Changes effective May 1, 2012

Transcription

1 Important, Other effective May 1, 2012 For more information contact us at (888) or visit us online at

2 Important Important, Other Other Deposit Reclassification & Banking Centers & of Operation

3 Important, Other Important Let s Review Some Important! We have updated some of our products and services. Please review this brochure for the changes made to the products and services offered by St. Martin Bank and Trust Co. Some of the service fees may have changed and some of the balances to avoid service fees may have changed. The charts shown within this brochure for personal and business services reflect information for each type of account. The explains our overdraft policy in detail. The options include our standard overdraft privilege practices as well as other overdraft coverage options. The Schedule of Fees and Other list additional fees for services offered. Please review these changes which will become effective May 1, We have consolidated some of the existing deposit account types. We have done our best to match these current account services and benefits with newer products. Please review the chart shown below to determine if your current account product type has changed. If you see another account which may better suit your needs, please call us at or stop by any of our banking centers to discuss further. Accounts* If your account is currently... Budget Checking with Direct Deposit Budget Checking No Direct Deposit Prime Checking Super Now Checking Student Checking It will change to this account echecking Regular Checking NOW Checking NOW Checking Kasasa Tunes Checking Notice to existing personal and business Passbook Savings customers: Your account will incur a semi-annual service fee of $10 if the minimum daily balance in the account is less than $ Deposit Accounts* If your account is currently... Commercial Checking Money Market Statement Savings It will change to this account Checking Money Market Statement Savings *Specific account details, including fees and other charges can be found within this brochure.

4 Important General Information USA PATRIOT Act Important Information About Procedures for Opening a New Account: On October 26, 2001, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act was signed into law, commonly known as the USA PATRIOT Act. Convenience St. Martin Bank provides a variety of services for your convenience. Mastercard Debit Card Use your debit card wherever Mastercard is accepted and the purchases come out of your checking account. Overdraft Options Schedule of Fees Other To help the government fight the funding of terrorism and money laundering activities, the Act requires all financial institutions to obtain, verify, and record information which identifies each person who opens an account. What this means for you: when you open an account, we will ask for your name, address, date of birth, and other information which will allow us to identify you. We may also ask to see your driver s license or other identifying documents. As a financial institution, we are required to do our part to protect the country from terrorists and other types of criminal activity. St. Martin Bank cannot and will not waive these requirements. Please help us to protect our country. Our Relationship with You Maintaining a good relationship with our customers is very important to us. Please contact us if you have a problem with any account or service. Identification To open an account at the Bank, you will need two current forms of acceptable identification. With limited exceptions, the Bank requires an appropriate social security number or taxpayer s identification number. Deposit accounts for fiduciaries, partnerships, corporations and assumed business names must also provide the Bank with valid documentation of trust agreements, court orders, partnership agreements, certificates of limited partnership, articles of incorporation, and assumed business name statement in addition to any other documentation deemed necessary by the Bank. Use your debit card to withdraw cash from any ATM machine where you see the Cirrus or Shazam emblem.* Online Banking and Bill Pay FREE access to your account balance and transaction history 24/7. Stay in control of your bills by scheduling online bill payments. Sign up for estatements and mobile Text Alerts. Transfer funds anytime, from anywhere. Mobile Banking FREE access to your account balance and transaction history 24/7. Sign up for mobile Text Alerts. Transfer funds anytime, from anywhere. InfoLink Voice Banking FREE access to your account balance and transaction history 24/7 via touch tone phone. Transfer funds, check balances, review checks and deposits which have cleared and posted. Dial to access Info-Link. *A surcharge may be assessed by the owner of a non-st. Martin Bank ATM, plus a $2 fee will be assessed on any withdrawal or balance inquiry made at an ATM not owned by St. Martin Bank.

5 Important Type Designed for Those Who Kasasa Cash & Kasasa Cash with Stmt Want to earn a high rate of interest on their checking account and receive refunds on ATM fees. Kasasa Tunes e-checking NOW Checking & NOW Bonus Checking Want to earn itunes credits. Are interested in going green and want no monthly service fee. Want to earn interest on their checking account with no qualifications to meet., Minimum Deposit to Open Account Avoid Monthly Service Fees $50.00 $50.00 $50.00 $50.00 N/A N/A N/A $1,200 minimum daily balance on NOW $2,500 minimum daily balance on NOW Bonus Checking reduces service fee to $6.99 Other Monthly Service Fee $0 for Kasasa Cash. $3 for Kasasa Cash with Stmt. $0 $0 $11.99 (NOW Checking) $14.99 (NOW Bonus Checking) Transaction Limitations Unlimited Unlimited Unlimited Unlimited- $0.15 per debit cleared in excess of 40 during any statement cycle where the minimum daily balance is less than $1,200 in NOW or $2,500 in NOW Bonus. Minimum Balance $0.01 N/A N/A $0.01 Special Features Free online banking & bill pay. Earn massive interest and ATM fee refunds when monthly qualifications are met during the qualification cycle. To qualify just: have at least 10 debit card purchases post and clear; have at least 1 direct deposit or recurring, third-party payment post and clear; receive estatements; access Kasasa 360 online. Unlimited ATM withdrawals from any SMB ATM or one carrying the Community Cash logo. Free online banking & bill pay. Earn itunes downloads and ATM fee refunds when monthly qualifications are met during the qualification cycle. To qualify just: have at least 12 debit card purchases post and clear; receive estatements; access online banking using secure login. Unlimited ATM withdrawals from any SMB ATM or one carrying the Community Cash logo. Free online banking & bill pay. Receive estatement through secured login in online banking. No statements will be mailed. Unlimited ATM withdrawals from any SMB ATM or one carrying the Community Cash logo. Unlimited check writing and debit card purchases with minimum daily balance shown above. Unlimited ATM withdrawals from any SMB ATM or one that carries the Community Cash logo.

6 Important Type Bonus Checking Regular Checking & Platinum Checking Designed for Those Who, continued Want membership privileges and accidental/death dismemberment coverage. Want a flat rate for their check writing needs. Kasasa Saver Money Market Savings Have a Kasasa Cash account and want to earn interest in Saver. Works with Kasasa Cash to earn interest. Keep a high balance and want an interest rate which adjusts with the market. Want to build their savings without a fixed term. Minimum Deposit to Open Account $50.00 $50.00 $50.00 $50.00 $50.00, Avoid Monthly Service Fees N/A $800 minimum daily balance on Regular Checking. N/A $2,500 minimum daily balance. $250 minimum daily balance. $100 minimum daily balance on Platinum Checking. Other Monthly Service Fee $10 (Single coverage) $11 (Joint coverage) $12 (Family coverage) Regular Checking $5, if minimum daily balance is between $400 and $800. $10, if minimum daily balance is below $400. $10.00 $5 assessed quarterly. Platinum Checking $5, if minimum daily balance is below $100. Transaction Limitations Unlimited Unlimited- $0.15 per check cleared in excess of 40 during any statement cycle where the minimum daily balance is less than $800 in Regular Checking. Unlimited in Platinum. Point of Sale and electronic debit transactions are not allowed. ATM & Online Transfers are allowed. No more than 6 debits/ withdrawals/transfers unless made through ATMs, in-person, by mail or messenger. $10 per debit, transfer or check cleared after 6 allowed. $3 per withdrawal after 5 teller withdrawals in quarterly period. Point of Sale and electronic debit transactions are not allowed. ATM & Online Transfers are allowed. Minimum Balance to Earn Interest N/A N/A $0.01 $2,500 $50 Special Features Unlimited check writing and debit card purchases. Unlimited ATM withdrawals from any SMB ATM or one that carries the Community Cash logo. Unlimited ATM withdrawals from any SMB ATM or one that carries the Community Cash logo. Interest and ATM fee refunds from Kasasa Cash are deposited directly into Saver. When you qualify on Kasasa Cash, you qualify on Saver. Saver can be tied to a Kasasa Cash to gain access at an ATM. Unlimited ATM withdrawals from any SMB ATM or one that carries the Community Cash logo. Savings account can be tied to a SMB Checking account to gain access at an ATM.

7 Important, Other We fit banking solutions to your business needs and make doing business as simple as possible. Loans SMB prides itself on its lending division. The Bank s capable and creative staff makes the loan application process simple and convenient. loans are tailored to meet individual needs. Because of the Bank s local Board of Directors, quick turnaround can be delivered on loan requests. Loans are originated for many varied purposes including: Agricultural Commercial Real Estate Working Capital, Equipment Loans, Expansion Loans, Lines of Credit Letters of Credit Small Loans SBA 504 and SBA 7 (a) Low Doc And other business needs Checking & Savings Solutions We offer deposit accounts to meet your needs based on type of activity and account features. Cash Management * Do you need the flexibility of accessing your account online anytime? Do you want to spend less time gathering account information, submitting payroll and tax payments, getting payroll completed or collecting on monthly billing? You business could benefit from cash management services. Online Banking offers the ability to Transfer Funds, View Statement History, Get Real-Time Balance Information, and View Check Images. Cash Management gives your business the ability to manage multiple users and access levels, setup and manage direct payments and direct deposits, and submit electronic tax payments. Merchant Card Processing * Provides the ability to accept credit and/or debit card payments for your retail sales or monthly recurring services. Improve availability and broaden your sales with the acceptance of major credit/ debit cards. Remote Deposit Capture* customers with their primary checking account at St. Martin Bank can transmit checks for deposit from their business place using special software and scanning equipment. Ask us how! Touch Tone Banking Telephone service which gives you 24/7 access to your account information. *Additional fees may apply to Cash Management, Merchant Card Processing, and Remote Deposit Capture.

8 Important General Information Type Designed for es Who Checking Are looking for economical checking accounts and maintain a minimum daily balance of $2,500 or more or an average ledger balance of $5,000 or more., continued Analysis Checking Require more complex deposit services with transactions which may include night deposits, higher check writing and/or deposit item volume, coin and currency needs, or cash management services. NOW Checking Are sole proprietorships, nonprofit organizations, or governmental entities who may earn interest. Money Market Keep a high balance and want an interest rate which adjusts with the market. Statement Savings Want to build their savings for future business needs without a fixed term. Minimum Deposit to Open Account $50.00 $50.00 $50.00 $50.00 $50.00 Other Balance to Avoid Monthly Service Fees Monthly Transaction and Service Fees Transaction Limitations Earns Interest $2,500 Minimum Daily Balance or $5,000 Average Ledger Balance $10.00 Plus $0.20 per debit item clearing the account. None $10.00 Service Fee $ 0.16 Checks & Debits $ 0.10 Items Deposited $ 5.00 Returned Item $25.00 Cash Mgt $ 0.16 Originated Debits & Credits $ 0.55 Currency, per strap $ 0.09 Coin, per roll $ 2.00 Weekly, per Stmt $1,200 minimum daily balance None None Unlimited - $0.15 per check cleared in excess of 40 during any statement cycle where the minimum daily balance is less than $1,200. No No Yes $2,500 minimum daily balance $250 minimum daily balance $11.99 $10.00 $7.50 assessed quarterly No more than 6 debits/ withdrawals/transfers, unless made inperson, by mail or messenger. $10 per debit, transfer or check cleared after 6 allowed. Yes $3 per withdrawal after 5 teller withdrawals in quarterly period. Yes Minimum Balance to Earn Interest $0.01 $2,500 $50 Credit Allowance No Yes* *Based on investible balance (collected balance less Federal Reserve requirements). Monthly credit allowance is calculated and applied towards the accumulated transaction and service fees. The rate of credit is 75% of the 91- day T-bill yield. No No No

9 Important General Information Other At times, unanticipated expenses or unforeseen circumstances can leave you short on cash. St. Martin Bank offers overdraft solutions when needed. Our Customer Overdraft Policy An insufficient balance could result in several ways, such as (1) the payment of checks, electronic funds transfers or other withdrawal requests; (2) payments authorized by you; (3) the return of unpaid items deposited by you; ( 4) the imposition of bank fees and/or charges; or (5) the deposit of items which are held and not yet available according to our funds availability policy. We are not obligated to pay any items if your account does not contain sufficient funds; however, if you maintain your account in good standing which is defined as making regular deposits and generally keeping a positive balance, you are not in default on any loan or other obligation to the Bank and there are no legal orders, liens or levies outstanding, we will have the discretion to pay the overdraft, subject to the limit of your overdraft privilege and the amount of the overdraft fees. The paying of your overdraft is considered our standard overdraft practices known as Overdraft Privilege and is not a line of credit.* We also offer overdraft protection plans, such as a link to a savings account or signing up for a line of credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans. What are the standard overdraft privilege practices that come with my account? We may authorize and pay overdrafts for checks and other transactions made using your checking account number as well as automatic bill payments. We do not authorize and pay overdrafts for ATM transactions and everyday debit card transactions, unless you tell us to do so.** If we do not authorize and pay an overdraft, your ATM and everyday debit card transactions may be declined. Avoiding Overdrafts on Your Account Overdraft Privilege should not be viewed as encouragement to overdraw your account. We encourage you to manage your finances responsibly. What if I want St. Martin Bank to authorize and pay overdrafts on my ATM and everyday debit card transactions? If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions, you must tell us to do so. If you do not authorize us to pay overdrafts on these types of transactions, the transaction may be declined. What if I authorize St. Martin Bank to pay overdrafts on my ATM and everyday debit card transactions then change my mind? If you change your mind, contact us at or visit our website at then click on the Reg E Opt In link shown at the bottom of our homepage. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. We will charge you a fee of $28 each time we pay an item causing an overdraft or each time an item is returned unpaid as nonsufficient (NSF). The total fees we will charge you for overdrawing your account if using our standard overdraft privilege practice is (6) overdraft fees per business day.** There is no limit to the number of NSF fees (for returned items) charged, but each NSF item will be charged an NSF fee. Linked Accounts for Overdraft Protection You can cover your overdraft on your personal checking account by transferring funds from another St. Martin Bank account. Ask us how to set this up. This will be an automated transfer from another checking, savings or money market account***. A fee will be assessed for each overdraft transfer that occurs. Overdraft Protection Line of Credit An unsecured Line of Credit used as an overdraft protection for qualified applicants is available. Credit terms and conditions apply. Please see one of our representatives for more details and fees associated with this service. Please see our schedule of fees for detailed information on NSF and overdraft fees. *St. Martin Bank & Trust Company is not obligated to pay any item presented for payment if your account does not contain sufficient available funds. Any discretionary payment (or other negotiation or processing) by St. Martin Bank & Trust Company of any non-sufficient funds check or other item does not obligate or create an agreement or course of dealing for St. Martin Bank & Trust Company to pay any additional non-sufficient funds check or item or to provide prior notice of its decision to refuse to pay any additional non-sufficient funds check or item. St. Martin Bank & Trust Company will have the discretion to pay overdrafts within the overdraft privilege limits, but payment by St. Martin Bank & Trust Company is a discretionary courtesy and not a right of the account holder or an obligation of St. Martin Bank & Trust Company. **For personal accounts only. ***Maximum of six transfers per month as per account limitation guidelines.

10 Important, Other The following fees assessed at time of purchase or occurrence: Online Banking Online Banking Service.. Free Online Stop Payments $28.00 Bill Pay Bill Pay Service... Free Bill Pay Debit Return for NSF... $28.00 Research (per hour of research).. $25.00 ATM Transactions at ATMs not owned by SMB A surcharge may be assessed by the owner of non-st. Martin Bank ATMs. St. Martin Bank participates in Community Cash where member ATM owners do not assess a surcharge to those who participate. Search online for Community Cash ATM to find participants and download the Community Cash app for your smart phone. Withdrawal/Transaction Fee... $2.00 Inquiry Fee. $2.00 Surcharge assessed at St. Martin Bank ATMs for any cardholder not drawn on St. Martin Bank $3.00 Teller Check Cashing & Savings Bond Redemption Checks not drawn on St. Martin Bank % With a minimum of... $10.00 Government Checks, excluding tax refunds.. $5.00 The Bank is not obligated to cash checks not drawn on St. Martin Bank or without proper identification and we may refuse anyone. Money Orders (Only sold to customers). $3.00 Cashier s Checks (Only sold to customers)... $5.00 Check drawn on us converted to Cashier s Check... $10.00 Gift Cards (Only sold to customers).. Purchase. $2.75 Lost/Stolen replacement fee. $5.00 Monthly inactivity fee (after 12 months no activity)... $2.95 Travel & Reloadable Cards.. Purchase. $5.50 Reload Fee, per load if not Direct Deposit. $3.00 Companion Card, for Travel Card only... $2.50 Lost/Stolen replacement fee. $5.00 Domestic/International ATM Fees apply* Youth Cards (Sold to customers for someone under the age of 18)... $5.50 Reload Fee, per load if not Direct Deposit.. $3.00 Lost/Stolen replacement fee. $5.00 Domestic/International ATM Fees apply* *Domestic fee $1.50; International fee $3.00, POS pin-based transaction fee $0.50. Some ATM owners may charge an additional fee. For Reloadable & Youth Cards, after the second load, a personalized card is mailed to the customer.

11 Important General Information Other Other Account Reconciliation or Research, per hour.. $25.00 Balance inquiries. Free Chargeback of Item. $5.00 Collections-Incoming/Outgoing* (Deposit Customer)... $15.00 Collections Outgoing (Non-deposit Customer)*.. $25.00 *Plus direct costs for outgoing Copies of Any Records, per item... $0.50 Dormant Account, monthly after 12 months no activity. $5.00 Debit Card Replacement. $5.00 Early Closure Handling Fee Club Account. $2.00 Deposit Account, if closed within first 180 days $20.00 Forced Closed Account Handling Fee... $25.00 IRA Transfer Fee... $50.00 Loan Coupon Book, reprinted.... $5.00 Non-sufficient Funds (NSF) Fee if Paid or Returned, per item... $28.00 Overdraft Fees Daily Overdraft (Non-personal Accounts Only)... $5.00 When overdrawn more than 1 day until balance becomes positive. Paid within Privilege, per item, up to (6) items per day... $28.00 Returned, per item. $28.00 Overdraft Protection, Line of Credit Origination Fee... $50.00 Monthly Fee.. $2.00 Overdraft Sweep Transfer, per transfer $5.00 Returned Mail, per piece. $5.00 Revoked Authorization of Electronic Item...$28.00 Safekeeping, per month, per receipt. $5.00 Security Purchases or Sales, per transaction... $30.00 Stop Payment Order (Good for (6) months) $28.00 Tax Levy/Garnishment/Summons $65.00 Telephone Transfers $2.00 Transaction History Printout... $2.00 Wire Transfer Domestic Incoming (Deposit Customer Only). $10.00 Outgoing (Deposit Customer Only). $19.95 Wire Transfer International Incoming (Deposit Customer Only). $10.00 Outgoing (Deposit Customer Only)*Plus direct costs from receiving bank.. $49.95 Box Size Safe Deposit Box Annual Rent with Auto-Payment from SMB Checking Annual Rent without Auto Payment 3 X 5 $36.97 $ X 5 $46.97 $ X 10 $56.97 $ X 10 $66.97 $ X 10 $71.97 $ X 10 $ $ Key Deposit Fee, initial fee nonrefundable $24.97 $24.97 Late Fee, after 30 days delinquent $10.00 $10.00

12 Important General Information Other Deposit Reclassification & Deposit Reclassification The Bank may make a change in your Checking Account which will not affect your available balance, interest earnings, FDIC insurance, or bank statement. This Account will consist of a checking sub-account and a savings sub account. The Bank may periodically transfer funds between these two sub-accounts. If your Account is a Plan on which interest is paid, your interest calculation will remain the same. Otherwise, the savings sub- account will be non-interest bearing. The savings sub- account will be governed by the rules governing our other savings accounts. Individual Retirement Accounts SMB Individual Retirement Accounts are long range savings plans which can contribute to one s financial security at retirement. SMB offers a traditional IRA and a Roth IRA. Traditional IRA The traditional IRA is an account which allows the investor to defer taxes on earnings until funds are withdrawn. Also, certain contributions are tax deductible in the year they are made. If the investor is under age 70 1/2 for the entire tax year and has earned income, he or she is eligible to establish a traditional IRA. A transfer fee of $50.00 will be imposed on an IRA transferred out of the Bank. ROTH IRA The Roth IRA is a non-deductible account featuring tax-free withdrawals for certain distribution reasons after a five year holding period. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, investors expecting to be in higher tax brackets when they retire may benefit more from this account than from a traditional IRA. Basically, there are two requirements for eligibility to contribute to a Roth IRA: the investor must have earned income (or his/her spouse must have earned income) and the investor s modified adjusted gross income cannot exceed certain limits. A transfer fee of $50.00 will be imposed on an IRA transferred out of the Bank. HSA Accounts Are available to eligible individuals with a high deductible health plan as described by IRS in Publication 969. This account is a NOW Checking Account. Monthly service fee is $2.50 per statement cycle. There is no minimum balance required to maintain the account. Time Deposits Time Certificates of Deposit offered with terms varying from 7 days to 36 months. Specials may be offered with additional terms. Rates may change on a weekly basis set by SMB. Interest can be paid to the certificate holder monthly, quarterly, or at term or can be compounded by adding to the certificate balance quarterly or at term. Christmas and Vacation Clubs SMB offers Christmas and Vacation Club Savings Accounts which earn interest based on a variable interest rate set by SMB. Minimum balance to open a club account is $2.00. Deposits can be made weekly for 50 consecutive weeks. No withdrawals are allowed from Christmas and Vacation Club Savings Accounts; however,if an exception is made, a $2 handling fee will be assessed. Annually, the Bank will issue a check for the entire balance of the account including principal and interest. The check will be mailed to you directly or can be automatically deposited to a checking or savings account with the Bank. Deposit Account Closing If a deposit account remains at a zero balance for more than five business days, it will automatically close. SMB Investment Center, LLC Amid an ever-changing investment landscape, investors need an expert and experienced partner who can guide them through the intricacies of investing and financial planning by providing four key tenets: Solid, unbiased advice Meaningful, timely information and research Easy access to value-added investments and services Unparalleled client service Comprehensive Financial Planning including estate, college, business succession and retirement planning. Products Mutual Funds Asset Mgmt Accts Variable Annuities Fixed Annuities Individual Stocks & Bonds Foreign Securities Tax-Exempt Bonds Alternative investments Life Insurance Long Term Care Insurance Individual IRAs (Traditional, ROTH, SEP, and SIMPLE) 401K Plans Trust Accounts The products offered by SMB Investment Center, LLC are not FDIC insured; products are not deposits, or other obligations, or guarantees of the Bank; and are subject to investment risks, including the possible loss of principal amount invested. Securities and Advisory offered through LPL Financial and its affiliates. Member FINRA/ SIPC. For more information, please contact one of our licensed Financial Advisors at (337)

13 Important General Information Other Banking Centers 301 S. Main St Catahoula Hwy. St. Martinville, LA St. Martinville, LA (337) (337) Bridge St. 100 Albertson Parkway Parks, LA Broussard, LA (337) (337) Verot School Rd Johnston St. Lafayette, LA Lafayette, LA (337) (337) I-10 S. Frontage Rd. 357 Odd Fellows Road Scott, LA Crowley, LA (337) (337) E. Academy 102 South Adams Jennings, LA Welsh, LA (337) (337) Main St. Elton, LA (337) of Operation Main Office St. Martinville LOBBY Monday thru Thursday - 9 am thru 3 pm Friday - 9 am thru 5 pm DRIVE-UP Monday thru Friday - 8 am thru 6 pm Saturday - 9 am thru 1 pm Parks & Catahoula Branches LOBBY & DRIVE-UP (No drive-up at Catahoula Branch) Monday thru Thursday - 9 am thru 1 pm Friday - 9 am thru 5 pm Johnston, Verot & Jennings Branches LOBBY Monday thru Thursday - 9 am thru 4 pm Friday - 9 am thru 5 pm DRIVE-UP Monday thru Friday - 8 am thru 6 pm Saturday - 9 am thru 1 pm