FDIC Notices

 

Notice Of Changes In Temporary FDIC Insurance

    

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS   All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010 through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.   The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes Interest on Lawyers Trust Accounts (“IOLTAs”).  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.   For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

                                                                                                                                           

Expanded FDIC Insurance

Each depositor insured to at least $250,000.

 

Other Notices

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) was passed on July 30, 2008.  The act was implemented to improve consumer protection and reduce fraud by requiring minimum standards for  the licensing and registration of Mortgage Loan Originators (MLOs).  An MLO is an individual who takes a residential mortgage loan application and offers or negotiates terms of a residential mortgage loan for compensation or gain.  The Citizens State Bank and the MLOs who work for our institution are registered with the Nationwide Mortgage Licensing System and Registry (NMLS).  Please visit www.nmlsconsumeraccess.org for further information concerning the registration of Citizens State Bank and our mortgage loan orginators.  Our unique identifiers are as follows:

Citizens State Bank: 623900

Jack Rowden :  747226

Greg Bond:  747227

Unlawful Internet Gambling Transactions Prohibited

If you are a commercial customer, you certify that you are not now engaged in, and during the life of this Agreement will not engage in, any activity or business that is unlawful under the Unlawful Internet Gambling Enforcement Act of 2006, 31 USC 5361, et seq., (the “UIGEA”). You may not use your Account or any other service we offer to receive any funds, transfer, credit, instrument or proceeds that arise out of a business that is unlawful under the UIGEA. You agree that if anyone asks us to process a transaction that we believe is restricted under the UIGEA, we may block the transaction and take any other action we deem to be reasonable under the UIGEA and this Agreement.

USA Patriot Act Affects New Accounts

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that 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 that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

New Phone # For Lost Debit/ATM Cards

The new phone number to report lost Debit or ATM cards is 800-554-8969