GENERAL DISCLOSURES

COMMUNITY NATIONAL BANK

ANNUAL DISCLOSURE STATEMENT

AS OF MARCH 31, 2014

TO: Community National Bank Shareholders, Depositors, and the General Public.

 

Financial information about this bank is available to customers, shareholders, and the General Public on request. In accordance with Federal regulations to facilitate more informed decision making by depositors, and the general public, we will provide an Annual Disclosure Statement containing financial information for the last two years. This information will be updated annually and available as of April 10 through any one of our Knowledge Banking Centers.

 

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE

FOR TRANSACTION ACCOUNTS

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

 

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

 

For more information about temporary FDIC insurance coverage of transaction accounts, visit

 

FUNDS AVAILABILITY POLICY

Our general policy is to allow you to withdraw funds deposited in your account immediately. In some cases, we may delay your ability to withdraw funds. Then, the funds will generally be available by the second business day after the day of deposit.

 

Effective 07/21/2011:

We are required to provide next day availability for the first $200 of a deposit, instead of $100. We reserve the right to place a case-by-case hold on a check deposit.

 

Community National Bank ID# 446447

SECURE AND FAIR ENFORCEMENT LICENSING ACT OF 2008

 

Title V of the Housing Economic Recovery Act of 2008, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act or Act) is intended to improve the accountability and tracking of residential mortgage loan originators (MLOs), provide protection for consumers, reduce fraud, and provide consumers with information regarding MLOs. Registration is required for Mortgage Loan Originators who work for an agency regulated institution.

 

 

 

 © copyright Community National Bank 2017