DEPOSIT ACCOUNT TERMS AND CONDITIONS AND PRIVACY POLICY

Transcription

1 DEPOSIT ACCOUNT TERMS AND CONDITIONS AND PRIVACY POLICY Note that the privacy policy applies to all personal accounts, not just deposit accounts. WELCOME TO M&T A GUIDE TO THE TERMS OF YOUR PERSONAL DEPOSIT ACCOUNTS Subject to regulatory approval, Provident Bank ( Provident ) will soon merge into M&T Bank ( M&T ). As a result, your Provident deposit accounts will automatically become M&T accounts and will be transferred onto M&T s computer systems. We sometimes refer to this event as the conversion and to the date on which this takes place as the conversion date. The exact date of the merger and conversion is set forth in the cover letter accompanying this booklet. This booklet includes information about the names and features of your deposit accounts at M&T after the conversion. Please note that provisions that apply only to new customers or only to newly opened accounts will not apply to converted accounts. The features and terms of your deposit accounts at M&T as described in this booklet do not necessarily reflect the standard features and terms of M&T deposit accounts. This means that any deposit account that you may open with M&T before, at, or after the conversion date may have features and terms that are different from those that will apply to your converted Provident deposit accounts as of the conversion date. If you have questions, we re here to assist you. Just call us at Monday-Friday, 6:00 a.m. 9:00 p.m. ET Saturday-Sunday, 9:00 a.m. 5:00 p.m. ET Or visit us any time at NOTE: IF YOU HAVE A COVERDELL EDUCATION SAVINGS ACCOUNT OR A HEALTH SAVINGS ACCOUNT, WE WILL SEND A SEPARATE COMMUNICATION TO YOU ABOUT YOUR ACCOUNT.

2

3 TABLE OF CONTENTS SECTION I Personal Deposit Accounts Personal Checking Accounts Q & A...2 Conversion Chart...3 Specific Features and Terms M&T Totally Free Checking...6 M&T First...6 M&T Direct Checking...6 M&T Classic Checking With Interest...7 Relationship Checking With Checking...8 M&T Select With Interest...9 Work Checking...9 Power Checking...10 Employee M&T Select With Interest...11 Personal Savings and Money Market Accounts Q & A...12 Conversion Chart...13 Specific Features and Terms M&T Starter Savings...14 Relationship Savings...14 M&T Market Advantage...15 M&T e-money Market...16 Preferred Savings...17 Certificate of Deposit Accounts Q & A...18 Conversion Chart...19 Specific Features and Terms Automatically Renewable Regular Time Deposit...19 Automatically Renewable Add On Time Deposit...20 Fees Additional Fees for Consumer Checking Accounts...21 Additional Fees for Consumer Savings Accounts...21 Fees for Special Services...21 Debit Cards and ATM Cards Conversion Chart...22 Important Information...22 Electronic Banking Card and Telephone Transaction Disclosure and Agreement...22 Fees for Use of Electronic Banking Card...23 Additional Disclosures and Agreements for Personal Deposit Accounts FDIC Transaction Account Guarantee Program...26 Notice Regarding Overdrafts and Order of Payment of Debit Items...27 Availability Disclosure for Consumer Deposit Accounts...27 Overdraft Protection Service Features and Terms...29 General Deposit Account Agreement...30 SECTION II Retirement Accounts (IRA, Roth IRA, SEP IRA and Keogh Accounts) General Information for all types of retirement accounts about distributions and transfers...44 Retirement Certificates of Deposit Q & A...44 Conversion Chart...45 Automatically Renewable Individual Retirement Account Agreement...46 Automatically Renewable Retirement Account Agreement...50 Money Market Retirement Accounts Q & A...45 Conversion Chart...46 M&T Market Advantage Individual Retirement Account Agreement...54 M&T Market Advantage Retirement Account Agreement...58 Disclosure Required by Automated Clearing House Rules...61 SECTION III M&T Bank Corporation s Consumer Information Policy (privacy policy)...62 Note that this policy applies to all personal accounts, not just deposit accounts. 1 RP

4 CHECKING SECTION I Personal Deposit Accounts PERSONAL CHECKING ACCOUNTS: Here are answers to some questions you may have about your Provident personal checking account after the conversion. Q. What will happen to my Provident checking account when Provident and M&T merge? A. When Provident and M&T merge, your checking account at Provident will be automatically moved onto M&T systems and will become an M&T personal checking account. Q. What type of checking account will I have at M&T? A. We have reviewed the terms of each type of checking account available at Provident and have matched each account type to the M&T account that we believe is most suitable. These matched accounts are shown in the chart following these Q&As. Your Provident account will automatically become the type of M&T account indicated in the chart, but we would be happy to discuss all of our account options with you. If another M&T account better suits your needs, we will be happy to work with you to change the type of account you have after the conversion. Simply stop by any branch or give us a call. Q. What fees will apply if I overdraw my M&T checking account? A. Unless you have overdraft protection for your checking account, two types of fees may be charged if you overdraw your account after the conversion: 1. Insufficient funds (NSF) fee: After conversion, a fee of $18 or $37 will be charged to your checking account whenever we process an item (including a check, in-person withdrawal, ATM withdrawal or other electronic transaction) for payment from your checking account when there are insufficient available funds in the account to pay the item, whether or not we pay it. The amount of the fee will depend on how frequently this has occurred in any 12-month period beginning at conversion as described more particularly in the Additional Fees for Consumer Checking Accounts on page Extended overdraft fee: If your checking account becomes overdrawn as a result of our payment of any transaction you have authorized, and you fail to timely repay the negative balance in your account, your account will be charged with a $10 extended overdraft fee for every 5 consecutive business days that the account remains overdrawn until the earlier of (a) the business day that you repay all amounts owed or (b) 40 business days after the account became overdrawn. For more information about these fees, please see the Additional Fees for Consumer Checking Accounts on page 21, and the Notice Regarding Overdrafts and Order of Payment of Debit Items on page 27. Q. Will Provident s Benefit Banking program and other similar relationship banking arrangements continue? A. No. Provident s Benefit Banking program and all similar relationship banking arrangements will be terminated as of the conversion date. This means that the benefits associated with these programs, including discounted loan rates and higher interest rates on deposit accounts, will be discontinued at conversion. However, several M&T checking accounts offer many similar benefits. Q. What should I know about interest-bearing checking accounts at M&T? A. Interest rates on checking accounts are variable, may change daily (as opposed to weekly at Provident), are not tied to any index, and are set by us at our discretion. Provident s Benefit Banking program and other similar relationship banking programs will not be continued after the conversion. Therefore, interest rates paid on checking accounts will be based on M&T s standard rates for each account type or, if an account paid a promotional rate for a designated period of time, this rate will continue at least until the expiration of that period. Minimum balance to earn interest is a collected balance that must be maintained as of the end of any day to earn interest for that day. Interest is calculated using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. Interest rates are tiered, meaning that different interest rates may apply to different balances. The number and ranges of the tiers may be different from the interest rate tiers at Provident. The interest rates for each tier can vary daily and the rates for different balance tiers may sometimes be the same. The interest rate tiers at M&T are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 Q. Will my checking account number change? A. Most checking account numbers will NOT change and you may continue to use your existing checks until further notice. However, if your Provident account number is the same as another M&T customer s account, you will be assigned a new account number. If your account is assigned a new number, we will notify you in a separate mailing and we will send a new supply of checks to you shortly after the conversion. These new checks will reflect the M&T Bank routing number. Please begin to use your new M&T checks as soon as you receive them and destroy your remaining Provident supply at that time. Any outstanding checks you have written prior to the arrival of your new supply will be honored for a limited time. Q. How often will I receive statements for my checking account and what will they contain? A. Statements for M&T checking accounts are generally sent monthly. If you receive your original paid (canceled) checks or images of those checks with your Provident statement at the time of conversion, M&T will include images of your paid checks with your statements. If you do not receive originals or images of paid checks at Provident, M&T will hold copies of your paid checks for safekeeping through its Check Safekeeping service. Any customer may view or print copies of his or her paid checks by enrolling in M&T Web Banking. 2 Q. If I have overdraft protection for my checking account at Provident, will it continue after conversion? A. Overdraft protection with linked accounts: Like Provident, M&T offers overdraft protection for checking accounts through linked savings or money market accounts or lines of credit. At M&T, only one checking account can be linked to each overdraft protection account and only one overdraft protection account can be linked to each checking account. Accordingly, at conversion: If your Provident checking account is linked only to a Provident savings or money market account for overdraft protection, these accounts will continue to be linked for purposes of overdraft protection; If your Provident checking account is linked only to a Provident line of credit account for overdraft protection, these accounts will continue to be linked for purposes of overdraft protection; If your Provident checking account is linked for overdraft protection purposes to both a Provident line of credit account and a savings or money market account: A. The savings or money market account will no longer be linked to the checking account; but B. The line of credit account will continue to be linked to the checking account for purposes of providing overdraft protection for the checking account. Fees and Terms for Overdraft Protection: If you have an overdraft line of credit account at Provident, the fees and terms of your M&T account will remain the same. If you have overdraft protection for your checking account from your savings or money market account, the fee for each transfer will be $5. If sufficient credit or sufficient funds are not available in your overdraft protection account, your checking account may be overdrawn. Q. What documents will govern my checking account at M&T? A. After the conversion date, your M&T checking account will be governed by the following documents: General Deposit Account Agreement Notice Regarding Overdrafts and Order of Payment of Debit Items Availability Disclosure for Consumer Deposit Accounts New schedule for funds availability: Funds deposited to your account may be available for withdrawal on a different schedule from before. Generally, funds from check deposits will be made available in either one, two or three days. Specific Features and Terms for the specific type of account you will have at M&T Additional Fees for Consumer Checking Accounts Fees for Special Services Electronic Banking Card and Telephone Transaction Disclosure and Agreement These documents will apply to your account as though you had signed a deposit account opening request for your M&T account on the conversion date and are set forth in full in this booklet. IMPORTANT: Some of the terms of these documents differ from the terms of the documents that govern your Provident account today. Differences in many terms that are required to be disclosed are referenced in the chart following these Q&As. Other terms may also be important to you so we encourage you to review all of the information in this booklet carefully and to contact us with any questions.

5 IF THIS IS YOUR PROVIDENT ACCOUNT ON THE CONVERSION DATE THIS WILL BE YOUR ACCOUNT AT M&T BANK NEW BALANCE REQUIREMENTS AND MONTHLY SERVICE FEES FOR YOUR M&T ACCOUNT OTHER IMPORTANT INFORMATION ABOUT YOUR M&T ACCOUNT WILL MY M&T ACCOUNT EARN INTEREST? CHECKING Totally Free Checking M&T Totally Free Checking No minimum balance requirement. No monthly service fee. No charge for accessing your account at M&T ATMs. Standard M&T fees will apply to transactions at non-m&t ATMs. Account will convert to an M&T First account if, at any time, there is no account activity for 90 consecutive days after conversion or any time thereafter. See the Specific Features and Terms for M&T First on page 6 of this booklet. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. If you do not receive originals or images of paid checks at Provident at the time of conversion and elect to receive images in the future, there will be a $5.00 charge per month. No (whether or not your Provident account paid interest) Interest Checking Fresh Start Checking Regular Checking Affinity Checking M&T Direct Checking No monthly service fee if you have: At least one direct deposit into the account during the monthly service charge cycle; OR Your M&T mortgage payment automatically deducted from the account during the monthly service charge cycle; OR $1,500 combined average daily balance in this account and your Relationship Savings and M&T Personal Savings accounts. Unless you meet one of these requirements, a $5.95 monthly service fee will apply. This monthly service fee will be waived for the first 2 service charge cycles after the conversion even if you do not meet any of the above requirements. No charge for accessing your account at M&T ATMs. Standard M&T fees will apply to transactions at non-m&t ATMs. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. If you do not receive originals or images of paid checks at Provident at the time of conversion and elect to receive images in the future, there will be a $3.00 charge per month. No (whether or not your Provident account paid interest) 50 Checking Convenience 50 Checking (with or without interest) M&T Classic Checking With Interest No minimum balance requirement. No monthly service fee. No charge for accessing your account at M&T ATMs. Standard M&T fees will apply to transactions at non-m&t ATMs. 50% off orders of standard checks. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. There is no charge for image return on this account. Yes (whether or not your Provident account paid interest) Convenience Checking (with or without interest) Relationship Checking With Interest No monthly service fee with: $1,000 average daily balance in this account; OR $2,500 combined average daily balance in this account and linked personal checking, savings and money market accounts; OR $7,500 combined average daily balance in this account and all your linked personal deposit accounts, plus the outstanding balance of linked installment loans, home equity loans and personal lines of credit. Unless you meet one of the above minimum balance levels, a $10 (or $8 if you have a direct deposit during the month) monthly service fee will apply. This monthly service fee will be waived for the first 3 service charge cycles after the conversion even if you do not meet any of the above requirements. No charge for accessing your account at M&T ATMs. M&T will not charge you a fee for your first 3 ATM transactions at non-m&t ATMs located in the United States in each monthly service charge cycle. A fee will apply to each additional transaction as described in the section entitled Fees for Use of Electronic Banking Card on page 23 of this booklet. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. If you do not receive originals or images of paid checks at Provident at the time of conversion and elect to receive images in the future, there will be a $3.00 charge per month. Free orders of standard checks. Yes (whether or not your Provident account paid interest) 3 RP

6 CHECKING IF THIS IS YOUR PROVIDENT ACCOUNT ON THE CONVERSION DATE THIS WILL BE YOUR ACCOUNT AT M&T BANK NEW BALANCE REQUIREMENTS AND MONTHLY SERVICE FEES FOR YOUR M&T ACCOUNT OTHER IMPORTANT INFORMATION ABOUT YOUR M&T ACCOUNT WILL MY M&T ACCOUNT EARN INTEREST? College Student Checking No minimum balance requirement. No monthly service fee. No charge for accessing your account at M&T ATMs. No charge for balance inquiries. Special arrangements for the first 4 ATM transactions you make each monthly service charge cycle at non-m&t ATMs: M&T will not charge a fee. M&T will reimburse up to $2 of the fee charged by the owner/operator of the ATM. A fee will apply to each transaction in excess of 4 at non-m&t ATMs as described in the section entitled Fees for Use of Electronic Banking Card on page 23 of this booklet. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. If you do not receive originals or images of paid checks at Provident at the time of conversion and elect to receive images in the future, there will be a $5.00 charge per month. Account will convert to an M&T Direct Checking account 5 years after it was opened at Provident. See the Specific Features and Terms for M&T Direct Checking on page 6 of this booklet. No (whether or not your Provident account paid interest) Platinum Checking Wall Street Checking Professional & Executive Platinum M&T Select With Interest No monthly service fee with: $5,000 average daily balance in this account; OR $10,000 combined balance in this account plus linked personal checking, savings, money market accounts, CDs, IRAs, installment loans, home equity loans, personal lines of credit, as well as eligible investments (except retirement investments). Some business owners deposit accounts may also be linked to this account to meet balance requirements; OR An M&T mortgage in good standing with M&T, the original amount of which was at least $100,000. Unless you meet one of these requirements, a $14 monthly service fee will apply. This monthly service fee will be waived for the first 3 service charge cycles after the conversion even if you do not meet any of the above requirements. No charge for accessing your account at M&T ATMs. No charge for balance inquiries. Special arrangements for ATM transactions at non-m&t ATMs: M&T will not charge a fee for transactions at non-m&t ATMs located in the United States. M&T will reimburse up to $2 of the fee charged by the owner/operator of the ATM for your first 4 ATM transactions in a monthly service charge cycle. This does not apply to accounts maintained at M&T branches in Pennsylvania. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. There is no charge for image return on this account. Yes (whether or not your Provident account paid interest) Bank at Work Totally Free Bank at Work Work Checking No monthly service fee if you have: At least one direct deposit into the account during the monthly service charge cycle; OR Your M&T mortgage payment automatically deducted from the account during the monthly service charge cycle. Unless you meet one of these requirements, a $10 monthly service fee will apply. This monthly service fee will be waived for the first 2 service charge cycles after the conversion even if you do not meet either of the above requirements. No charge for accessing your account at M&T ATMs. No charge for balance inquiries. M&T will not charge you a fee for your first 5 ATM transactions at non-m&t ATMs each monthly service charge cycle. A fee will apply to each additional transaction as described in the section entitled Fees for Use of Electronic Banking Card on page 23 of this booklet. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. If you do not receive originals or images of paid checks at Provident at the time of conversion and elect to receive images in the future, there will be a $3.00 charge per month. No (whether or not your Provident account paid interest) 4

7 IF THIS IS YOUR PROVIDENT ACCOUNT ON THE CONVERSION DATE THIS WILL BE YOUR ACCOUNT AT M&T BANK NEW BALANCE REQUIREMENTS AND MONTHLY SERVICE FEES FOR YOUR M&T ACCOUNT OTHER IMPORTANT INFORMATION ABOUT YOUR M&T ACCOUNT WILL MY M&T ACCOUNT EARN INTEREST? CHECKING Investment Manager Account Power Checking No monthly service fee with: $50,000 combined balance in this account plus linked personal checking, savings, money market accounts, CDs, IRAs, installment loans, home equity loans, personal lines of credit, as well as eligible investments (except retirement investments). Some business owners deposit accounts may also be linked to this account to meet balance requirements; OR An M&T mortgage in good standing with M&T, the original amount of which was at least $200,000. Unless you meet one of these requirements, a $24 monthly service fee will apply. This monthly service fee will be waived for the first 3 service charge cycles after the conversion even if you do not meet either of the above requirements. No charge for accessing your account at M&T ATMs. No charge for balance inquiries. Special arrangements for ATM transactions at non-m&t ATMs. M&T will not charge a fee. M&T will reimburse up to $2 of the fee charged by the owner/operator of the ATM for the first 15 ATM transactions you make each monthly service charge cycle at non- M&T ATMs. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. There is no charge for image return on this account. The sweep arrangement associated with your Provident account will be terminated as of the conversion date. Yes (whether or not your Provident account paid interest) Employee DDA Employee Gold Retiree Gold Fresh Start Employee Checking Employee M&T Select With Interest No monthly service fee if: M&T employee pay or retirement benefits are direct deposited into the account; OR $5,000 average daily balance in this account; OR $10,000 combined balance in this account plus linked personal checking, savings, money market accounts, CDs, IRAs, installment loans, home equity loans, personal lines of credit, as well as eligible investments (except retirement investments). Some business owners deposit accounts may also be linked to this account to meet balance requirements; OR An M&T mortgage in good standing with M&T, the original amount of which was at least $100,000. Unless you meet one of these requirements, a $14 monthly service fee will apply. This monthly service fee will be waived for the first 2 service charge cycles after the conversion even if you do not meet any of the above requirements. No charge for accessing your account at M&T ATMs. No charge for balance inquiries. Special arrangements for ATM transactions at non-m&t ATMs: M&T will not charge a fee for transactions at non-m&t ATMs located in the United States. M&T will reimburse up to $2 of the fee charged by the owner/operator of the ATM for your first 4 ATM transactions in a monthly service charge cycle. This does not apply to accounts maintained at M&T branches in Pennsylvania. If you receive originals or images of checks paid from your account at Provident, you will receive images of paid checks without charge at M&T. There is no charge for image return on this account. Yes (whether or not your Provident account paid interest) 5 RP

8 CHECKING SPECIFIC FEATURES AND TERMS (Consumer Checking Accounts) M&T TOTALLY FREE CHECKING KIND OF ACCOUNT Checking Account SERVICE FEES 1. There is no monthly maintenance charge and no per-check charge for this account. 2. $5 for each monthly service charge cycle if your account is set up to have images of the fronts and backs of your paid checks returned with your statement, regardless of the number of check images returned with a statement or whether any check images are returned with a statement. (This fee will not be charged if, prior to conversion, you receive your paid checks or check images with your statement.) MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly service charge cycle generally beginning on the date of account opening and each monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. BALANCE (OR PRINCIPAL) As of any time during any day will consist of all money previously deposited in and credited to the account but not yet withdrawn from and charged against the account. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. ACCESS AT ELECTRONIC FACILITIES Yes TERMINATION OF ACCOUNT ELIGIBILITY If, at any time after conversion, there is a period of 90 consecutive days during which there is no activity in your account (i.e., deposits and withdrawals), your account will be automatically converted to an M&T First account with us. Thereafter, your account will be governed by the Specific Features and Terms for M&T First Accounts that apply to such accounts that are opened at the branch where you have your account and you will be bound by the terms and conditions contained therein as though you had signed a Deposit Account Opening Request for an M&T First account on the date of the account conversion. Please see the Specific Features and Terms for M&T First accounts below. M&T FIRST KIND OF ACCOUNT Checking Account SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES 1. $8 monthly service charge for each monthly service charge cycle for your M&T First account unless either: a. The average daily balance maintained in the account for that monthly service charge cycle is at least $1,500, or b. The sum of (i) the average daily balance of the account calculated for that monthly service charge cycle and (ii) the sum of the average daily balances of all savings accounts linked to the account calculated for the period 6 coinciding with that monthly service charge cycle and (iii) the sum of the balances of all automatically renewable time deposit accounts (including Holiday Club, Savings Club and automatically renewable Individual Retirement Accounts) linked to the account calculated as of the end of the day before the last day of that monthly service charge cycle is at least $1,500. *Monthly service charge for a monthly service charge cycle is only $5 if you have direct deposits such as Social Security benefits or payroll payments made to the account through an automated clearing house transaction during the monthly service charge cycle. 2. $3 for each monthly service charge cycle if your account is set up to have images of the fronts and backs of your paid checks returned with your statement, regardless of the number of check images returned with a statement or whether any check images are returned with a statement. (This fee will not be charged if, prior to conversion, you receive your paid checks or check images with your statement.) MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly service charge cycle generally beginning on the date of account opening and each monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. BALANCE (OR PRINCIPAL) As of any time during any day will consist of all money previously deposited in and credited to the account but not yet withdrawn from and charged against the account. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. ACCESS AT ELECTRONIC FACILITIES Yes M&T DIRECT CHECKING KIND OF ACCOUNT Non-interest-bearing Negotiable Order of Withdrawal (NOW) Account SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES 1. $5.95 monthly service charge for each monthly service charge cycle for the M&T Direct Checking account unless either: a. there is a direct deposit of funds, such as Social Security benefits or payroll payments, made to the account during that monthly service charge cycle, or b. you have your M&T mortgage payment automatically deducted from your M&T Direct Checking account during that monthly service charge cycle, or c. the sum of (i) the average daily balance of the account calculated for that monthly service charge cycle and (ii) the sum of the average daily balances of all of your M&T Personal Savings and Relationship Savings accounts calculated for the period beginning on the first day of each such savings account s monthly service charge cycle and ending on the day before the last day of the M&T Direct Checking account s monthly service charge cycle is at least $1,500. Average daily balances are calculated by adding the balance in an account for each day of the prescribed period and dividing that figure by the number of days in such period. 2. $3 for each monthly service charge cycle if your account is set up to have images of the fronts and backs of your paid checks returned with your statement, regardless of the number of check images returned or whether any check images are returned. (This fee will not be charged if, prior to conversion, you receive your paid checks or check images with your statement.) MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly service charge cycle generally beginning on the date of account opening and each monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly service charge cycle.

9 STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. BALANCE (OR PRINCIPAL) As of any time during any day will consist of all money previously deposited in and credited to the account but not yet withdrawn from and charged against the account. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. ACCESS AT ELECTRONIC FACILITIES Yes M&T CLASSIC CHECKING WITH INTEREST KIND OF ACCOUNT Interest-bearing Checking Account ACCOUNT CAN BE OPENED BY Individuals age 50 or older RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES There is no monthly maintenance charge and no per-check charge for this account. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. ACCESS AT ELECTRONIC FACILITIES Yes RELATIONSHIP CHECKING WITH INTEREST KIND OF ACCOUNT Interest-bearing Checking Account RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES $10 monthly service charge for each monthly service charge cycle** for your Relationship Checking With Interest account unless either: 1. the average daily balance maintained in the account for that monthly service charge cycle is at least $1,000, or 7 RP CHECKING

10 CHECKING 2. the sum of (a) the average daily balance of the account calculated for that monthly service charge cycle and (b) the sum of the average daily balances of all statement savings, money market and checking accounts linked to the account calculated for the period beginning on the first day of each such linked account s monthly service charge cycle and ending on the day before the last day of this Relationship Checking With Interest account s monthly service charge cycle and (c) the sum of the average daily balances of all passbook savings accounts linked to the account calculated for the period beginning on the first day of each such linked account s interest payment cycle and ending on the day before the last day of this Relationship Checking With Interest account s monthly service charge cycle occurs is at least $2,500, or 3. the sum of (a) the average daily balance of the account calculated for that monthly service charge cycle and (b) the sum of the average daily balances of all statement savings, money market and checking accounts linked to the account calculated for the period beginning on the first day of each such linked account s monthly service charge cycle and ending on the day before the last day of this Relationship Checking With Interest account s monthly service charge cycle and (c) the sum of the average daily balances of all passbook savings accounts linked to the account calculated for the period beginning on the first day of each such linked account s interest payment cycle and ending on the day before the last day of this Relationship Checking With Interest account s monthly service charge cycle and (d) the sum of the current balances of all club accounts, certificates of deposit, and individual retirement accounts linked to the account calculated as of the end of the day before the last day of this Relationship Checking With Interest account s monthly service charge cycle and (e) the sum of the balances of all loans linked to the account, calculated as of the beginning of the first business day of the calendar month immediately preceding the calendar month in which the last day of this Relationship Checking With Interest account s monthly service charge cycle occurs is at least $7,500. Average daily balances are calculated by adding the balance in an account for each day of the prescribed period and dividing that figure by the number of days in such period. **Monthly service charge is only $8 if you have direct deposits such as Social Security benefits or payroll payments made to the account through an automated clearing house transaction during the monthly service charge cycle. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. ACCESS AT ELECTRONIC FACILITIES CHECKING KIND OF ACCOUNT Checking Account SERVICE FEES 1. There is no monthly maintenance charge and no per-check charge for this account. 2. $5 for each monthly service charge cycle if your account is set up to have images of the fronts and banks of your paid checks returned with your statement, regardless of the number of check images returned or whether any check images are returned. (This fee will not be charged if, prior to conversion, you receive your paid checks or check images with your statement.) MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly service charge cycle generally beginning on the date of account opening and each monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. BALANCE (OR PRINCIPAL) As of any time during any day will consist of all money previously deposited in and credited to the account but not yet withdrawn from and charged against the account. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. ACCESS AT ELECTRONIC FACILITIES Yes NON-M&T ATM FEE REBATE You may access the account at M&T ATMs without charge and we will not charge you the first 4 times in a monthly service charge cycle that you access the account at ATMs that are not owned or operated by M&T Bank or its affiliates ( Non-M&T ATMs ). However, the owners and operators of Non-M&T ATMs may charge fees if you use their ATMs to access the account. If this occurs, we will reimburse the account for the amount of the fee, up to $2 per transaction, for the first 4 such transactions during a service charge cycle. We will credit the account for the appropriate amount at the end of each business day on which we process a reimbursable transaction. TERMINATION OF ACCOUNT ELIGIBILITY When the account has been open for 5 years, it will be automatically converted to an M&T Direct Checking account with us. Thereafter, your account will be governed by the Specific Features and Terms for M&T Direct Checking Accounts that apply to such accounts that are opened at the branch where you have your account and you will be bound by the terms and conditions contained therein as though you had signed a Deposit Account Opening Request for an M&T Direct Checking account on the date of the account conversion. We reserve the right to convert your account to an M&T Direct Checking account at any time upon learning that you are no longer a student. 8

11 M&T SELECT WITH INTEREST KIND OF ACCOUNT Interest-bearing Checking Account RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES $14 monthly service charge for each monthly service charge cycle for the M&T Select With Interest account unless either: 1. the average daily balance maintained in the account for that monthly service charge cycle is at least $5,000, or 2. the sum of (a) the average daily balance of the account calculated for that monthly service charge cycle and (b) the sum of the average daily balances of all statement savings, money market and checking accounts linked to the account calculated for the period beginning on the first day of each such linked account s monthly service charge cycle and ending on the day before the last day of this M&T Select With Interest account s monthly service charge cycle and (c) the sum of the average daily balances of all passbook savings accounts linked to the account calculated for the period beginning on the first day of each such linked account s interest payment cycle and ending on the day before the last day of this M&T Select With Interest account s monthly service charge cycle and (d) the sum of the current balances of all club accounts, certificates of deposit, and individual retirement accounts linked to the account calculated as of the end of the day before the last day of this M&T Select With Interest account s monthly service charge cycle and (e) the sum of the balances of all loans linked to the account, calculated as of the beginning of the first business day of the calendar month immediately preceding the calendar month in which the last day of this M&T Select With Interest account s monthly service charge cycle occurs and (f) the sum of the balances of all non-deposit investments linked to the account calculated as of the beginning of the first business day of the calendar month immediately preceding the calendar month in which the last day of this M&T Select With Interest account s monthly service charge cycle occurs is at least $10,000. Average daily balances are calculated by adding the balance in an account for each day of the prescribed period and dividing that figure by the number of days in such period. 3. On the day before the last day of the monthly service charge cycle, you have an existing mortgage in good standing with M&T Bank, the original amount of which was at least $100,000. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. ACCESS AT ELECTRONIC FACILITIES Yes NON-M&T ATM FEE REBATE You may access the account at M&T ATMs without charge and we will not charge you to access the account at ATMs that are not owned or operated by M&T Bank or its affiliates ( non-m&t ATMs ), with certain exceptions. However, the owners and operators of Non-M&T ATMs may charge fees if you use their ATMs to access the account. If this occurs, we will reimburse the account for the amount of the fee, up to $2 per transaction, for the first 4 such transactions during a service charge cycle. We will credit the account for the appropriate amount at the end of each business day on which we process a reimbursable transaction. This does not apply to accounts maintained at M&T branches in Pennsylvania. WORK CHECKING KIND OF ACCOUNT Non-interest-bearing Negotiable Order of Withdrawal (NOW) Account SERVICE FEES 1. $10 monthly service charge for each monthly service charge cycle for the account unless either: a. there is a direct deposit of funds, such as payroll payments or Social Security benefits, made to the account during that monthly service charge cycle, or b. you have your M&T mortgage payment automatically deducted from your Work Checking account during that monthly service charge cycle. 2. $3 for each monthly service charge cycle if your account is set up to have images of the fronts and banks of your paid checks returned with your statement, regardless of the number of check images returned or whether any check images are returned. (This fee will not be charged if, prior to conversion, you receive your paid checks or check images with your statement.) CHECKING 9 RP

12 CHECKING MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly service charge cycle generally beginning on the date of account opening and each monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. BALANCE (OR PRINCIPAL) As of any time during any day will consist of all money previously deposited in and credited to the account but not yet withdrawn from and charged against the account. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. ACCESS AT ELECTRONIC FACILITIES Yes POWER CHECKING KIND OF ACCOUNT Interest-bearing Checking Account RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES $24 monthly service charge for each monthly service charge cycle for the Power Checking account unless either: 1. on the day before the last day of the monthly service charge cycle, you have an existing mortgage in good standing with M&T Bank, the original amount of which was at least $200,000, or 2. the sum of (a) the average daily balance of the account calculated for that monthly service charge cycle and (b) the sum of the average daily balances of all statement savings, money market and checking accounts linked to the account calculated for the period beginning on the first day of each such linked account s monthly service charge cycle and ending on the day before the last day of this Power Checking account s monthly service charge cycle and (c) the sum of the average daily balances of all passbook savings accounts linked to the account calculated for the period beginning on the first day of each such linked account s interest payment cycle and ending on the day before the last day of this Power Checking account s monthly service charge cycle and (d) the sum of the current balances of all club accounts, certificates of deposit, and individual retirement accounts linked to the account calculated as of the end of the day before the last day of this Power Checking account s monthly service charge cycle and (e) the sum of the balances of all loans linked to the account, calculated as of the beginning of the first business day of the calendar month immediately preceding the calendar month in which the last day of this Power Checking account s monthly service charge cycle occurs and (f) the sum of the balances of all non-deposit investments linked to the account calculated as of the beginning of the first business day of the calendar month immediately preceding the calendar month in which the last day of this Power Checking account s monthly service charge cycle occurs is at least $50,000. Average daily balances are calculated by adding the balance in an account for each day of the prescribed period and dividing that figure by the number of days in such period. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. ACCESS AT ELECTRONIC FACILITIES Yes NON-M&T ATM FEE REBATE You may access the account at M&T ATMs without charge and we will not charge you to access the account at ATMs that are not owned or operated by M&T Bank or its affiliates ( Non-M&T ATMs ). However, the owners and operators of Non-M&T ATMs may charge fees if you use their ATMs to access the account. If this occurs, we will reimburse the account for the amount of the fee, up to $2 per 10

13 transaction, for the first 15 such transactions during a service charge cycle. We will credit the account for the appropriate amount at the end of each business day on which we process a reimbursable transaction. EMPLOYEE M&T SELECT WITH INTEREST KIND OF ACCOUNT Interest-bearing Checking Account ACCOUNT CAN BE OPENED BY Any employee of M&T Bank or any of its affiliates who has arranged to have his or her pay deposited directly to the account. RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES Unless the account holder is an employee or retiree of M&T Bank or any of its affiliates and has his or her pay or retirement benefits deposited directly to the account, $14 monthly service charge for each monthly service charge cycle for the Employee M&T Select With Interest account unless either: 1. the average daily balance maintained in the account for that monthly service charge cycle is at least $5,000, or 2. the sum of (a) the average daily balance of the account calculated for that monthly service charge cycle and (b) the sum of the average daily balances of all statement savings, money market and checking accounts linked to the account calculated for the period beginning on the first day of each such linked account s monthly service charge cycle and ending on the day before the last day of this Employee M&T Select With Interest account s monthly service charge cycle and (c) the sum of the average daily balances of all passbook savings accounts linked to the account calculated for the period beginning on the first day of each such linked account s interest payment cycle and ending on the day before the last day of this Employee M&T Select With Interest account s monthly service charge cycle and (d) the sum of the current balances of all club accounts, certificates of deposit, and individual retirement accounts linked to the account calculated as of the end of the day before the last day of this Employee M&T Select With Interest account s monthly service charge cycle and (e) the sum of the balances of all loans linked to the account, calculated as of the beginning of the first business day of the calendar month immediately preceding the calendar month in which the last day of this Employee M&T Select With Interest account s monthly service charge cycle occurs and (f) the sum of the balances of all non-deposit investments linked to the account calculated as of the beginning of the first business day of the calendar month immediately preceding the calendar month in which the last day of this Employee M&T Select With Interest account s monthly service charge cycle occurs is at least $10,000. Average daily balances are calculated by adding the balance in an account for each day of the prescribed period and dividing that figure by the number of days in such period.** 3. on the day before the last day of the monthly service charge cycle, you have an existing mortgage in good standing with M&T Bank, the original amount of which was at least $100,000. **Monthly service charge is not assessed if the account holder is an employee and has his or her pay deposited directly to the account, but will be assessed if employment terminates or if the employee s pay is no longer deposited directly to the account. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Checking Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. ACCESS AT ELECTRONIC FACILITIES Yes NON-M&T ATM FEE REBATE You may access the account at M&T ATMs without charge and we will not charge you to access the account at ATMs that are not owned or operated by M&T Bank or its affiliates ( non-m&t ATMs ), with certain exceptions. However, the owners and operators of Non-M&T ATMs may charge fees if you use their ATMs to access the account. If this occurs, we will reimburse the account for the amount of the fee, up to $2 per transaction, for the first 4 such transactions during a service charge cycle. We will credit the account for the appropriate amount at the end of each business day on which we process a reimbursable transaction. This does not apply to accounts maintained at M&T branches in Pennsylvania. CHECKING 11 RP

14 SAVINGS AND MONEY MARKET PERSONAL SAVINGS AND MONEY MARKET ACCOUNTS Here are answers to some questions you may have about your Provident personal savings and money market accounts after the conversion. Q. What will happen to my Provident savings or money market account when Provident and M&T merge? A. When Provident and M&T merge, your savings or money market account at Provident will be moved onto M&T systems and will become an M&T personal savings or money market account. Q. What type of savings or money market account will I have at M&T? A. We have reviewed the terms of each type of savings and money market account available at Provident and have matched each account type to the M&T account that we believe is most suitable. These matched accounts are shown in the chart following these Q&As. Your Provident account will automatically become the type of M&T account indicated in the chart but we would be happy to discuss all of our savings and money market account options with you. If another M&T account better suits your needs, we will be happy to work with you to change the type of account after the conversion date. Simply stop by any branch or give us a call. Q. Will my Provident savings or money market account number change? A. Yes. When Provident and M&T merge, your savings or money market account at Provident will be assigned a new account number. We will send your new account number in a separate mailing. Please be assured that your recurring direct deposits will continue without interruption, even though your account number is changing. If you now have check access to your account you may continue to use your current supply of checks, as well as deposit and withdrawal slips. Q. What should I know about interest payable on savings and money market accounts at M&T? A. Interest rates on savings and money market accounts are variable, may change daily (as opposed to weekly at Provident), are not tied to any index, and are set by us at our discretion. Provident s Benefit Banking program and other similar relationship banking programs will not be continued after the conversion. Therefore, interest rates paid on savings and money market accounts will be based on M&T s standard rates for each account type or, if an account paid a promotional rate for a designated period of time, this rate will continue at least until the expiration of that period. After conversion, interest earned on your account will be credited directly to the account. However, if you wish to have credited interest transferred to another M&T account, please visit any branch after the conversion date. Minimum balance to earn interest is a collected balance that must be maintained as of the end of any day to earn interest for that day. Interest is calculated using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. Interest rates are tiered, meaning that different interest rates may apply to different balances. The number and ranges of the tiers may be different from the interest rate tiers at Provident. The interest rates for each tier can vary daily and the rates for different balance tiers may sometimes be the same. The interest rate tiers for each account are set forth in the Specific Features and Terms for that account. Q. Will paid checks or images of paid checks be returned with statements for my savings or money market account? A. No. Statements for M&T money market and savings accounts do NOT include original paid checks or images of such checks. If you have such an account and wish to view or print copies of your paid checks, you may enroll in M&T Web Banking to do so. After conversion, copies of your paid (canceled) checks will be held for safekeeping through our Check Safekeeping service. Q. What transaction limits apply to savings and money market accounts? A. During any calendar month: 1. No more than 6 withdrawals can be made by check (if you have check writing authority), by a preauthorized, automatic or telephonic transfer to another deposit account with us or to a third party (including a transfer made via the Internet) or by a transfer to a third party made using an electronic banking card (for example, a transfer to pay for goods or services); AND 2. No more than 3 of the 6 withdrawals can be made by a transfer to a third party using an electronic banking card or by check (if you have check writing authority). If you exceed the number of transactions permitted by law, we reserve the right to close the account. Q. What fees will apply if I overdraw my M&T savings or money market account? A. If you overdraw your account, two types of fees may be charged: Insufficient funds (NSF) fee: After conversion, a fee of $32 will be charged to your savings or money market account whenever we process an item for payment against insufficient funds, whether or not we pay it. Extended overdraft fee: If your savings or money market account becomes overdrawn as a result of our payment of any transaction you have authorized, and you fail to timely repay the negative balance in your account, your account will be charged with a $10 extended overdraft fee for every 5 consecutive business days that the account remains overdrawn until the earlier of (a) the business day that you repay all amounts owed or (b) 40 business days after the account became overdrawn. For more information about these fees, please see the Additional Fees for Consumer Savings Accounts on page 21, and the Notice Regarding Overdrafts and Order of Payment of Debit Items on page 27. Q. What documents will govern my savings or money market account at M&T? A. After the conversion date, your M&T savings or money market account will be governed by the following documents: General Deposit Account Agreement Notice Regarding Overdrafts and Order of Payment of Debit Items Availability Disclosure for Consumer Deposit Accounts New schedule for funds availability: Funds deposited to your account may be available for withdrawal on a different schedule from before. Generally, funds from check deposits will be made available in either one, two or three days. Specific Features and Terms for the specific type of account you will have at M&T Additional Fees for Consumer Savings Accounts Fees for Special Services Electronic Banking Card and Telephone Transaction Disclosure and Agreement These documents will apply to your account as though you had signed a deposit account opening request for your M&T account on the conversion date and are set forth in full in this booklet. IMPORTANT: Some of the terms of these documents differ from the terms of the documents that govern your Provident account today. Differences in many terms that are required to be disclosed are referenced in the chart following these Q&As. Other terms may also be important to you so we encourage you to review all of the information in this booklet carefully and to contact us with any questions. 12

15 IF THIS IS YOUR PROVIDENT ACCOUNT ON THE CONVERSION DATE If you are younger than 18 years old and have either 1. Passbook Savings OR 2. Statement Savings If you are 18 years or older and have either 1. Passbook Savings OR 2. Statement Savings College Student Savings Bank at Work Savings THIS WILL BE YOUR ACCOUNT AT M&T BANK M&T Starter Savings Relationship Savings NEW BALANCE REQUIREMENTS AND MONTHLY SERVICE FEES FOR YOUR M&T ACCOUNT No minimum balance requirement. No monthly service fee. No monthly service fee or excess withdrawal fee with $250 minimum daily balance in this account; OR if you have an M&T consumer checking account. If neither of these requirements is met, a $5 service fee will be assessed for that monthly service charge cycle. A $1 transaction fee will apply for each withdrawal over four during the monthly service charge cycle.* The $5 monthly service fee will be waived for the first 2 service charge cycles (6 service charge cycles if your current account is a Passbook Savings account) after the conversion date but the $1 transaction fee will apply from the conversion date. OTHER IMPORTANT INFORMATION ABOUT YOUR M&T ACCOUNT Quarterly statement (or monthly if the statement for this account is combined with a checking account statement). Interest is compounded daily and credited quarterly. Quarterly statement (or monthly if the statement for this account is combined with a checking account statement or your account at Provident was a Passbook Savings account). SAVINGS AND MONEY MARKET Premium Money Market Platinum Reserve Money Market M&T Market Advantage No monthly service fee or excess withdrawal fee with $2,500 minimum daily balance in this account. If balance falls below this level on any day of the monthly service charge cycle, a $10 monthly service fee and a transaction fee of $1 for each withdrawal over four during the cycle will apply.* The $10 monthly service fee will be waived for the first 2 service charge cycles after the conversion but the $1 transaction fee will apply from the conversion date. Monthly statement. Retail Online Savings M&T e-money Market No monthly service fee. $1 transaction fee for each withdrawal over four during a monthly service charge cycle.* Monthly paper statement (electronic statements available if you enroll). Regular Money Market Preferred Savings No monthly service fee or excess withdrawal fee with $2,500 minimum daily balance in this account. If balance falls below this level on any day of the monthly service charge cycle, an $8 monthly service fee and a transaction fee of $1 for each withdrawal over four during the cycle will apply.* The $8 monthly service fee will be waived for the first 2 service charge cycles after the conversion but the $1 transaction fee will apply from the conversion date. Monthly statement. CDARS Settlement Account Preferred Savings (for CDARS Settlement Accounts) No monthly service fee or excess withdrawal fee. Quarterly statement (or monthly if the statement for this account is combined with a checking account statement). Interest rates will not be tied to rates paid on any other account or index and will be determined in our discretion. Funds transferred to or deposited into your settlement account (e.g., upon maturity of your CDARS CDs) will remain in the account until you take action. These funds may exceed FDIC insurance limits. *A withdrawal includes, among other things, a withdrawal made by a check, at a teller, by using an electronic banking card to transfer funds to another deposit account with M&T Bank, obtain cash, or pay the purchase price of goods and services, or by transfer made by telephone to another deposit account with M&T Bank. 13 RP

16 SAVINGS AND MONEY MARKET SPECIFIC FEATURES AND TERMS (Consumer Savings and Money Market Accounts) M&T STARTER SAVINGS KIND OF ACCOUNT Statement Savings Account ACCOUNT CAN BE OPENED BY Individuals under 18 years of age.* *Eligibility to maintain M&T Starter Savings account terminates upon minor s attainment of age 18. RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES There is no monthly maintenance charge for this account. MONTHLY INTEREST PAYMENT CYCLE In general, the beginning and ending dates of each monthly interest payment cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle generally beginning on the date of account opening and each monthly interest payment cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle. STATEMENT PERIOD Quarterly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Savings Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. TRANSACTION LIMITATIONS During any calendar month: 1. No more than 6 withdrawals can be made by a preauthorized, automatic or telephonic transfer to another deposit account with us or to a third party (including a transfer made via the Internet using our PC banking or web banking service) or by a transfer to a third party made using an electronic banking card (for example, a transfer to pay the purchase price of goods or services). 2. No more than 3 of the 6 withdrawals can be made by a transfer to a third party using an electronic banking card. No withdrawal can be made by a check. ACCESS AT ELECTRONIC FACILITIES Yes, with parental consent. NOT TRANSFERABLE (as defined in 12 CFR 204) RELATIONSHIP SAVINGS KIND OF ACCOUNT Statement Savings Account RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES 1. $5 service charge for each monthly service charge cycle unless either: (a) on the service charge cycle date, you have a consumer Checking account with M&T Bank, or

17 (b) the balance in the Relationship Savings account is at least $250 as of the end of any day of that service charge cycle. 2. $1 excess withdrawal fee for each withdrawal, except for the first 4 withdrawals, charged against the account during any monthly service charge cycle. The $1 excess withdrawal fee is in addition to any fee for any electronic fund transfer made by using an electronic banking card or by using any electronic fund transfer service we make available, including, but not limited to, any Internet service. A withdrawal includes, among other things, a withdrawal made by a check, at a teller, by using an electronic banking card to transfer funds to another deposit account with us, obtain cash, or pay the purchase price of goods or services, or by transfer made by telephone to another deposit account with us. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the monthly interest payment cycle and monthly service charge cycle for the account will be the same. The beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Quarterly cycle ADDITIONAL FEES See accompanying schedules of Additional Fees for Consumer Savings Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. TRANSACTION LIMITATIONS During any calendar month: 1. No more than 6 withdrawals can be made by a preauthor ized, automatic or telephonic transfer to another deposit account with us or to a third party (including a transfer made via the Internet using our PC banking or web banking service) or by a transfer to a third party made using an electronic banking card (for example, a transfer to pay the purchase price of goods or services). 2. No more than 3 of the 6 withdrawals can be made by a transfer to a third party using an electronic banking card. No withdrawal can be made by a check. ACCESS AT ELECTRONIC FACILITIES Yes NOT TRANSFERABLE (as defined in 12 CFR 204) M&T MARKET ADVANTAGE KIND OF ACCOUNT Statement Savings Account with optional checkwriting RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES 1. $10 service charge for each monthly service charge cycle if the balance is below $2,500 as of the end of any day of that service charge cycle. 2. $1 excess withdrawal fee for each withdrawal, except for the first 4 withdrawals, charged against the account during any monthly service charge cycle if the balance is below $2,500 as of the end of any day of that service charge cycle. The $1 excess withdrawal fee is in addition to any fee for any electronic fund transfer made by using an electronic banking card or by using any electronic fund transfer service we make available, including, but not limited to, any Internet service. A withdrawal includes, among other things, a withdrawal made by a check, at a teller, by using an electronic banking card to transfer funds to another deposit account with us, obtain cash, or pay the purchase price of goods or services, or by transfer made by telephone to another deposit account with us. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the monthly interest payment cycle and monthly service charge cycle for the account will be the same. The beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES 1. See section entitled Checking Related Fees for fees which may be incurred in connection with checkwriting option. 2. Also see accompanying schedules of Additional Fees for Consumer Savings Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. 15 RP SAVINGS AND MONEY MARKET

18 SAVINGS AND MONEY MARKET MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. TRANSACTION LIMITATIONS During any calendar month: 1. No more than 6 withdrawals can be made by a check, by a preauthorized, automatic or telephonic transfer to another deposit account with us or to a third party (including a transfer made via the Internet using our PC banking or web banking service) or by a transfer to a third party made using an electronic banking card (for example, a transfer to pay the purchase price of goods or services). 2. No more than 3 of the 6 withdrawals can be made by a check or by a transfer to a third party using an electronic banking card. ACCESS AT ELECTRONIC FACILITIES Yes CHECKING RELATED FEES 1. $30 stop payment fee for each order to stop payment of a check or preauthorized payment to be made by an electronic fund transfer from the account, and for each renewal of such an order. 2. $5 check photocopy fee for each copy of a check written on the account that we pay. 3. Check order fee, which varies depending upon the style and number of checks ordered. 4. $1 counter check fee for each counter check you purchase. NOT TRANSFERABLE (as defined in 12 CFR 204) M&T e-money MARKET KIND OF ACCOUNT Statement Savings Account with optional checkwriting RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 but less than $500,000 At least $500,000 but less than $1,000,000 At least $1,000,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES 1. There is no monthly maintenance charge for this account. 2. $1 excess withdrawal fee for each withdrawal, except for the first 4 withdrawals, charged against the account during any monthly service charge cycle. The $1 excess withdrawal fee is in addition to any fee for any electronic fund transfer made by using an electronic banking card or by using any electronic fund transfer service we make available, including, but not limited to, any Internet service. A withdrawal includes, among other things, a withdrawal made by a check, at a teller, by using an electronic banking card to transfer funds to another deposit account with us, obtain cash, or pay the purchase price of goods or services, or by transfer made by telephone to another deposit account with us. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the monthly interest payment cycle and monthly service charge cycle for the account will be the same. The beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle ADDITIONAL FEES 1. See section entitled Checking Related Fees for fees which may be incurred in connection with checkwriting option. 2. Also see accompanying schedules of Additional Fees for Consumer Savings Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. TRANSACTION LIMITATIONS During any calendar month: 1. No more than 6 withdrawals can be made by a check, by a preauthorized, automatic or telephonic transfer to another deposit account with us or to a 16

19 third party (including a transfer made via the Internet using our PC banking or web banking service) or by a transfer to a third party made using an electronic banking card (for example, a transfer to pay the purchase price of goods or services). 2. No more than 3 of the 6 withdrawals can be made by a check or by a transfer to a third party using an electronic banking card. ACCESS AT ELECTRONIC FACILITIES Yes NOT TRANSFERABLE (as defined in 12 CFR 204) PREFERRED SAVINGS KIND OF ACCOUNT Statement Savings Account with optional checkwriting RATE INFORMATION Interest rate may change daily, is not tied to any index and is set at our discretion. Annual percentage yield* may change daily. The interest rate tiers for this account are as follows: At least $1 but less than $2,500 At least $2,500 but less than $10,000 At least $10,000 but less than $25,000 At least $25,000 but less than $50,000 At least $50,000 but less than $100,000 At least $100,000 *The annual percentage yield is a hypothetical rate that assumes that the interest rate will not change although in fact it may change daily after the date shown above. ACCRUAL OF INTEREST ON NONCASH DEPOSITS Interest begins to accrue on a noncash item (for example, a check) deposited in the account on the business day we receive credit for the item. FREQUENCY OF COMPOUNDING AND CREDITING OF INTEREST Interest is compounded daily and credited to the account at the end of the last day of each monthly interest payment cycle, and on the date the account is closed. COMPUTATION OF INTEREST (BALANCE COMPUTATION METHOD) Interest is computed each day using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. SERVICE FEES AND MINIMUM BALANCE TO AVOID SERVICE FEES 1. $8 service charge for each monthly service charge cycle if the balance is below $2,500 as of the end of any day of that service charge cycle. 2. $1 excess withdrawal fee for each withdrawal, except for the first 4 withdrawals, charged against the account during any monthly service charge cycle if the balance is below $2,500 as of the end of any day of that service charge cycle. The $1 excess withdrawal fee is in addition to any fee for any electronic fund transfer made by using an electronic banking card or by using any electronic fund transfer service we make available, including, but not limited to, any Internet service. A withdrawal includes, among other things, a withdrawal made by a check, at a teller, by using an electronic banking card to transfer funds to another deposit account with us, obtain cash, or pay the purchase price of goods or services, or by transfer made by telephone to another deposit account with us. The monthly service charge and excess withdrawal fee will not be charged on former Provident CDARS Settlement Accounts. MONTHLY INTEREST PAYMENT CYCLE AND MONTHLY SERVICE CHARGE CYCLE In general, the monthly interest payment cycle and monthly service charge cycle for the account will be the same. The beginning and ending dates of each monthly interest payment cycle and each monthly service charge cycle depend upon the account opening date and will cover a period of not less than 28 days nor more than 31 days, with the first monthly interest payment cycle and monthly service charge cycle generally beginning on the date of account opening and each monthly interest payment cycle and monthly service charge cycle thereafter beginning on the date next following the ending date of the previous monthly interest payment cycle and monthly service charge cycle. STATEMENT PERIOD Monthly cycle (Former CDARS settlement accounts will receive quarterly statements.) ADDITIONAL FEES 1. See section entitled Checking Related Fees for fees which may be incurred in connection with checkwriting option. 2. Also see accompanying schedules of Additional Fees for Consumer Savings Accounts, Fees for Special Services and Fees for Use of Electronic Banking Card. MINIMUM BALANCE TO EARN INTEREST AND OBTAIN ANNUAL PERCENTAGE YIELD 1. The balance available to earn interest minus all interest earned on money in the account but not yet credited to the account must be at least $1 as of the end of any day to earn interest that day. 2. See section entitled Rate Information for minimum balance required to obtain annual percentage yield. BALANCE (OR PRINCIPAL) As of any time during any day will consist of: 1. All money previously deposited in and credited to the account but not yet withdrawn from and charged against the account plus 2. All interest credited to the account before that day but not yet withdrawn from and charged against the account. BALANCE AVAILABLE TO EARN INTEREST As of any time during any day will consist of: 1. The balance as of that time plus 2. All interest earned on money in the account before that day but not yet credited to the account minus 3. All noncash items (for example, checks) that were deposited in the account and for which we have not yet received credit. BALANCE AVAILABLE FOR WITHDRAWAL As of any time during any day will consist of the funds available for withdrawal in accordance with the Availability Disclosure for Consumer Deposit Accounts. METHOD OF PAYMENT OF INTEREST As requested: 1. By crediting the account or 2. By crediting the account followed immediately by transfer to a Checking or Savings account with us. TRANSACTION LIMITATIONS During any calendar month: 1. No more than 6 withdrawals can be made by a check, by a preauthor ized, automatic or telephonic transfer to another deposit account with us or to a third party (including a transfer made via the Internet using our PC banking or web banking service) or by a transfer to a third party made using an electronic banking card (for example, a transfer to pay the purchase price of goods or services). 2. No more than 3 of the 6 withdrawals can be made by a check or by a transfer to a third party using an electronic banking card. ACCESS AT ELECTRONIC FACILITIES Yes CHECKING RELATED FEES 1. $30 stop payment fee for each order to stop payment of a check or preauthorized payment to be made by an electronic fund transfer from the account, and for each renewal of such an order. 2. $5 check photocopy fee for each copy of a check written on the account that we pay. 3. Check order fee, which varies depending upon the style and number of checks ordered. 4. $1 counter check fee for each counter check you purchase. NOT TRANSFERABLE (as defined in 12 CFR 204) SAVINGS AND MONEY MARKET 17 RP

20 CERTIFICATES OF DEPOSIT CERTIFICATE OF DEPOSIT ACCOUNTS Here is some important information if you have a Provident CD that matures on or after the conversion date: Q. What will happen to my Provident CD until the date that it matures? A. All features and terms of your Provident CD will remain the same until its first maturity date on or after the conversion date, except that the availability of funds deposited into that account will be governed by M&T s funds availability policy (see page 27 for the Availability Disclosure for Consumer Deposit Accounts). What will happen to your CD when it matures after conversion depends upon the type of CD you have at Provident, as discussed in the chart following these Q&As. Q. What will happen to my automatically renewable Provident CD when it matures for the first time either on or after the conversion date? A. Unless you notify us not to renew your CD, it will automatically renew as a new fixed-rate M&T CD. Depending on the type of CD you have at Provident, it will renew as the type of M&T CD shown in the chart following these Q&As. The term of your new M&T CD: Will be the same as the term of your maturing Provident CD or, if we do not offer that term, the nearest shorter or longer term we do offer; and Will begin on the maturity date of your old CD and interest will be paid from that date at the interest rate for the new CD. If you do not want to have your Provident CD automatically renew, you may notify us no later than 10 days after it matures. If you elect not to renew your Provident CD, interest will be paid only up to the maturity date. Q. What should I know about interest payable on M&T CDs if my CD account is renewed at maturity? A. Compounding, crediting and tax reporting of interest. Interest will be compounded daily on a 365/365 day basis, and unless you request otherwise, will be credited monthly based on the issue date of the account and on the day before maturity. If you would like to change the frequency of your interest crediting to quarterly, semi-annually or annually, please let us know. M&T will report interest for tax purposes based on interest accrued through yearend regardless of when interest is credited. Minimum balance to earn interest is a collected balance that must be maintained as of the end of any day to earn interest for that day; Interest is calculated using the daily balance method, under which we apply 1/365 of the interest rate for that day to the balance available to earn interest as of the end of that day. Provident s Benefit Banking program and other similar relationship banking programs will not be continued after the conversion. Therefore, interest rates paid on CD accounts on their first maturity on or after conversion will be based on rates M&T then offers for each account type. Q. When can I make additional deposits to an add-on CD? A. Additional deposits may be made at any time except during the 6-day period ending the day before a maturity date. Additional deposits must be at least $250 or $50 if made by automatic transfer from another M&T account. No more than $25,000 may be added to an account during any term. Q. Will my CD account number change? A. Yes. When Provident and M&T merge, your CD will be assigned a new account number. We will send your new account number in a separate mailing. Q. Will I receive statements for my CD after conversion? A. No statements will be provided, unless your account is a CDARS CD. Q. When can I make changes to my renewing CD account or withdraw funds without penalty? A. When your CD renews at M&T Bank, there is a grace period of 10 calendar days during which you may make changes to the term of your renewing account. You may withdraw all or part of the funds in your account without penalty during the grace period; however, any funds withdrawn from your account during the grace period will not earn any interest. Q. What penalties apply if I withdraw funds before my CD matures (early withdrawal penalties)? A. The withdrawal of principal from a CD account before its maturity date is subject to the approval of M&T Bank. If you request to withdraw principal from a CD prior to the account s maturity date and we permit the withdrawal, a penalty may be imposed for such early withdrawal. The penalty for early withdrawal is equal to simple interest on the amount withdrawn, based on the term of the account during which the withdrawal is made as follows: Term of Account Penalty Less than 365 days 91 days simple interest More than 364 days 182 days simple interest The amount of the penalty in either case is calculated at the interest rate in effect when the withdrawal is made. (The early withdrawal of principal from your CD prior to its first maturity on or after the conversion date, and the penalties that apply in cases where an early withdrawal is permitted, will continue to be governed by the existing terms and conditions that apply to your CD at Provident.) Q. What documents will govern my CD account at M&T? A. Until your CD matures for the first time, its terms will remain unchanged, except that the availability of funds deposited into that account will be governed by M&T s funds availability policy. After the first maturity of your Provident CD following the conversion date, your account will be governed by the following documents: General Deposit Account Agreement Availability Disclosure for Consumer Deposit Accounts Funds deposited to your account may be available for withdrawal on a different schedule from before. Generally, funds from check deposits will be made available in either one, two or three days. Specific Features and Terms for the specific type of account you will have at M&T Fees for Special Services These documents will apply to your account as though you had signed a deposit account opening request for your M&T account at renewal. 18