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HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 01_04/12/2010 FDIC Federal Deposit Insurance Corporation 7777 Baymeadows Way West, Jacksonville, FL 32256 Division of Resolutions and Receiverships March 8, 2010 TEQUESTA POLICE DEPARTMENT 357 TEQUESTA DRIVE TEQUESTA, FL 33469 GAN eh @ SUBJECT: 10192 — SUN AMERICAN BANK BOCA RATON, FL — In Receivership Closing Date: March 05, 2010 Claims Bar Date: June 09, 2010 NOTICE TO CREDITOR - PROOF OF CLAIM Dear Claimant: On March 05, 2010 (the "Closing Date "), the Florida Office of Financial Regulation closed SUN AMERICAN BANK, BOCA RATON, FL, 33434 (the "Failed Institution ") and appointed the Federal Deposit Insurance Corporation (the "FDIC ") as Receiver (the "Receiver "). The records of the Failed Institution (or information that has come to the attention of the Receiver) indicate that you may have a claim against the Failed Institution. If, in fact, you do not have a claim against the Failed Institution, please disregard this notice. For the Receiver to consider your claim, you must do ALL of the following: • Complete the enclosed Proof of Claim Form • Sign the Proof of Claim Form • Provide supporting documentation You must present the properly completed Proof of Claim Form and the supporting documentation to the Receiver on or before the Claims Bar Date referenced in the above subject caption. If you do not file your claim on or before the Claims Bar Date, the Receiver will disallow your claim. Return the completed Proof of Claim Form, along with the supporting documentation, to the following address: FDIC as Receiver of SUN AMERICAN BANK 7777 Baymeadows Way West Jacksonville, FL 32256 Attention: Creditor Claims Agent After the Receiver receives your claim, the Receiver has up to 180 days to review and determine whether to allow or disallow your claim. Pursuant to 12 U.S.C. Section 1821(d)(6), if the Receiver notifies you of the disallowance of your claim, or if you do not receive a notice of disallowance before the end of the 180 - day period, you have the right to file a lawsuit on your claim (or continue any lawsuit commenced before the appointment of the Receiver). Your lawsuit must be filed within 60 days after the date of the notice of disallowance by the Receiver OR within 60 days after the end of the 180 -day period, whichever is earlier. You must file your lawsuit either in the United States District (or Territorial) Court for the District where the failed institution's principal place of business was located or in the United States District Court for the District of Columbia. RLS7212 IF YOU DO NOT FILE A LAWSUIT (or continue any lawsuit commenced before the appointment of the Receiver) BEFORE THE END OF THE 60 -DAY PERIOD, THE DISALLOWANCE OF YOUR CLAIM WILL BE FINAL AND YOU WILL HAVE NO FURTHER RIGHTS OR REMEDIES WITH RESPECT TO YOUR CLAIM. 12 U.S.C. Section 1821(d)(6)(B). If a portion of your claim is for an insured deposit, your claim is not against the Receiver but rather is against the FDIC in its "corporate" capacity as deposit insurer. An insured depositor's rights are prescribed in 12 U.S.C. Section 1821(f) and differ from the rights described in the preceding paragraphs. If you have any questions, please contact the undersigned at (904) 256 -3925. FEDERAL DEPOSIT INSURANCE CORPORATION, AS RECEIVER FOR SUN AMERICAN BANK By: Creditor Claims Agent Claims Department Enclosure: Proof of Claim Form RLS7212 2 Federal Deposit Insurance Corporation as Receiver for: 10192 — SUN AMERICAN BANK BOCA RATON, FL (Name of Bank/Financial Institution and Location) PROOF OF CLAIM SSNITax ID # (1) The undersigned, (2) (Name of person making the claim) says that the SUN AMERICAN BANK now in liquidation is (Name of Bank/Financial Institution) justly indebted to (3) TEQUESTA POLICE DEPARTMENT in the sum of ( Individual / Joint /Corporation /Partnership /Firm /Agency) (4) Dollars upon the following Claim: Description of (invoice) claim: Liability Number Amount of Claim C (5) 500001013-000 L A M S Total Claim:(6) The undersigned further states that he /she makes this claim on behalf of (7) TEQUESTA POLICE DEPARTMENT that no part of said debt has been paid, that (8) TEQUESTA POLICE DEPARTMENT ( Individual /Joint/Corporation /Partnership /Firm /Agency) has given no endorsement or assignment of the same or any part thereof, and that there is no set -off or counterclaim, or other legal or equitable defense to said claim or any part thereof. NAME (9) (Signature of Person making the Claim) (Title) FIRM (If applicable) ADDRESS (10) CITY/STATE/ZIP TELEPHONE NUMBER The penalty for knowingly making or inviting reliance of any false, forged, or counterfeit statement, document, or thing for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation is a fine of not more than $1,000,000 or imprisonment for not more than thirty years, or both (18 U.S.C. Section 1007). RLS7212 3 GENERAL INFORMATION AND INSTRUCTIONS FOR COMPLETING A PROOF OF CLAIM FORM This form is being sent to you in the event you believe the failed institution owes you funds for services rendered or goods purchased prior to the date of closing. If the institution does not currently owe you any money, it is not necessary for you to complete this form. The following blanks must be completed in order for Your Proof of Claim to be considered: (The numbers correspond with those located on the proof of claim form.) 1) A company's tax identification number or an individual's social security number. 2) Name of the person making the claim. 3) Review this name. Make corrections as needed. Fill in name if blank. 4) Written dollar amount of the claim (ex. One hundred and no /100.) 5) Detailed description of what is being claimed (i.e., the invoice number, type of service being claimed, account number, etc.). 6) Total amount of claim. Total should NOT include interest or late fees accrued since institution closing. 7) Review this name. Make corrections as needed. Fill in name if blank. 8) Review this name. Make corrections as needed. Fill in name if blank. 9) Signature of the person making claim and the title of that person if they are representing a company making a claim. 10) The address and telephone number of the individual or company making the claim. Should the above information be missing, your information will be entered into our tracking system, but your Proof of Claim form will be returned to you for completion. REQUIRED DOCUMENTATION 1) Claims for Goods Purchased by the Former Institution: You must forward a copy of the Purchase order or other correspondence from the institution requesting the goods, a copy of your invoice and a receipt signed by the institution indicating that the goods were received. 2) Claims for Services Rendered: You must forward a copy of the correspondence or signed initial contract sent by the institution to request your services and an invoice. In the case of legal fees, an itemized invoice must be sent indicating your prorated charges. For appraisal services, submit proof the appraisal was completed. RLS7212 4 Federal Deposit Insurance Corporation as Receiver for: 10192 - SUN AMERICAN BANK BOCA RATON, FL (Name of Bank/Financial Institution and Location) PROOF OF CLAIM SSN/Tax ID # (1) .9-- (0o+9 -©a / The undersigned, (2) cJ O i-411 n FOOSl T►-1 1 f1Q rl CQ 1 Ctbr (Name of person making the claim) says that the SUN AMERICAN BANK now in liquidation is (Name of Bank/Financial Institution) j - r 17-7-trop justly indebted to (3) 7ffif✓ �= U PS C SAFETY/ CFr /CERS rUISIONI in the sum of (Individual/Joint/Corporation /Partnership /Firm /Ag ncy) e -gyp IU D ktird i3 _. Ilars upon te following Claim: J _ Description of (invoice) claim: Liability Number Amount of Claim L (5) C. heck vim- P► cc� ont'4 �7 0 ,, ) - s-40 500001013 -000 Q 2 3 " 1 . 10 A U S Total Claim:(6) ) 3 371, 7O The undersigned further states that he /she makes this claim on behalf of (7) v l >- C Ip u `! & SAPEM/ pc Fl CE i' - r■1SIoN / SS T Po that no part of said debt has been paid, that (8) UR s 8) � /�gUESTI��Ll �� - ET• ©%)_'! C-ER.S VeNSfoN /i2UST R (Ind ividuaVJoint/ Corporation /Partnership /Firm/Agency) has given no endorsement or assignment of the same or any part thereof, and that there is no set -off or counterclaim, or other legal or equitable defense claim or any part thereof. NAME (9) r L , —et` 7 rlO r1C-C? I NeC 16 r re of Perien rr king the airy (Title) FIRM jU 1r✓ U (If applicable) ADDRESS (10) 345 l e ) W es 7Derve CITY /STATE/ZIP / U ES7 ► P 3 34 b J TELEPHONE NUMBER 5 (c) / 5 '75 - a 70 The penalty for knowingly making or inviting reliance of any false, forged, or counterfeit statement, document, or thing for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation is a fine of not more than $1,000,000 or imprisonment for not more than thirty years, or both (18 U.S.C. Section 1007). RLS7212 3 , J1N AMERICAN BANK ' PAGE: 1 9293 GLADES ROAD ACCOUNT: 6702975401 02/26/2010 BOCA RATON, FL 33434 DOCUMENTS: 7 PHONE: 800 - 985 -3944 FAX: 561 - 487 -1991 www.sunamericanbank.com 002132 VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION _ << r n ,� 7 TRUST FUND 0; :1 � `' t., ,� 345 TEQUESTA DRIVE 0 TEQUESTA FL 33469 - ' - :'t 7 AN ' JUJU TEQUESTA OFFICE TELEPHONE :561- 746-1190 250 TEQUESTA DR STE 101 TEQUESTA FL 33469 xx= xsx === x m = x x =x == == DUE TO RESTRUCTURING BY THE FEDERAL RESERVE BANK, THE ENTIRE COUNTRY WILL USE A SINGLE CHECK PROCESSING REGION. FOR REG CC PURPOSES,ON FEB 27,2010, THERE WILL NO LONGER BE ANY CHECKS THAT ARE DEFINED AS NON — LOCAL, THESE } CHECKS WILL NOW BE DEFINED AS LOCAL WHEN CALCULATING CHECK AVAILABILITY. COMMERCIAL THRIFT CHECKING ACCOUNT 6702975401 = =_____ =___ LAST STATEMENT 01/29/10 41,882.49 AVG AVAILABLE BALANCE 32,788.09 CREDITS .00 7 DEBITS 18,510.79 THIS STATEMENT 02/26/10 23,371.70 CHECKS CHECK #..DATE.. AMOUNT CHECK /..DATE.. AMOUNT CHECK q••• � �... #..DATE.... 1078 02/18 6,425.22 1081 02/08 7,433.00 1084 02/23 - 133.80 1079 02/08 't\ 269.25 1082 02/08 , U 231.92 1080 02/16 `'\ 3,750.00 1083 02/11 267.60 — — — ITEMIZATION OF OVERDRAFT AND RETURNED ITEM FEES — — — **************************************** **************** *** *** ****** * ** * TOTAL FOR TOTAL * * THIS PERIOD YEAR TO DATE * * * * TOTAL OVERDRAFT FEES: .00 .00 * * TOTAL RETURNED ITEM FEES: .00 .00 * 4R1 ***************************' c*********; Y** *** * * * * * * ** * ** ** * * * * * * * * * *** * ** � 4. DAILY BALANCE DATE BALANCE DATE BALANCE DATE BALANCE 02/08 33,948.32 02/11 33,680.72 02/16 29,930.72 * * * C O N T I N U E D * * * 11w -t .���E n tti ^' .A� t��e i..,, s8 ri I 1' Ld. ,�P�6' , �. P:� & .4 Federal Deposit Insurance Corporation as Receiver for: 10192 — SUN AMERICAN BANK BOCA RATON, FL (Name of Bank/Financial Institution and Location) PROOF OF CLAIM SSN/Tax ID # (1) The undersigned, (2) (Name of person making the claim) says that the SUN AMERICAN BANK now in liquidation is (Name of Bank/Financial Institution) justly indebted to (3) VILLAGE OF TEQUESTA in the sum of (individual/Joint/Corporation/Partnership/Firm/Agency) (4) Dollars upon the following Claim: Description of (invoice) claim: _ Liability Number Amount of Claim C (5) 500001068 -000 L A M S Total Claim:(6) The undersigned further states that he /she makes this claim on behalf of (7) VILLAGE OF TEQUESTA that no part of said debt has been paid, that (8) VILLAGE OF TEQUESTA (Individual /Joint/Corporation /Partnership /Firm /Agency) has given no endorsement or assignment of the same or any part thereof, and that there is no set -off or counterclaim, or other legal or equitable defense to said claim or any part thereof. NAME (9) (Signature of Person making the Claim) (Title) FIRM (If applicable) ADDRESS (10) CITY/STATE/ZIP TELEPHONE NUMBER The penalty for knowingly making or inviting reliance of any false, forged, or counterfeit statement, document, or thing for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation is a fine of not more than $1,000,000 or imprisonment for not more than thirty years, or both (18 U.S.C. Section 1007). RLS7212 3 GENERAL INFORMATION AND INSTRUCTIONS FOR COMPLETING A PROOF OF CLAIM FORM This form is being sent to you in the event you believe the failed institution owes you funds for services rendered or goods purchased prior to the date of closing. If the institution does not currently owe you any money, it is not necessary for you to complete this form. The following blanks must be completed in order for your Proof of Claim to be considered: (The numbers correspond with those located on the proof of claim form.) 1) A company's tax identification number or an individual's social security number. 2) Name of the person making the claim. 3) Review this name. Make corrections as needed. Fill in name if blank. 4) Written dollar amount of the claim (ex. One hundred and no /100.) 5) Detailed description of what is being claimed (i.e., the invoice number, type of service being claimed, account number, etc.). 6) Total amount of claim. Total should NOT include interest or late fees accrued since institution closing. 7) Review this name. Make corrections as needed. Fill in name if blank. 8) Review this name. Make corrections as needed. Fill in name if blank. 9) Signature of the person making claim and the title of that person if they are representing a company making a claim. 10) The address and telephone number of the individual or company making the claim. Should the above information be missing, your information will be entered into our tracking system, but your Proof of Claim form will be returned to you for completion. REQUIRED DOCUMENTATION 1) Claims for Goods Purchased by the Former Institution: You must forward a copy of the Purchase order or other correspondence from the institution requesting the goods, a copy of your invoice and a receipt signed by the institution indicating that the goods were received. 2) Claims for Services Rendered: You must forward a copy of the correspondence or signed initial contract sent by the institution to request your services and an invoice. In the case of legal fees, an itemized invoice must be sent indicating your prorated charges. For appraisal services, submit proof the appraisal was completed. RLS7212 4 FDIC Federal Deposit Insurance Corporation 7777 Baymeadows Way West, Jacksonville, FL 32256 Division of Resolutions and Receiverships March 8, 2010 VILLAGE OF TEQUESTA r i i i 1i 1 s4' r 345 TEQUESTA DRIVE s : 6 ?_;� L,. TEQUESTA, FL 33469 SUBJECT: 10192 — SUN AMERICAN BANK r BOCA RATON, FL — In Receivership aN Closing Date: March 05, 2010 Claims Bar Date: June 09, 2010 NOTICE TO CREDITOR - PROOF OF CLAIM Dear Claimant: On March 05, 2010 (the "Closing Date "), the Florida Office of Financial Regulation closed SUN AMERICAN BANK, BOCA RATON, FL, 33434 (the "Failed Institution ") and appointed the Federal Deposit Insurance Corporation (the "FDIC ") as Receiver (the "Receiver"). The records of the Failed Institution (or information that has come to the attention of the Receiver) indicate that you may have a claim against the Failed Institution. If, in fact, you do not have a claim against the Failed Institution, please disregard this notice. For the Receiver to consider your claim, you must do ALL of the following: • Complete the enclosed Proof of Claim Form • Sign the Proof of Claim Form • Provide supporting documentation You must present the properly completed Proof of Claim Form and the supporting documentation to the Receiver on or before the Claims Bar Date referenced in the above subject caption. If you do not file your claim on or before the Claims Bar Date, the Receiver will disallow your claim. Return the completed Proof of Claim Form, along with the supporting documentation, to the following address: FDIC as Receiver of SUN AMERICAN BANK 7777 Baymeadows Way West Jacksonville, FL 32256 Attention: Creditor Claims Agent After the Receiver receives your claim, the Receiver has up to 180 days to review and determine whether to allow or disallow your claim. Pursuant to 12 U.S.C. Section 1821(d)(6), if the Receiver notifies you of the disallowance of your claim, or if you do not receive a notice of disallowance before the end of the 180 - day period, you have the right to file a lawsuit on your claim (or continue any lawsuit commenced before the appointment of the Receiver). Your lawsuit must be filed within 60 days after the date of the notice of disallowance by the Receiver OR within 60 days after the end of the 180 -day period, whichever is earlier. You must file your lawsuit either in the United States District (or Territorial) Court for the District where the failed institution's principal place of business was located or in the United States District Court for the District of Columbia. RLS7212 IF YOU DO NOT FILE A LAWSUIT (or continue any lawsuit commenced before the appointment of the Receiver) BEFORE THE END OF THE 60 -DAY PERIOD, THE DISALLOWANCE OF YOUR CLAIM WILL BE FINAL AND YOU WILL HAVE NO FURTHER RIGHTS OR REMEDIES WITH RESPECT TO YOUR CLAIM. 12 U.S.C. Section 1821(d)(6)(B). If a portion of your claim is for an insured deposit, your claim is not against the Receiver but rather is against the FDIC in its "corporate" capacity as deposit insurer. An insured depositor's rights are prescribed in 12 U.S.C. Section 1821(f) and differ from the rights described in the preceding paragraphs. If you have any questions, please contact the undersigned at (904) 256 -3925. FEDERAL DEPOSIT INSURANCE CORPORATION, AS RECEIVER FOR SUN AMERICAN BANK By: Creditor Claims Agent Claims Department Enclosure: Proof of Claim Form RLS7212 2 Federal Deposit Insurance Corporation as Receiver for: 10192 — SUN AMERICAN BANK BOCA RATON, FL (Name of Bank/Financial Institution and Location) PROOF OF CLAIM SSN/Tax ID # (1) The undersigned, (2) (Name of person making the claim) says that the SUN AMERICAN BANK now in liquidation is (Name of Bank/Financial Institution) justly indebted to (3) VILLAGE OF TEQUESTA in the sum of (individual/Joint/Corporation/Partnership/Firm/Agency) ( Dollars upon the following Claim: Description of (invoice) claim: Liability Number Amount of Claim C (5) 500001068-000 L A M S Total Claim:(6) The undersigned further states that he /she makes this claim on behalf of (7) VILLAGE OF TEQUESTA that no part of said debt has been paid, that (8) VILLAGE OF TEQUESTA ( Individual / Joint / Corporation /Partnership /Firm /Agency) has given no endorsement or assignment of the same or any part thereof, and that there is no set -off or counterclaim, or other legal or equitable defense to said claim or any part thereof. NAME (9) (Signature of Person making the Claim) (Title) FIRM (If applicable) ADDRESS (10) CITY /STATE /ZIP TELEPHONE NUMBER The penalty for knowingly making or inviting reliance of any false, forged, or counterfeit statement, document, or thing for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation is a fine of not more than $1,000,000 or imprisonment for not more than thirty years, or both (18 U.S.C. Section 1007). RLS7212 3 GENERAL INFORMATION AND INSTRUCTIONS FOR COMPLETING A PROOF OF CLAIM FORM This form is being sent to you in the event you believe the failed institution owes you funds for services rendered or goods purchased prior to the date of closing. If the institution does not currently owe you any money, it is not necessary for you to complete this form. The following blanks must be completed in order for your Proof of Claim to be considered: (The numbers correspond with those located on the proof of claim form.) 1) A company's tax identification number or an individual's social security number. 2) Name of the person making the claim. 3) Review this name. Make corrections as needed. Fill in name if blank. 4) Written dollar amount of the claim (ex. One hundred and no /100.) 5) Detailed description of what is being claimed (i.e., the invoice number, type of service being claimed, account number, etc.). 6) Total amount of claim. Total should NOT include interest or late fees accrued since institution dosing. 7) Review this name. Make corrections as needed. Fill in name if blank. 8) Review this name. Make corrections as needed. Fill in name if blank. 9) Signature of the person making claim and the title of that person if they are representing a company making a claim. 10) The address and telephone number of the individual or company making the claim. Should the above information be missing, your information will be entered into our tracking system, but your Proof of Claim form will be returned to you for completion. REQUIRED DOCUMENTATION 1) Claims for Goods Purchased by the Former Institution: You must forward a copy of the Purchase order or other correspondence from the institution requesting the goods, a copy of your invoice and a receipt signed by the institution indicating that the goods were received. 2) Claims for Services Rendered: You must forward a copy of the correspondence or signed initial contract sent by the institution to request your services and an invoice. In the case of legal fees, an itemized invoice must be sent indicating your prorated charges. For appraisal services, submit proof the appraisal was completed. RLS7212 4 RECEIVED MAR 1 5 2f r'' First Citizens VILLAGE.CLER S OFFICE Bank La serfiched March 1 2, 2010 1 11111111111111111111111111111111111111111111111111111111 11111 Village of Tequesta Bd of Ttee T2 P3 345 Tequesta Dr Tequesta FL 33469 -3062 Dear Valued Client: I would like to personally welcome you to First Citizens Bank, and take a few moments to acquaint you with the benefits and financial stability you'll enjoy as a new First Citizens client. On March 5, 2010, Sun American Bank was closed by the Florida Office of Financial Regulation. Most of Sun American Bank's deposits and assets were assumed by our company. The former Sun American Bank reopened on Monday, March 8, 2010, as First Citizens Bank. We're committed to making the transition as easy as possible for you. Let me assure you that your accounts remain safe, secure and easily accessible - and your deposits are still protected by FDIC insurance. You can continue to use your Sun American checks, credit, debit and ATM cards, and you still have complete online access to all of your accounts. Please continue to use the Sun American office locations as you normally would. We're a bank you can trust for strength, stability and a long -term relationship. We have more than $15 billion in assets and more than a century of experience serving the financial needs of our clients. We are nationally recognized for overall stability, security and high levels of customer satisfaction. In fact, our parent company, First Citizens Bancshares, made Forbes' Platinum 400 list of the nation's Best Big Companies as of December 2008 - one of only 14 banks to do so. Plus, we received a Five Star Superior Rating by independent bank research firm BauerFinancial, Inc. of Coral Gables, Florida (bauerfinancial.com). This rating, based on the overall financial picture of the institution, indicates that First Citizens, headquartered out of Raleigh, NC, is one of the strongest banks in the nation. For more information on our recent awards visit firstcitizens.com /awards. We're proud to welcome you to First Citizens. We have enclosed a Notice to Depositors from the FDIC with additional information. If you have questions during the transition or any time, please visit firstcitizens.com /sunamerican and click on the Frequently Asked Questions or cal! 1.866.407.0324 daily between 7:00 a.m. and 1 1 :00 p.m. Eastern time. We look forward to serving your financial needs and building a rewarding, long -term relationship with you. Sincerely, James M. Parker Vice Chairman Enclosure SAB -210 Member FDIC. Equal Housing Lender Q deposit(s) from the state within the ten years, the funds will be returned to the FDIC, and you will be permanently barred from claiming your deposit(s). If the state declines to accept custody of your unclaimed deposit(s), you will be able to claim your deposit(s) directly from the FDIC until the receivership is terminated. However, please note that a receivership may be terminated at any time. Once the receivership is terminated, you will not be able to claim your deposit(s). 3. Your Deposit Relationship with the New Institution The New Institution needs your correct address. If the address to which this notice has been addressed is no longer your current address, contact the New Institution to ensure that it has your correct address. Similarly, if you have not been receiving account statements, or you have changed your address, you should contact the New Institution. Remember, supplying a completed change of address form to the New Institution will serve to claim your deposit(s). Your deposit agreement with the Failed Institution is no longer in force. The New Institution will determine the interest rate it will pay on your deposit(s) and will notify you of its rate structure and the terms of your new deposit agreement. If you choose not to keep your deposit(s) at the New Institution, you may withdraw your deposit(s). As stated above, if you have more than one account, withdrawing money from any one of the accounts will serve to claim all of your deposits. If you have time deposits, such as certificates of deposit, please note that, in order to avoid interest penalties for early withdrawal, contact the New Institution immediately for information regarding withdrawals from your account(s). If you have a loan with the Failed Institution, and you would like to discuss offsetting your insured and /or uninsured deposit(s) against the loan, you must contact the FDIC immediately. 4. Challenging Your Final Insurance Determination In the event you disagree with the FDIC's determination of your insurance coverage as represented by the account(s) made available at the New Institution, you may seek a review of the FDIC's determination in the United States District Court for the federal judicial district where the principal place of business of the Failed Institution was located. You must file your request for this review no later than 60 days after the date on which your deposit(s) became available to you at the New Institution. Filing a request for review will not prevent you from using the funds in your new account. RLS72113 2 taserp RECEIVED First Citizens MAR 1 5 2010 Bank VILLAGE CLERKS OFFICE March 12, 2010 I HIIuIIIIIII ,uIuIIuII,IuuIIIIIIIIIIIIIuII ,1111111111111111111 Village of Tequesta Public T2 P1 Safety Officers Pension Trust Fund 345 Tequesta Dr Tequesta FL 33469 -3062 Dear Valued Client: I would like to personally welcome you to First Citizens Bank, and take a few moments to acquaint you with the benefits and financial stability you'll enjoy as a new First Citizens client. On March 5, 2010, Sun American Bank was closed by the Florida Office of Financial Regulation. Most of Sun American Bank's deposits and assets were assumed by our company. The former Sun American Bank reopened on Monday, March 8, 2010, as First Citizens Bank. We're committed to making the transition as easy as possible for you. Let me assure you that your accounts remain safe, secure and easily accessible - and your deposits are still protected by FDIC insurance. You can continue to use your Sun American checks, credit, debit and ATM cards, and you still have complete online access to all of your accounts. Please continue to use the Sun American office locations as you normally would. We're a bank you can trust for strength, stability and a long -term relationship. We have more than $15 billion in assets and more than a century of experience serving the financial needs of our clients. We are nationally recognized for overall stability, security and high levels of customer satisfaction. In fact, our parent company, First Citizens Bancshares, made Forbes' Platinum 400 list of the nation's Best Big Companies as of December 2008 - one of only 14 banks to do so. Plus, we received a Five Star Superior Rating by independent bank research firm BauerFinancial, Inc. of Coral Gables, Florida (bauerfinancial.com). This rating, based on the overall financial picture of the institution, indicates that First Citizens, headquartered out of Raleigh, NC, is one of the strongest banks in the nation. For more information on our recent awards visit firstcitizens.com /awards. We're proud to welcome you to First Citizens. We have enclosed a Notice to Depositors from the FDIC with additional information. If you have questions during the transition or any time, please visit firstcitizens.com /sunamerican and click on the Frequently Asked Questions or call 1.866.407.0324 daily between 7:00 a.m. and 11:00 p.m. Eastern time. We look forward to serving your financial needs and building a rewarding, long -term relationship with you. Sincerely, James M. Parker Vice Chairman Enclosure SAB -210 Member FDIC. Equal Housing Lender Cr NOTICE TO DEPOSITORS OF SUN AMERICAN BANK, BOCA RATON, FL ** *Your Institution Has Been Closed * ** * *YOUR DEPOSITS HAVE BEEN TRANSFERRED TO ANOTHER INSTITUTION ** On March 05, 2010 (the "Closing Date "), the Florida Office of Financial Regulation closed SUN AMERICAN BANK, BOCA RATON, FL, 33434 (the "Failed Institution "), and appointed the Federal Deposit Insurance Corporation (the "FDIC ") as Receiver (the "Receiver "). The FDIC, which insures your deposits in its corporate capacity, arranged for the transfer of your deposit(s) ( "deposits ") at the Failed Institution to another insured depository institution, FIRST - CITIZENS BANK & TRUST COMPANY, RALEIGH, NC, 27609 ( "the New Institution "). This arrangement should minimize any inconvenience the closing of the Failed Institution may cause you. Although you may leave your deposit(s) in the New Institution, you must take some action to claim ownership of your deposit(s). 1. How to Claim Ownership of Your Deposits Under federal law 12 U.S.C. Section 1822(e) you must claim ownership of your deposit(s) at the New Institution within eighteen (18) months from the Closing Date. If you do not claim your deposit(s) at the New Institution by September 05, 2011, your deposit(s) will be returned to the FDIC by the New Institution, and you may not be able to claim the deposit(s), except as described below in Section 2. You may claim your deposit(s) at the New Institution by taking any of the following actions within 18 months from the Closing Date. If you have more than one deposit account, your action in claiming your deposit in one account will automatically claim your deposits in all of your accounts. a. Making a deposit to or withdrawal from your account(s). This includes writing a check on any account or having an automated direct deposit credited to or an automated withdrawal debited from any account; b. Executing a new signature card on your account(s), entering into a new deposit agreement with the New Institution, changing the ownership on your account(s), or renegotiating the terms of a certificate of deposit account; c. Providing the New Institution with a completed change of address form; or d. Writing to the New Institution and notifying it that you wish to keep your account(s) active. Please be sure to include in this notice the name(s) on the account(s), the account numbers, and the signature of an authorized signer on the account(s), with name and address. You should know that bank drafts issued by the Failed Institution, including officer's checks, cashier's checks, money orders, dividend checks, interest checks, and expense checks, are all considered deposits and must be claimed within 18 months from the Closing Date. 2. Failure to Claim Ownership of Your Deposits within 18 Months If you do not claim ownership of your deposit(s) at the New Institution within 18 months from the Closing Date, federal law, 12 U.S.C. Section 1822(e), requires the New Institution to return the deposit(s) to the FDIC and the FDIC to deliver the unclaimed deposit(s) as unclaimed property to the state listed in your address in the Failed Institution's records. If your address is outside of the United States, the FDIC is directed to deliver the unclaimed deposit(s) to the state in which the Failed Institution had its main office. If the state accepts custody of your deposit(s), you will have ten years from the date of delivery to claim your deposit(s) from the state in accordance with its unclaimed property laws. If you do not claim your RLS72113 Laur, Betty From: Forsythe, Jody Sent: Monday, March 22, 2010 1:26 PM To: 'Bonni S. Jensen' Cc: McWilliams, Lori; Rahim, Monica; Couzzo, Michael; Laur, Betty; Pension Attorney Team; Gload, Michelle Subject: RE: FW: Sun American Bank - FDIC Notice Attachments: image001.jpg Bonni, I don't know — I only have copies of the request from the FDIC, I have no information on the sale and purchase of the banks assets. My thought process is that it is a fairly short and simple form to complete and might spare us some future problems should something crop up unexpectedly regarding these assets. -Jody JoAvto, Forsljtlie, CPA Finance Director Village of Tequesta 561 -575 -6270 j forsythe @tequesta.org www.Tequesta.org Please note: Florida has a very broad public records law. Most written communications to or from state or local officials regarding state or local business are considered to be public records and will be made available to the public and the media upon request. Therefore, your e -mail message may be subject to public disclosure. m7 Please consider the environment before printing this email. From: Bonni S. Jensen [ mailto :bsjensen @perryjensenlaw.com] Sent: Monday, March 22, 2010 1:12 PM To: Forsythe, Jody Cc: McWilliams, Lori; Rahim, Monica; Couzzo, Michael; Laur, Betty; Pension Attorney Team; Gload, Michelle Subject: Re: FW: Sun American Bank - FDIC Notice * * * * * * * * * * * * * * * * * ** IMPORTANT * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** The content of this email was found to contain potentially hostile or malicious content. For your protection, eSafe's Content Security Server has modified this email and removed the dangerous content. *************************************** * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** \Light Grid Accent 2_ Malformed attachment blocked \Light Grid Accent 6 Malformed attachment blocked Jody, Do the FDIC forms need to be filled out if the Fund received all of its money through the purchase of assets by First Citizen's Bank? i TO SEND MAIL TO MY ENTIRE TEAM, PLEASE RESPOND TO THEPENSIONTEAM @PERRYJENSENLAW.COM Bonni S. Jensen <bsjensen @perryjensenlaw.com> Law Offices of Perry & Jensen, LLC 400 Executive Center Drive, Suite 207 West Palm Beach, Florida 33401 Telephone: (561)686 -6550 Facsimile: (561)686 -2802 CONFIDENTIALITY NOTICE: This communication is confidential, may be privileged and is meant only for the intended recipient. If you are not the intended recipient, please notify the sender ASAP and delete this message from your system. IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Forsythe, Jody wrote: Lori, My recommendation is that the remaining funds be immediately transferred back to Salem Bank (a QPD) and that payments be processed through Salem. The pension boards can decide if they want to go out for RFP for a new bank or if they want to continue to have Salem Trust process payments. This action should result in greater security for the funds as well as keep the plans in compliance with their investment policies. In addition, finance is filling out the forms we received from the FDIC . We will forward copies to you once they are completed and mailed. -Jody Jo.4ww Fors apA Finance Director Village of Tequesta 561 -575 -6270 iforsythe@tequesta.org www.Tequesta.org Please note: Florida has a very broad public records law. Most written communications to or from state or local officials regarding state or local business are considered to be public records and will be made available to the public and the media upon request. Therefore, your e -mail message may be subject to public disclosure. A Please consider the environment before printing this email. From: McWilliams, Lori Sent: Friday, March 19, 2010 3:07 PM To: Forsythe, Jody; Rahim, Monica 2 Cc: Couzzo, Michael; Laur, Betty; Pension Attorney Team Subject: FW: FW: Sun American Bank - FDIC Notice Jody and Monica, Please see the email below from our Pension Attorney regarding our Pension Depository. First Citizens Bank is not a Qualified Public Depository therefore our pension funds need to be moved to another institution. Since this is really a Finance item, I will place it in your hands to locate a new bank, but my office is willing to assist as needed. Thank you. Lori From: Bonni S. Jensen [ mailto :bsjensen(aperrvjensenlaw.com] Sent: Friday, March 19, 2010 2:49 PM To: McWilliams, Lori Cc: ThePensionTeam @perryjensenlaw.com; Rahim, Monica; Forsythe, Jody; Laur, Betty; Telfrin, Debra; Couzzo, Michael Subject: Re: FW: Sun American Bank - FDIC Notice Lori, Based on my review of the documents including the letter sent from First Citizen's Bank dated March 12, 2010, the Board does not need to take any action. I left a message with the FDIC Creditor Claims Department, but have not yet spoken with any one. Based upon the letters, the assets of the Pension Funds were transferred from Sun American Bank to First Citizen's Bank. Someone with authority over the accounts should check to see whether that actually occurred. If all of the assets transferred over then there is no claim to be filed with the FDIC. Please let me know whether the transfers have occurred properly. According to the enclosure with the letter from First Citizen's to claim ownership of the Funds' deposits, there must be a deposit or withdrawal made on the accounts - including writing a check or having an automated deposit or withdrawal processed. This action would then claim the ownership and no further action is required. However, according to the Florida Department of Financial Services, First Citizens Banks is not a Qualified Public Depository ( "QPD "). The Funds' deposits therefore will need to be moved to another institution that meets the requirements of a QPD and the QPD paperwork will need to be completed. See attached memo and QPD forms. Please contact me if you have any questions regarding this matter. TO SEND MAIL TO MY ENTIRE TEAM, PLEASE RESPOND TO THEPENSIONTEAM @PERRYJENSENLAW.COM Bonni S. Jensen <bsjensen @perryjensenlaw.com> Law Offices of Perry & Jensen, LLC 400 Executive Center Drive, Suite 207 West Palm Beach, Florida 33401 Telephone: (561)686 -6550 Facsimile: (561)686 -2802 3 CONFIDENTIALITY NOTICE: This communication is confidential, may be privileged and is meant only for the intended recipient. If you are not the intended recipient, please notify the sender ASAP and delete this message from your system. IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. McWilliams, Lori wrote: Bonni, Please see the notice from the FDIC regarding the bank the pension board use. They have been closed down and the FDIC was appointed as Receiver. They are asking if we have any claims against them and if so certain tasks need to be completed. Please advise. Lori From: Rahim, Monica Sent: Wednesday, March 17, 2010 4:18 PM To: Laur, Betty Cc: McWilliams, Lori Subject: Sun American Bank - FDIC Notice Betty /Lori See attachment. _Monica Rahim Senior Accountant Finance Department The Village of Tequesta 345 Tequesta Drive Tequesta, FL 33469 Tel. No. 561.575.6209 Fax No. 561.575.6232 mrahinn@tebuesta.org Please note: Florida has a very broad public records law. Most written communications to or from state or local officials regarding state or local business are considered to be public records and will be made available to the public and the media upon request. Therefore, your e-mail message may be subject to public disclosure. 4 ih* �tt'}:' `' RF RESENTING ALEX S1M CHIEF FINANCIAL OFFICER STATE OF FLORIDA January 14, 2008 To whom it may concern, , The Bureau of Collateral Management (BCM) has received inquiries from several Florida governmental units about the protection of their funds under the state's public deposits program. We want to provide information to all interested parties about the program and how Florida public deposits are protected from loss. Please review the following information and then feel free to contact our office if you have questions or need any clarification. Chapter 280, Florida Statutes (F.S.) governs Florida public deposits. Section 280.17, F.S. details the specific responsibilities of a public depositor. If these statutory responsibilities are met then the deposits placed in any qualified public depository (QPD) are protected from loss, without limit. These responsibilities are noted below. ' • Use a QPD for any funds placed on deposit. This would include, but not be limited to, checking, savings, and money market deposit accounts as well as certificates of deposit. • * • For each deposit account established at a QPD, complete and retain as a record the Public Deposit • • Identification and Acknowledgement form. • File the Public Depository Annual Report to the Chief Financial Officer each year, BCM wants Florida's public depositors to understand that the protection of their deposits at QPDs is predicated on meeting their statutory responsibilities and is not based on either the amount or type of collateral pledged to our office by QPDs participating in the public deposits program. Should a QPD fail and be subject to • ' . ' liquidation, any public depositor that has met its statutory responsibilities would be protected from loss in the • following manner. • The applicable amount of deposit insurance would be paid by the FDIC. • If a public depositor suffered a loss due to uninsured public deposits, our office would then liquidate the collateral pledged to our office by the failed QPD in order to provide funds for the payment of such losses. BCM has a perfected security interest in a QPD's collateral via the Collateral Control Agreement that each QPD's board of directors has adopted as a condition of joining the program. • • If the liquidation of the failed QPD's collateral was not sufficient to pay all public depositor claims, then all QPDs participating in the public deposits program would be assessed an amount of money, proportional to the amount of public deposits they have on deposit, in order to cover any remaining loss to public depositors. Our authority in this area derives from the Contingent Liability Agreement that each QPD 's board of directors has adopted as a condition of joining the program. Each QPD is potentially liable for any losses to public depositors that may occur as the result of another QPD's failure. Section 280.13, F.S. establishes the type of securities that are eligible to be pledged to the BCM. As previously mentioned, these assets are a part of the overall security for the public deposits program. FLORIDA DEPARTMENT OF FINANCIAL SERVICES Kenneth J. Lee • Financial Analyst Supervisor Division of Treasury • Bureau of Collateral Management 200 E. Gaines St. • Tallahassee, FL 32399 -0345 • Tel. 850 -413 -3383 • Fax 850 -488 -0216 • SC 293 -3383 Email • Kenneth.Lee@fldfs.com Affirmative Action • Equal Opportunity Employer Page 2 January 14, 2008 • Additionally, each QPD has a vested interest in BCM administering the public deposits program as effectively as possible. BCM does so through the assignment of required collateral pledge levels, the required and regular • reporting of public deposits, and of course the required pledge or deposit of eligible collateral. BCM has the authority to limit a QPD's permitted public deposits, to increase collateral pledge levels, to limit the type of collateral BCM will accept, and to request a QPD's withdrawal from the program if necessary. We make such decisions each quarter of the year based on independent bank rating services, on the financial analysis we conduct on a QPD's financial statements, on information gathered from state and federal banking regulators, and on such other information that might be available to us. We hope that this information has been helpful to understanding the protection of public deposits in Florida. If you have any questions, please contact Kenny Lee at (850) 413 -3383 or e-mail Kenny at Kenneth.lee u(1. fldfs.corn and he'll be happy to answer any of your questions. • • • PUBLIC DEPOSITOR ANNUAL REPORT TO THE CHIEF FINANCIAL OFFICER For the Period Ended September 30, List of Qualified Public Depositories for Public Depositor's Full Legal Name Listed below are the FEIN and name for all Qualified Public Depositories at which we have open public deposit accounts, including accounts with zero balances. FEIN of Qualified Name of Qualified Public Depository Public Depository DFS -J1 -1009 2 REV. 09/03 ,v DEPARTMENT OF FINANCIAL SERVICES Division of Treasury — Bureau of Collateral Management ;1 PUBLIC DEPOSIT IDENTIFICATION AND ACKNOWLEDGMENT FORM Public Depositor Account Information Account Number: Type of Account (CD /other): Account Name: Full Name as it Appears on the Records of the Qualified Public Depository Accountholder's Federal Employer Identification Number (FEIN): Qualified Public Depository (QPD) Information QPD's Full Legal Name: For Protection Under Chapter 280, Florida Statutes, Depository MUST be a QPD QPD's Address: QPD's FEIN: Public Deposit Identification I DECLARE that the above referenced account meets the definition of a public deposit pursuant to Section 280.02, Florida Statutes (F.S.), and is not exempt under the laws of Florida. A current Public Deposit Identification and Acknowledgment Form will be maintained as a valuable record of the public depositor. The current Public Deposit Identification and Acknowledgment Form with original signatures will need to be submitted in the event the above named QPD becomes insolvent or in default and a claim is filed with the Chief Financial Officer, State of Florida's office. Signature for Public Depositor: Date: Printed Name & Title: Qualified Public Depository Acknowledgment ACKNOWLEDGE that the above referenced account has been identified to this QPD as a public deposit. Pursuant to Chapter 280, F.S., this account will be classified on the records of this QPD as a public deposit, collateralized as such, and reported as such on the Public Depository Monthly Report J1 -1003, Public Depository Annual report J14 -1004, and any other report of public deposits requested by the Chief Financial Officer, State of Florida. Signature for Qualified Public Depository: Date: Printed Name & Title: DFS-J1-1295 NEW 06/98 DEPARTMENT OF FINANCIAL SERVICES i. Division of Treasury — Bureau of Collateral Management PUBLIC DEPOSITOR ANNUAL REPORT TO THE CHIEF FINANCIAL OFFICER For the Period Ended September 30, Public Depositor (PD) Information PD's Full Legal Name: PD's Mailing Address: PD's Federal Employer Identification Number (FEIN): WE ASSERT that we are an official custodian of moneys that meet the definition of a public deposit as defined in Chapter 280, Florida Statutes and that such moneys are placed in Qualified Public Depositories (QPDs) unless exempt under the laws of this state. We acknowledge our responsibility for any research or defense required to support such assertion. WE VERIFY that we have: (1) Performed an annual confirmation of all open public deposit accounts as of the close of business on September 30 for each QPD. All discrepancies found in the confirmation process were reconciled before November 30. Information confirmed included the following: a. FEIN of the QPD. b. Name on the deposit account record. c. FEIN on the deposit account record. d. Account number. e. Account type. f. Actual account balance on deposit. (2) Confirmed that a current Public Deposit Identification and Acknowledgment Form has been completed for each public deposit account and is in our possession. (3) Provided as part of this report a separate listing of QPDs at which we have open public deposit accounts. This filing has been completed in the report format prescribed by the Chief Financial Officer, State of Florida for this year. Under penalties of perjury, I attest that I am authorized to sign on behalf of the Public Depositor identified above, and also declare that I have read the information provided on this Public Depositor Annual Report to the Chief Financial Officer and that the facts stated in it are true to the best of my knowledge and belief. Authorized Signature for Public Depositor: Date: Printed Name and Title: Phone: ( ) Fax: ( Suncom: ( ) Email: DFS-J1-1009 REV. 09/03 DEPARTMENT OF FINANCIAL SERVICES ;r Division of Treasury — Bureau of Collateral Management N JJ '' PUBLIC DEPOSIT IDENTIFICATION AND ACKNOWLEDGMENT FORM Public Depositor Account Information Account Number: Type of Account (CD /other): Account Name: Full Name as it Appears on the Records of the Qualified Public Depository Accountholder's Federal Employer Identification Number (FEIN): Qualified Public Depository (QPD) Information QPD's Full Legal Name: For Protection Under Chapter 280, Florida Statutes, Depository MUST be a QPD QPD's Address: QPD's FEIN: Public Deposit Identification I DECLARE that the above referenced account meets the definition of a public deposit pursuant to Section 280.02, Florida Statutes (F.S.), and is not exempt under the laws of Florida. A current Public Deposit Identification and Acknowledgment Form will be maintained as a valuable record of the public depositor. The current Public Deposit Identification and Acknowledgment Form with original signatures will need to be submitted in the event the above named QPD becomes insolvent or in default and a claim is filed with the Chief Financial Officer, State of Florida's office. Signature for Public Depositor: Date: Printed Name & Title: Qualified Public Depository Acknowledgment I ACKNOWLEDGE that the above referenced account has been identified to this QPD as a public deposit. Pursuant to Chapter 280, F.S., this account will be classified on the records of this QPD as a public deposit, collateralized as such, and reported as such on the Public Depository Monthly Report J1 -1003, Public Depository Annual report J14 -1004, and any other report of public deposits requested by the Chief Financial Officer, State of Florida. Signature for Qualified Public Depository: Date: Printed Name & Title: DFS-J1-1295 NEW 06/98