Your guide to understanding the transfer of your Rumson

Transcription

WELCOME
to
Your guide to understanding the
transfer of your Rumson-Fair Haven or
The Community Bank of Asbury Park
accounts to 1st Constitution Bank
Letter from the President
What’s Not Changing?
FDIC Insurance
1st Constitution Bank is FDIC Insured
Dear Bank Customers,
As President and Chief Executive Officer of 1st Constitution Bank, I would like to
take this opportunity to personally welcome all of the clients of Rumson-Fair Haven
Bank & Trust and The Community Bank of Asbury Park to 1st Constitution.
During the transition to 1st Constitution, it is our intention to make the conversion
an easy and smooth process. In addition to being able to ask questions of the
staff you already know and trust, we are providing additional information for your
assistance.
The packet of information provided will include the following:
• Frequently asked questions and answers about the transition
• D
irect comparisons of your current product offerings to those products
offered by 1st Constitution
• Addresses and hours of operation for each branch banking office
We also wanted to share a few simple facts:
• T
he friendly customer service you are accustomed to will continue with
1st Constitution.
• 1
st Constitution’s corporate culture is customer focused, with the aim of
providing the best products and services to fit your particular needs.
• 1
st Constitution is a community bank, with local management, and a
keen interest in serving the needs of the consumer and small business in
Middlesex, Mercer, Monmouth and Somerset counties.
I trust that 1st Constitution’s products, combined with the same friendly service
you have come to expect, will offer the right set of banking solutions to simplify
your financial service choices.
If you have any questions about the conversion, please call your local branch, or
contact any one of the following:
General Banking732-605-0413
Electronic Banking609-578-4420
Loans609-578-4436
On behalf of the entire staff, we welcome you to 1st Constitution Bank.
Sincerely,
Robert F. Mangano
President and Chief Executive Officer
Branch Locations
The four Rumson-Fair Haven locations and the Community Bank of Asbury Park will
remain open. 1st Constitution has an additional 14 branches.
Account Number
Your bank account number will not change.
Loans
The terms of all Residential, Commercial and Installment loans will remain the same.
Checks
Your account number will not change. For your convenience you may continue using
your existing checks.
Service
You will receive the same level of service you have come to expect, in addition to
more locations to serve you better!
What Is Changing?
Bank Name
The name will change to 1st Constitution Bank
Website
1st Constitution Banks website is www.1stconstitution.com.
Hours
Please see Branch Locations and Hours to service your needs.
Regulation CC – Availability of Funds
Please visit our commonly asked questions section.
Overdraft Privilege Service
Will no longer be in effect and discontinued as of February 10, 2014. In its place
1st Constitution offers Overdraft Protection for which you may apply. Contact your
local branch for details.
Foreign Currency/Exchange
We will no longer be offering Foreign Currency/Exchange.
1
Commonly Asked Questions & Answers
General Questions
Accounts and Services Questions (continued)
Q: When will the conversion take place?
A:All branch banking offices will close at 2:00pm on Friday, February 7, 2014. At
that time the conversion process with 1st Constitution Bank will begin.
Q:Will the terms of my Certificate of Deposit (CD) change?
A:
No, the terms and conditions of your CD will remain the same until the next
maturity date.
Q: When will I be able to use the 1st Constitution Bank branch network?
A:On Monday, February 10, 2014, your former branch banking office will open
as 1st Constitution Bank. At that time you will also be able to use any of 1st
Constitution’s branches.
Q:Will you notify me when my CD matures?
A:
Yes, you will receive a maturity notice at least 10 days prior to maturity.
Accounts and Services Questions
Q:Will my safe deposit box be affected?
A:
At this time there will be no change in the terms or the way you access your
safe deposit box.
Q:What will happen to my Rumson-Fair Haven Bank or The Community Bank
of Asbury Park account numbers(s)?
A:
Your account number(s) will not change for all Checking, Savings, Loans and
Certificate of Deposit accounts.
Q:If I have deposit accounts at Rumson-Fair Haven Bank, The Community
Bank of Asbury Park and 1st Constitution Bank, will these accounts still be
covered by FDIC insurance?
A:
Yes, your accounts will continue to be covered separately at both banks up to
the limits allowed by law for at least six months.
Q:Will my availability of funds change?
A:
Yes, same day availability will occur when depositing cash, wire transfers or
electronic deposits. Next day availability will be available on the first business
day after we receive your deposit of, U.S. Treasury checks that are payable
to you or checks drawn on 1st Constitution Bank. All other checks deposited
will have $200.00 available on the first business day deposited. The remaining
funds will be available on the second business day after the day of your
deposit.
Q:How will my FDIC coverage change after the conversion?
A:
For six months after the conversion your deposits will continue to be
separately insured. The six-month period begins with the effective date of the
conversion. At the end of the six-month period your deposits that are held in
the same name will be combined and insured up to the $250,000 maximum.
This applies to all your deposits except for Certificates of Deposit (CDs: which
are covered by a special exception described below).
Q:Will my direct deposit and automated payments/transfers continue as
scheduled?
A:
Although we expect no interruption with this service, we suggest that you
contact any company that you currently maintain an electronic payment
relationship with, to or from your current bank account. You should inform the
company of your new bank name and routing number.
1st Constitution Bank
Routing Number: 021207154
Q:What if I prefer a different product as stated on pages 4-7 of this guide
than the one to which my account is automatically converted?
A:
If you feel that a different account would better serve your needs, please call
or visit your local branch anytime. We will be happy to assist you in choosing
an account that will best meet your needs.
Q:Will the statement cycles change?
A:
If your current statement cycle is the 15th or the end of the month, your cycle
will remain the same. If your current statement cycle is the 20th of the month it
will change to the 22nd of the month.
2
Q:What is the exception for CDs?
A:
CDs from the assumed bank are separately insured until the earliest maturity
date after the end of the six-month period. CDs that mature during the
six-month period and are renewed for the same term and in the same dollar
amount (either with or without accrued interest) continue to be separately
insured until the first maturity date after the six-month period. If a CD matures
during the six-month grace period and is renewed on any other basis, it would
be separately insured until the end of the six-month grace period.
Q:What if I have additional questions about the conversion?
A:
Continue to visit or call your local branch or you may call/contact the following
1st Constitution Bank support numbers:
General Banking
Electronic Banking
Loans
732-605-0413
609-578-4420
609-578-4436
3
Checking Product Comparison Guide
If your current Rumson-Fair Haven
Bank and Trust/The Community Bank
of Asbury Park Account is:
Your New 1st Constitution
Bank Account is:
FEATURES
Personal Checking *
Regular Checking OR
55+ Checking
Monthly service charge of $15 if the daily balance falls below $100 any day of the statement cycle. If you are 55+ your account will
be a no minimum, no service charge checking account.
Interest Checking
NOW Checking
Majestic Checking
Monthly service charge of $15 if the daily balance falls below
$1,000 any day of the statement cycle. Interest-bearing account.
Contact branch for current rates. Money Market
Money Market Personal
Relationship Money Market
$1,000 any day of the statement cycle. Interest-bearing account.
Contact branch for current rates.
Business Checking - Deposit Express
Small Business Checking
Business Checking
Not For Profit
Escrow Master Checking
Escrow Manager Master Checking
Sole Proprietorship
Estate Accounts
NOW Checking OR
Small Business Checking
$1,000 any day of the statement cycle.
Limited to 250 transactions per month.
If you currently have an interest bearing Estate Account your account
will be converted to a NOW Checking Account. If you currently have
a non-interest bearing Estate Account, your account will be converted
to a Small Business Checking Account. Municipal Checking
Municipal Checking
No changes at this time.
Business Sweep Checking
Sweep Operating
Combined with Business Checking Account.
Municipal Money Market
Money Market Business
Business Money Market
IOLTA Checking
Escrow Manager Master
Interest Bearing Subs
IOLTA Subs
$1,000 any day of the month. Interest-bearing account.
IOLTA Attorney Trust Account
Features will remain the same.
Client Escrow
Contact branch for more information.
* If you have Direct Deposit we offer a No Minimum, No Monthly Service
Charge Checking Account. Please contact branch for details.
4
5
Savings Product Comparison Guide
If your current Rumson-Fair Haven
Bank and Trust/The Community Bank
of Asbury Park Account is:
Your New 1st Constitution
Bank Account is:
FEATURES
Statement Savings *
Statement Savings
Business Statement Savings
Monthly service charge of $5 if the daily balance falls below $200 any day of the month. Contact branch for current rates.
Municipal Savings
Business Super Savings
$10,000 any day of the month. Interest-bearing account.
* Custodial Accounts will be converted to Kids 1st Savings.
Other Products & Services
Community
Banking…
…With You
In Mind!
6
7
Important Information
Important Information Regarding Your
ATM/Debit Card
Welcome to 1st Constitution Online Banking and
Bill Payment!
• O
n or about 2 weeks prior to the conversion you will receive your new
1st Constitution Bank ATM/Debit Card via mail. If you have an ATM card, a PIN
(Personal Identification Number) mailer will follow within two business days of the
mailing of the 1st Constitution ATM card. The PIN can be changed at any
1st Constitution ATM machine. If you have a Debit Card as part of the process to
activate your ATM/VISA Debit Card you can select a PIN (Personal Identification
Number).
Free Online Banking and Bill Payment at 1st Constitution Bank puts all your account
information right at your fingertips. You can check balances, view images of checks
paid, transfer funds between your 1st Constitution Bank Accounts, pay bills and
much more!
• O
n or about 2 weeks prior to the conversion please visit 1st Constitution.com
for more details about your existing ATM/Debit Card and your new
1st Constitution card for the schedule of events.
Important Information
Regarding the
ATM Machine
• T
he ATM machines at the Rumson-Fair
Haven Bank & Trust and The Community
Bank of Asbury Park offices may be
unavailable from Friday, February 7,
2014 until Monday, February 10, 2014.
Visit 1stConstitution.com for more details as these dates get closer.
• U
se any 1st Constitution Bank’s ATMs for FREE, which means you will not incur a
surcharge. Please be advised that 1st Constitution Bank does not charge you
a fee to use another bank’s ATM.
Call 1st – 24-Hour Telephone Banking Service
Our free telephone banking service offers you the ultimate in convenience...
Access to your accounts anywhere from a telephone.
•
•
•
•
•
heck the balances of your accounts
C
Review checks paid and other transaction activity
Check the date and amount of your last deposit
Transfer funds between accounts
Obtain rate and product information
Follow these easy steps to access your account
• Access telephone banking by calling 1-877-444-41st (1-877-444-4178)
• Enter any of your 1st Constitution Bank account numbers
• Choose checking or savings from the account type menu
• Enter your Personal Identification number (PIN). The PIN number is the last four
digits of your social security or Tax ID number.
• The system will prompt you to choose a new PIN to ensure the security of your
accounts.
8
Accessing your account is easy!
Go to www.1stconstitution.com and login
directly from our homepage
Please follow these simple instructions to log on:
Access ID: Enter your existing Rumson or
Asbury User ID
Password: Enter the last four digits of your
social security number or Tax ID number then click the submit button. Follow the
steps to create new security challenge questions/answers and image.
If you have any questions, please contact your local branch.
Account Transaction History
Account transaction history will not be transferred to the Online Banking system
but the account history will start accumulating going forward with 1st Constitution.
If you wish to maintain your prior account history for your checking and savings
accounts you must print the information prior to February 7, 2014.
Other Online Services
Once you log into 1st Constitution Online Banking, you can sign up for the
following services:
• Mobile Banking
• Pop Money – Send money or request money with online or mobile banking.
This service is available as part of the Bill Payment service.
• E-Statements
• Account-to-Account Transfer – Transfer funds to or from your account at
1st Constitution and your account at another financial institution. This service is
available with the Bill Payment service.
• E-Bills
Online Banking Support
If you have any questions or concerns our staff will be available on conversion
weekend at: 609-578-4420 Saturday and Sunday 9:00am-1:00pm
9
Branch Location & Hours
Asbury Park Office
511 Cookman Avenue
Asbury Park, NJ 07712
732 / 775-1079
Hamilton Office
3659 Nottingham Way
Hamilton, NJ 08690
609 / 631-0400
Lobby
Lobby & Drive-up
Monday-Thursday 9:00 am - 5:00 pm
Friday 9:00 am - 6:00 pm
Saturday 9:00 am - 1:00 pm
Cranbury Main Office
Hightstown Office
2650 Route 130 & Dey Road
Cranbury, NJ 08512
609 / 655-4500
140 Mercer Street
Hightstown, NJ 08520
609 / 918-1283
Lawrenceville Office
150 Lawrenceville-Pennington Road
Lawrenceville, NJ 08648
609 / 620-1040
Rocky Hill Office
995 Route 518
Skillman, NJ 08558
609 / 921-1776
Lobby & Drive-up
Lobby & Drive-up
No Saturday Hours
Oceanport Office
Rumson Office
251 East Main Street
Oceanport, NJ 07757
732 / 380-1630
20 Bingham Avenue
Rumson, NJ 07760
732 / 933-4445
Lobby & Drive-up
Lobby & Drive-up
Lobby
Lobby & Drive-up
Cranbury Village Office
Hillsborough Office
Perth Amboy Office
Shrewsbury Office
74 N. Main Street & Westminster Place
Cranbury, NJ 08512
609 / 395-0605
32 New Amwell Road
Hillsborough, NJ 08844
908 / 359-1776
Lobby & Drive-up
Lobby & Drive-up
Fair Haven Office
Hopewell Office
636 River Road
Fair Haven, NJ 07704
732 / 345-1100
86 East Broad Street
Hopewell, NJ 08525
609 / 466-2100
145 Fayette Street
Perth Amboy, NJ 08861
732 / 442-5880
Lobby & Drive-up
Plainsboro Office
11 Schalks Crossing Road
Plainsboro, NJ 08536
609 / 750-0200
500 Broad Street
Shrewsbury, NJ 07702
732 / 933-3875
Lobby & Drive-up
West Windsor Office
44 Washington Road
Princeton Junction, NJ 08550
609 / 750-9797
Lobby
Lobby & Drive-up
Lobby & Drive-up
Lobby & Drive-up
No Saturday Hours
Fort Lee Office
Jamesburg Office
Princeton Windrows Office
180 Main Street
Fort Lee, NJ 07024
201 / 944-9300
1 Harrison Street
Jamesburg, NJ 08831
732 / 605-0413
2000 Windrow Drive
Princeton, NJ 08540
609 / 987-2200
Lobby
Lobby & Drive-up
Lobby
Monday-Friday 9:30 am - 3:30 pm
No Saturday Hours
10
Community Banking…
…With You In Mind!
11
History and Benefits
Fee Schedule
Welcome to 1st Constitution Bank! We are committed to providing products
and services that are effective, efficient and competitively priced. We are also
committed to the latest in technology to assist our clients to manage all their
financial service needs. We understand that our customers want their bank to
have trained personnel available to assist with its products and services. After all,
we really are in the people business and unlike some of our large competitors will
never forget this critical ingredient.
Non-Sufficient Funds/NSF (per item). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35.00
Emphasis on Excellence
The bank’s emphasis from its start has been to provide excellent personal service,
along with the latest technology in financial products. In addition, 1st Constitution
Bank has built a strong reputation as a mortgage lender, serving the needs of
real estate professionals, builders, and individual homebuyers throughout the
Metropolitan area since 1996.
ACH Return Items. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15.00
1st Constitution Bank introduced Online Banking and Bill Payment in 2003. In early
2006, Cash Manager was available for business banking clients to access their
accounts online, view balances, account activity, and initiate ACH or wire transfers
from any PC through the Internet. Prior to the end of 2006 Remote Deposit
Capture added to the convenience of business banking, enabling customers to
deposit checks through a scanning device, for credit to their 1st Constitution
business checking account. In 2011 we installed “Deposit Ready” ATM machines at
select locations that accept cash and checks for deposit. In 2013 Mobile Banking
was released. In a short time hundreds of customers enrolled in this program
and now have the advantage of using PopMoney to send their funds to anyone,
anywhere, via their e-mail address or mobile number. Business customers can now
also accept merchant services payments through their smart phone via SpotPay.
Just in time for holiday shopping, our UChoose Rewards Program was introduced,
allowing customers to earn points when using their 1st Constitution Debit card.
Levy Attachment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100.00
Coming soon! –
In 2014 our plan to continue expanding our products and services includes:
• Instant Issue Debit Cards – no more waiting for an ATM card in the mail.
• Mobile Remote Deposit Capture – make check deposits safely and
securely through your mobile device.
Remaining Innovative and Progressive
Several years ago 1st Constitution Direct, our internet branch, was opened to offer
deposit accounts to consumers and businesses online. In addition, 1st Constitution
has opened or acquired several branch banking offices primarily in the middle of
the state. Headquartered in Cranbury, 1st Constitution currently maintains fourteen
(14) branch banking offices in Mercer, Middlesex, Somerset and Bergen Counties.
Our next entry into Monmouth County is exciting, as we are able to offer additional
products and services to our newly acquired Monmouth County client base.
Rest assured we will do all we can to provide our clients with the kind of banking
services they expect and deserve. Whether it is Commercial Banking, Consumer
Banking, Mortgage lending, or Commercial lending, 1st Constitution Bank has the
products and people to meet its clients expectations.
Serving Our Communities
We are also proud to have many of our employees actively participating in
community activities in the trade area we serve. Our employees support numerous
causes and have donated thousands of hours of time to assist local organizations.
12
ACH Non-Sufficient Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35.00
Uncollected Funds (per item). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35.00
Stop Payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30.00
Deposited/Cashed Check Returned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15.00
Money Order. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6.00
Official Check. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10.00
Dormant Service Charge (per month) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.00
Research Work (per hour). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50.00
Checkbook Reconcilement (per hour) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 35.00
Interim Statement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.00
Copy of Statement or Check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.00
Domestic Outgoing Wire. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25.00
Foreign Outgoing Wire. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 45.00
Incoming Wire. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15.00
Safe Deposit Lost Key. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10.00
Safe Deposit Drill Box. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 125.00
Early Account Closing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25.00
Notary Service / Customer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FREE
Notary Service / Non-Customer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1.00
Check Orders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . per catalog prices
Replacement/Lost/Stolen ATM Card. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10.00
Night Depository Lock Bag . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25.00
Bank Zipper Bag. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.00
Non US Check Collection. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30.00 + collection fees
Lost Token. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 20.00
Stop Payment on Visa Debit POS transaction. . . . . . . . . . . . . . . . . . . . . . . . . . $ 50.00
Check Image Return (each). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.00
Canadian Check Collection (per item) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4.00
Transfers by Telephone, FAX or Mail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2.00
Cashed Check / Non-Customer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5.00
13
Asbury Park
Cranbury Main
Cranbury Village
Fair Haven
Fort Lee
Hamilton
Hightstown
Hillsborough
Hopewell
Jamesburg
Lawrenceville
Oceanport
Perth Amboy
Plainsboro
Princeton Windrows
Rocky Hill
Rumson
Shrewsbury
West Windsor
Community Banking…
…With You In Mind!

Your guide to understanding the transfer of your Rumson

Transcription

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