
- the account balance of checking account(s)
20
- the account balance of savings account(s)
- report lost/stolen Visa® Check Cards
ATM Transfers—types of transfers, dollar limitations, and charges—
You may access your account(s) by ATM using your Visa® Check Card
and personal identification number, to:
• make deposits to checking or savings account(s)
• get cash withdrawals from checking account(s)
- you may withdraw no more than $500.00 per day
- fee may be applicable per transaction at ATMs we do not own or
operate. Refer to your separate fee schedule in this booklet.
• get cash withdrawals from savings account(s)
- you may withdraw no more than $500.00 per day
- fee may be applicable per transaction at ATMs we do not own or
operate. Refer to your separate fee schedule in this booklet.
• transfer funds from savings to checking account(s)
• transfer funds from checking to savings account(s)
• get checking account(s) information
• get savings account(s) information
• print mini-statements, refer to your separate fee schedule for amount
of fees in this booklet.
Some of these services may not be available at all terminals.
Types of Visa® Check Card Point-of-Sale Transactions—You may
access your checking or money market account(s) to purchase goods
(in person, online, or by phone), pay for services (in person, online, or
by phone), get cash from a merchant, if the merchant permits, or from
a participating financial institution, and do anything that a participating
merchant will accept.
Point-of-Sale Transactions— dollar limitations—Using your card:
• you may not exceed $1,500.00 in transactions per day in Signature
based transactions and $1,500.00 per day in PIN based transactions
Currency Conversion and International Transactions—
(a) For point-of-sale (merchant) transactions. When you use your
Visa® Check Card for this type of transaction and it settles in a
currency other than US Dollars, the charge will be converted into the
US Dollar amount. The currency conversion rate used to determine
the transaction amount in US Dollars is either a rate selected by Visa
from the range of rates available in wholesale currency markets for the
applicable central processing date, which rate may vary from the rate
Visa itself receives, or the government-mandated rate in effect for the
applicable central processing date. The conversion rate in effect on the
processing date may differ from the rate in effect on the transaction
date or posting date.
Visa USA charges us a .80% (80 basis points) International Service
Assessment on all international transactions if there is no currency
conversion. If there is a currency conversion, the International Service
Assessment is 1% of the transaction. As a result, we will charge you a
.80% (80 basis points) international transaction fee on all international
transactions if there is no currency conversion. If there is a currency
conversion, we will charge you an international transaction fee of 1% of
the transaction. An international transaction is a transaction where the
country of the merchant is outside the USA.
(b) For ATM transactions using Cirrus, MasterCard or Maestro
network. When you use your Visa® Check Card for this type of
transaction and it settles in a currency other than US Dollars,
MasterCard/Cirrus will convert the charge into a US Dollar amount. The
MasterCard/Cirrus currency conversion procedure includes use of either
a government-mandated exchange rate, or a wholesale exchange rate
selected by MasterCard/Cirrus. The exchange rate MasterCard/Cirrus
uses will be a rate in effect on the day the transaction is processed. This
rate may differ from the rate in effect on the date of purchase or the
date the transaction was posted to your account.
MasterCard/Cirrus charges us a Currency Conversion Assessment of
20 basis points (.20% of the transaction) for performing the currency
conversion. In addition, MasterCard/Cirrus charges us an Issuer CrossBorder Assessment of 90 basis points (.90% of the transaction) on
all cross-border transactions regardless of whether there is a currency
conversion. As a result, we will charge you a currency conversion fee of
.20% of the transaction if there is a currency conversion and a crossborder transaction fee of .90% of the transaction. The cross-border
transaction fee is charged on all cross-border transactions regardless of
whether there is a currency conversion. A cross-border transaction is a
transaction processed through the Global Clearing Management System
or the MasterCard Debit Switch in which the country of the merchant is
different than the country of the cardholder.
Advisory Against Illegal Use. You agree not to use your card(s) for
illegal gambling or other illegal purpose. Display of a payment card logo
by, for example, an online merchant does not necessarily mean that
transactions are lawful in all jurisdictions in which the cardholder may
be located.
Non-Visa Debit Transaction Processing. We have enabled non-Visa debit
transaction processing. This means you may use your Visa® Check Card
on a PIN-Debit Network* (a non-Visa network) without using a PIN.
The non-Visa debit network(s) for which such transactions are enabled
are: NYCE and PULSE Networks.
Examples of the types of actions that you may be required to make to
initiate a Visa transaction on your Visa® Check Card include signing a
receipt, providing a card number over the phone or via the Internet, or
swiping the card through a point-of-sale terminal.
Examples of the types of actions you may be required to make to
initiate a transaction on a PIN-Debit Network include initiating a
payment directly with the biller (possibly via telephone, Internet, or
kiosk locations), responding to a logo displayed at a payment site and
choosing to direct payment through that network, and having your
identity verified using known information derived from an existing
relationship with you instead of through use of a PIN.
The provisions of your agreement with us relating only to Visa
transactions are not applicable to non-Visa transactions. For
example, the additional limits on liability (sometimes referred to as
Visa’s zero-liability program) and the streamlined error resolution
procedures offered on Visa debit card transactions are not applicable to
transactions processed on a PIN-Debit Network.
*Visa Rules generally define PIN-Debit Network as a non-Visa debit
network that typically authenticates transactions by use of a personal
identification number (PIN) but that is not generally known for having a
card program.
Computer Transfers—types of transfers—You may access your
account(s) by computer through the internet by logging onto our
website at www.fsnb.net and using your user identification and
password, to:
• transfer funds from checking to savings
• transfer funds from Bank to Bank
• transfer funds from savings to checking
• make person to person (P2P) payments from your checking or savings
account(s)
• make payments from checking or savings to loan account(s) with us
• make payments from checking to third parties via Bill Pay product
• get checking account(s) information
• get savings account(s) information
• get loan account(s) information
• get CD/IRA account(s) information
• turn your Visa® Check Card on and off
Mobile Banking Transfers—types of transfers—You may access your
account(s) through the browser on your cell or mobile phone at www.
fsnb.net or by downloading our mobile banking app and using your user
identification and password, to:
• transfer funds from checking to savings
• transfer funds from Bank to Bank
• transfer funds from savings to checking
• make person to person (P2P) payments from your
checking or savings account(s)
• make payments from checking or savings to loan account(s) with us
21
• make payments from checking to third parties via Bill Pay product
• get information about:
• get checking account(s) information
• get savings account(s) information
• get loan account(s) information
• get CD/IRA account(s) information
• turn your Visa® Check Card on and off
• deposit checks to your checking or savings account(s)
(Limits are per user sign-on)
- $2,500.00 aggregate daily limit applies
- $10,000.00 aggregate calendar monthly limit applies
You may be charged access fees by your cell phone provider based on
your individual plan. Web access is needed to use this service. Check
with your cell phone provider for details on specific fees and charges.
FEES
• We do not charge for direct deposits to any type of account.
• We do not charge for preauthorized payments from
any type of account.
Except as indicated elsewhere, we do not charge for these electronic
fund transfers.
ATM Operator/Network Fees. When you use an ATM not owned by
us, you may be charged a fee by the ATM operator or any network used
(and you may be charged a fee for a balance inquiry even if you do not
complete a fund transfer).
DOCUMENTATION
• Terminal transfers. You can get a receipt at the time you make a
transfer to or from your account using an automated teller machine
or point-of-sale terminal. However, you may not get a receipt if the
amount of the transfer is $15 or less.
• Preauthorized credits. If you have arranged to have direct deposits
made to your account at least once every 60 days from the same
person or company, you can call us at 866-602-3762 to find out
whether or not the deposit has been made.
• Periodic statements.
You will get a monthly account statement from us for your checking and
savings accounts, unless there are no transfers in a particular month. In
any case, you will get a statement at least quarterly.
PREAUTHORIZED PAYMENTS
• Right to stop payment and procedure for doing so. If you have told
us in advance to make regular payments out of your account, you can
stop any of these payments. Here is how:
Call or write us at the telephone number or address listed in this
brochure in time for us to receive your request 3 business days or
more before the payment is scheduled to be made. If you call, we may
also require you to put your request in writing and get it to us within
14 days after you call.
lease refer to our separate fee schedule in this booklet for the
P
amount we will charge you for each stop payment order you give.
22
• Notice of varying amounts. If these regular payments may vary in
amount, the person you are going to pay will tell you, 10 days before
each payment, when it will be made and how much it will be. (You may
choose instead to get this notice only when the payment would differ
by more than a certain amount from the previous payment, or when
the amount would fall outside certain limits that you set.)
• Liability for failure to stop payment of preauthorized transfer. If
you order us to stop one of these payments 3 business days or more
before the transfer is scheduled, and we do not do so, we will be liable
for your losses or damages.
FINANCIAL INSTITUTION’S LIABILITY
Liability for failure to make transfers. If we do not complete a transfer
to or from your account on time or in the correct amount according to
our agreement with you, we will be liable for your losses or damages.
However, there are some exceptions. We will not be liable, for instance:
(1) If, through no fault of ours, you do not have enough money in your
account to make the transfer.
(2) If you have an overdraft line and the transfer would go over the credit
limit.
(3) If the automated teller machine where you are making the transfer
does not have enough cash.
(4) If the terminal or system was not working properly and you knew
about the breakdown when you started the transfer.
(5) If circumstances beyond our control (such as fire or flood) prevent
the transfer, despite reasonable precautions that we have taken.
(6) There may be other exceptions stated in our agreement with you.
CONFIDENTIALITY
We will disclose information to third parties about your account or the
transfers you make:
(1) where it is necessary for completing transfers; or
(2) in order to verify the existence and condition of your account for a
third party, such as a credit bureau or merchant; or
(3) in order to comply with government agency or court orders; or
(4) as explained in the Privacy Disclosure contained elsewhere in this
document; or
(5) if you give us written permission.
UNAUTHORIZED TRANSFERS
(a) Consumer liability.
• Generally. Tell us AT ONCE if you believe your card and/or code has
been lost or stolen, or if you believe that an electronic fund transfer
has been made without your permission using information from
your check. Telephoning is the best way of keeping your possible
losses down. You could lose all the money in your account (plus your
maximum overdraft line of credit). If you tell us within 2 business days
after you learn of the loss or theft of your card and/or code, you can
lose no more than $50 if someone used your card and/or code without
your permission.
If you do NOT tell us within 2 business days after you learn of the loss
or theft of your card and/or code, and we can prove we could have
stopped someone from using your card and/or code without your
permission if you had told us, you could lose as much as $500.
Also, if your statement shows transfers that you did not make,
including those made by card, code or other means, tell us at once.
If you do not tell us within 60 days after the statement was mailed to
you, you may not get back any money you lost after the 60 days if we
can prove that we could have stopped someone from taking the money
if you had told us in time.
If a good reason (such as a long trip or a hospital stay) kept you from
telling us, we will extend the time periods.
• Additional Limit on Liability for Visa® Check Card. Unless you have
been grossly negligent or have engaged in fraud, you will not be
liable for any unauthorized transactions using your lost or stolen
Visa® Check Card. This additional limit on liability does not apply to
ATM transactions outside of the U.S., to ATM transactions not sent
over Visa or Plus networks, or to transactions using your Personal
Identification Number which are not processed by VISA®. Visa is a
registered trademark of Visa International Service Association.
(b) C
ontact in event of unauthorized transfer. If you believe your card
and/or code has been lost or stolen, call or write us at the telephone
number or address listed in this brochure. You should also call the
number or write to the address listed in this brochure if you believe
a transfer has been made using the information from your check
without your permission.
ERROR RESOLUTION NOTICE
In Case of Errors or Questions About Your Electronic Transfers, Call or
Write us at the telephone number or address listed in this brochure, as
soon as you can, if you think your statement or receipt is wrong or if
you need more information about a transfer listed on the statement or
receipt. We must hear from you no later than 60 days after we sent the
FIRST statement on which the problem or error appeared.
(1) Tell us your name and account number (if any).
(2) D
escribe the error or the transfer you are unsure about, and explain
as clearly as you can why you believe it is an error or why you need
more information.
(3) Tell us the dollar amount of the suspected error.
If you tell us orally, we may require that you send us your complaint
or question in writing within 10 business days. We will determine
whether an error occurred within 10 business days (5 business days
for Visa® Check Card point-of-sale transactions processed by Visa and
20 business days if the transfer involved a new account) after we hear
from you and will correct any error promptly. If we need more time,
however, we may take up to 45 days (90 days if the transfer involved a
new account, a point-of-sale transaction, or a foreign-initiated transfer)
to investigate your complaint or question. If we decide to do this, we
will credit your account within 10 business days (5 business days for
Visa® Check Card point-of-sale transactions processed by Visa and 20
business days if the transfer involved a new account) for the amount
you think is in error, so that you will have the use of the money during
the time it takes us to complete our investigation. If we ask you to put
your complaint or question in writing and we do not receive it within
10 business days, we may not credit your account. Your account is
considered a new account for the first 30 days after the first deposit is
made, unless each of you already has an established account with us
before this account is opened.
We will tell you the results within three business days after completing
our investigation. If we decide that there was no error, we will send you
a written explanation.
You may ask for copies of the documents that we used in our
investigation.
FIRST SOUTHERN NATIONAL BANK
P.O. BOX 328
STANFORD, KY 40484-0328
Business Days:
Monday through Friday
Excluding Federal Holidays
Phone: 866-602-3762
24 Hour Telephone Banking Numbers:
Caldwell County.....................................................................270-365-3439
Fayette County.......................................................................859-223-0281
Garrard County......................................................................859-792-1290
Jessamine County..................................................................859-885-1142
Lincoln County.......................................................................606-365-7645
Logan County.........................................................................270-726-7268
Madison County....................................................................859-623-5945
Muhlenberg County..............................................................270-754-2233
Pulaski County.......................................................................606-677-0178
Warren Count.........................................................................270-781-7543
Wayne County........................................................................606-348-0630
More detailed information is available on request
23
Funds
Availability
DISCLOSU R E
YOUR ABILITY TO WITHDRAW FUNDS
This policy statement applies to “transaction” accounts. Transaction
accounts, in general, are accounts which permit an unlimited number
of payments to third persons and an unlimited number of telephone
and preauthorized transfers to other accounts of yours with us.
Checking accounts are the most common transaction accounts.
Feel free to ask us whether any of your other accounts might also
be under this policy.
Our policy is to make funds from your cash and check deposits available
to you on the first business day after the day we receive your deposit.
Electronic direct deposits will be available on the day we receive the
deposit. Once the funds are available, you can withdraw them in cash
and we will use the funds to pay checks that you have written.
Please remember that even after we have made funds available to you,
and you have withdrawn the funds, you are still responsible for checks
you deposit that are returned to us unpaid and for any other problems
involving your deposit.
For determining the availability of your deposits, every day is a business
day, except Saturdays, Sundays, and federal holidays. If you make a
deposit before 4:00 P.M. on a business day that we are open, we will
consider that day to be the day of your deposit. However, if you make
a deposit after 4:00 P.M. or on a day we are not open, we will consider
that the deposit was made on the next business day we are open.
If you make a deposit at an ATM before 1:00 P.M. on a business day
that we are open, we will consider that day to be the day of your deposit.
However, if you make a deposit at an ATM after 1:00 P.M. or on a day
we are not open, we will consider that the deposit was made on the next
business day we are open.
If we cash a check for you that is drawn on another bank, we may
withhold the availability of a corresponding amount of funds that
are already in your account. Those funds will be available at the time
funds from the check we cashed would have been available if you had
deposited it.
LONGER DELAYS MAY APPLY
Case-by-case delays. In some cases, we will not make all of the funds
that you deposit by check available to you on the first business day
after the day of your deposit. Depending on the type of check that you
deposit, funds may not be available until the second business day after
the day of your deposit. The first $200 of your deposits, however, will be
available on the first business day.
24
If we are not going to make all of the funds from your deposit available
on the first business day, we will notify you at the time you make your
deposit. We will also tell you when the funds will be available. If your
deposit is not made directly to one of our employees, or if we decide
to take this action after you have left the premises, we will mail you the
notice by the day after we receive your deposit.
If you will need the funds from a deposit right away, you should ask us
when the funds will be available.
Safeguard exceptions. In addition, funds you deposit by check may be
delayed for a longer period under the following circumstances:
• We believe a check you deposit will not be paid.
• You deposit checks totaling more than $5,000 on any one day.
• You redeposit a check that has been returned unpaid.
• You have overdrawn your account repeatedly in the last six months.
• There is an emergency, such as failure of computer or
communications equipment.
We will notify you if we delay your ability to withdraw funds for any of
these reasons, and we will tell you when the funds will be available. They
will generally be available no later than the seventh business day after
the day of your deposit.
SPECIAL RULES FOR NEW ACCOUNTS
If you are a new customer, the following special rules will apply during
the first 30 days your account is open.
Funds from electronic direct deposits to your account will be available
on the day we receive the deposit. Funds from deposits of cash, wire
transfers, and the first $5,000 of a day’s total deposits of cashier’s,
certified, teller’s, traveler’s, and federal, state and local government
checks will be available on the first business day after the day of your
deposit if the deposit meets certain conditions. For example, the checks
must be payable to you (and you may have to use a special deposit slip).
The excess over $5,000 will be available on the ninth business day after
the day of your deposit. If your deposit of these checks (other than a
U.S. Treasury check) is not made in person to one of our employees, the
first $5,000 will not be available until the second business day after the
day of your deposit.
Funds from all other check deposits will be available on the eleventh
business day after the day of your deposit.
25
Additional
DISCLOSU R E S
NOTICE OF SERVICING TRANSFER
If you currently have a mortgage loan serviced by First National Bank,
please read these important details on the upcoming transfer of your
loan’s servicing.
The servicing of your mortgage loan is being transferred, effective July
25, 2015. This means that after this date, a new servicer will be collecting
your mortgage loan payments from you. Nothing else about your
mortgage loan will change.
First National Bank of Muhlenberg County is now collecting your
payments. First National Bank of Muhlenberg County will stop accepting
payments received from you after July 25, 2015.
First Southern National Bank will collect your payments going forward.
Your new servicer will start accepting payments received from you on
July 25, 2015.
Send all payments due on or after July 25, 2015 to
First Southern National Bank at one of the following addresses:
• 130 West Broad Street, Central City, KY 42330
• 4815 North Main Street, Bremen, KY 42325
• 401 North Main Street, Greenville, KY 42345
If you have any questions for either your present servicer, First National
Bank of Muhlenberg County or your new servicer First Southern
National Bank, about your mortgage loan or this transfer, please contact
them using the information below:
Current Servicer:
First National Bank of Muhlenberg County
Loan Department
270-754-3300
130 West Broad Street
Central City, KY 42330
New Servicer:
First Southern National Bank
Loan Department
270-754-3300 or 866-602-3762
130 West Broad Street
Central City, KY 42330
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If you have a Residential Mortgage loan as defined in the Real Estate
Settlement Procedures Act, then the following will apply.
Under Federal law, during the 60-day period following the effective date
of the transfer of the loan servicing, a loan payment received by your old
servicer on or before its due date may not be treated by the new servicer
as late, and a late fee may not be imposed on you.
DEPOSIT RECLASSIFICATION
This policy statement applies to “transaction” accounts only.
First Southern National Bank may make a change in your Checking
Account that will not affect your available balance, interest earnings,
FDIC insurance, or bank statement. This Account will consist of a
checking sub account and a savings sub account. The bank may
periodically transfer funds between these two sub accounts. On a sixth
transfer during a calendar month, any funds in the savings sub account
will be transferred back to the checking sub account. If your Account is
a Plan on which interest is paid, your interest calculation will remain the
same. Otherwise, the savings sub account will be non-interest bearing.
The saving sub account will be governed by the rules governing our
other savings accounts.
Rev 12/2010
FACTS
WHAT DOES FIRST SOUTHERN NATIONAL BANK
Why?
Financial companies choose how they share your personal information. Federal law gives
consumers the right to limit some but not all sharing. Federal law also requires us to tell you how
we collect, share, and protect your personal information. Please read this notice carefully to
understand what we do.
What?
The types of personal information we collect and share depend on the product or service you
have with us. This information can include:
DO WITH YOUR PERSONAL INFORMATION?
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Social Security number and account balances
payment history and overdraft history
credit history and credit scores
When you are no longer our customer, we continue to share your information as described in this
notice.
How?
All financial companies need to share customers’ personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their
customers’ personal information; the reasons First Southern National Bank chooses to share;
and whether you can limit this sharing.
Does First Southern
National Bank share?
Can you limit this sharing?
For our everyday business purposes—
such as to process your transactions, maintain
your account(s), respond to court orders and legal
investigations, or report to credit bureaus
Yes
No
For our marketing purposes—
to offer our products and services to you
Yes
No
For joint marketing with other financial companies
No
We don't share
For our affiliates’ everyday business purposes—
information about your transactions and experiences
No
We don't share
For our affiliates’ everyday business purposes—
information about your creditworthiness
No
We don't share
For nonaffiliates to market to you
No
We don't share
Reasons we can share your personal information
Questions?
Call 866-602-3762 or go to www.fsnb.net
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Who we are
Who is providing this notice?
First Southern National Bank
What we do
How does First Southern National Bank
protect my personal information?
To protect your personal information from unauthorized access
and use, we use security measures that comply with federal law.
These measures include computer safeguards and secured files
and buildings.
How does First Southern National Bank
collect my personal information?
We collect your personal information, for example, when you
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Why can’t I limit all sharing?
apply for a loan or open an account
deposit money or pay your bills
give us your income information
We also collect your personal information from others, such as credit
bureaus, affiliates, or other companies.
Federal law gives you the right to limit only
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sharing for affiliates’ everyday business purposes—information
about your creditworthiness
affiliates from using your information to market to you
sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to
limit sharing.
Definitions
Affiliates
Companies related by common ownership or control. They can be
financial and nonfinancial companies.
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Nonaffiliates
Companies not related by common ownership or control. They can be
financial and nonfinancial companies.
„
Joint marketing
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First Southern National Bank does not share with nonaffiliates so
they can market to you
A formal agreement between nonaffiliated financial companies that
together market financial products or services to you.
„
Other important information
First Southern National Bank does not share with our affiliates
First Southern National Bank doesn’t jointly market
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www.fsnb.net
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