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Home My WebLink AboutDocumentation_Pension General_Tab 18_08/06/2007Betty Laur m; Betty Laur [blaur@tequesta.org] nt: Friday, May 11, 2007 11:34 AM To: Merlene Reid; Catherine Harding; Archie C. Mangum, Jr.; Carl Hansen Cc: JoAnn Forsythe; Lori McWilliams Subject: Independent Community Bank Merged into Sun American Bank ( LJ penson.pdf GGeneral Employees Pension Board members - FYI - Please see the attached memo and schedule of fees and services. Betty • • April 30, 2007 Jai SUN AMERICAN VILLAGE OF TEQUESTA BD OF TTEE'S X45 TEQUESTA DRIVE TEQUESTA, FL 33469 FIi~ANCE DEFT OF T~QUESTA Y-2 Pty 1=5i Re: Your account at Sun American Bank, formerly known as Independent Community Bank. Dear valued customer: It is our pleasure to welcome you as a customer of Sun American Bank. Our two institutions shared similar attributes and values. Botlt organizations were founded and arc managed to serve the conununity. We both take pride in our expertise in offering financial services, and we share a unified commitment to deliver the best banking experience. Now, together as a combined institution, we renew that commitment to you. What does this mean to you? 1. Effective date. The change of name of your account to Sun American Battk is scheduled to take place on June 4, 2007. 2. FDIC Insurance. Your accounts were, attd will continue to be insured by the FDIC to the extent that they have been in the past. For more information regarding FDIC insurance coverage, please visit www,fdic.gov. 3. Friendly service. The same friendly staff that has been serving you at your present branch will continue to be these, providing you with the best possible service. 4, Expanded branch -tetwork. As a result of this merger, not only wilt you will be able to conduct banking activities at your present branch location, an additional 14 full service b-•ancltes, throughout Miami-Dade, Broward, and Palm Beach counties, will be available to you. Far a current list of branch locations, please visit us at our website:lrttp://www.sunamericanbank.com/BL.html 5. Changes to your accounts. This merger will not adversely affect your account relationship(s) at all with Independent Community Bank. In particular, if you presently have one of the following accowtt types with Independent Community Bank: a. Checking account, N.O.W. account, and/or Motley Market account; you may continue using your supply of checks and deposits without any inconveniences. b. Certificate of Deposit; you will continue enjoying the same rate of interest and arwual percentage yield until the date of maturity as agreed when you opened the Certificate of Deposit at Independent Community Bank. As the re-orders of chocks and renewals of your certificate of deposits transpire, your new documents wilLreflect Sutt American IIank's name. As an enclosure to this letter, you will find the "Independent Community Bank product comparison to Sun American Bank" brochure. Your account type/product will be converted to the Sun American Bank equivalent account type/product appearing in this brochure. Should you require additional information, please feel free to contact your branch, who will be able to answer any questions that you may have. Let me again welcome you to Sun American Bank. We commit to provide you, our customer, with the best banking service. Sincerely, Mic-rael Golden Ghairmatt, President, & Chief Executive Officer ~. )ytIGI03UreS: Disclosure "Your Depo;iit ,Flccount" - Terms ~aud Conditions. • •Diacl~sufe.<`Xour,Deposit ~COpunt" -- Truth-tit Savings. • >aee'~~hediile~-CoininotifCaturas. • Notice' of yourFinatteltil T?ry~+agy nghts:.` • DtBClositre "i~iinds.~vatJiliii`lity" • Tadepandent Catwtntutity Bunk product eotnpadaoit to Sun - Atrierican Bank . i ,~ P.O. Box 14-3077. Coral Gabl~~. FI ~~11 a_~m~ Schedule of Fees & Services i ~ ---~ L~ ~~ Effective: January 1, 2006 ,..--~--~-~~~ Common Features 1~ SuN AntgwC,w RgNK'~ The faltawirtg fees maybe assessed agalnat your account and the following transaction limitations, If »ny, apply to your account. Overdraft fee (each debit or check) $25 00 Dally overdraft per diem fee . $2.00 Overdraft interest 18 00% Stop payments (each item) $30.00 Deposited check {and other items) returned unpaid on your account with another bank (charge back f ee) $30.00 Deposited check (and other items) returned unpa id Charge Back fee $1•.0.00 Uncollected funds fee (each debit or check) $25.OD Uncollected Interest 18.00°70 Internal Transfer {ATF fee) $1~ ~ Check Printing (Fee depends on style of check ordered} , Dormant Fee (An aooount is dom~ant if for 24 months you have made no deposit or withdrawals to the acoxtnt). Checking account monthly dormant fee $15.00 Savings account quarterly dormant fee $15.00 Legal process: IRS tax levy, Garnishment fee, etc. $100,00 plus fees Account balance (per inquiry) $2.00 Account activity printout (Statement) ~ $2.00 Account reconciliation {per hour, 1 hour min) $20.00 Special statement fee (per month} $6.00 Account closed wi#hin 180 days of opening $25.00 Deposit Correction $3.00 Special Services Photocopies $2.00 Nan-Cash courier /per pick up $15 OQ Return Mal! {per piece) $10 00 Research ($25.00 per hour & $3,00 per copy) Notary service per affJdavit {customer only) $5.00 Signature Guarantee $16 00 Bill paying service (per bitl} at branch $10.00 f , Schedule of Fees & Services. Common FeaturL-S ~.-------'- __ (Continued from other side) ®I Sr uNAM6R1crwRnNK~ Teller Fees Night Depository Sag and itey (each} S3D.00 Cash pre~s~ration {per hour) $15.00 Coin each roll $0.10 Currency each strap $0.50 Check verification fee $5.00 Cash verification {per hour) $15.00 Negotiable Items Customer use of counter check (per item) $1,00 Money Order: Customer $2.00 Cashier's Check: Customer $4.00 Traveler's Check 2% of purchase Check re-entry fee $2.00 RTN1 I POS /Debit` Charges ATM {at bank owned terminals) No charge ATM inquiry fee (nQn bank owned terminals) No charge P;aymenls to #hird parry at ATM's (POS transfer fee) $0.25 ATM withdrawal fee (non bank owned terminals) $1.00 ATMIDebit card replacement $5.00 Collections Coupon /Collection (per envelope) $20.00 Domestic incoming Collections $20.00 ' Domestic Outgoing Collections $20.00 Foreign Incoming CoNections $25.00 I Foreign OUtgoing Collections $50,00 Site Drafts $75.00 Documentary Collections $100.00 Wire Transfer Fees Domestic Incoming wire transfers $10.00 Domestic Outgoing wire transfers $25.00 Foreign Incoming wire transfers $90.00 Foreign Outgoing wire transfers $50.00 Safe Deposit Boxes Ohe time refundable Key deposit $20.00 Lost key / drilling box $125.00 Late payment fee- $10.00 2x5 Rental per year $25.00 3x5 Rental per year $35.00 3x10 Rental per year $60.00 5x10 Rental par year $100.00 10x10 Rental per year $125.00 ~~ ~ C r ~ NWR,iUAi14911Ci0kiAk.tOAI Member i A~~ t/M Pn~+1 W.u. W,wl p fu~t . Li. i.nn ~e~ ~.~. L".jA~~" ~ ® 1AMW.fYA7ilidCiA(?7Ak.C011 Member t190 ci1il WiY ~ Mi~id, El. nt{b ~ ri1:1J03ji~ttOt FDIC • ~ ; sti, ~ X47 up'~~~ ~ ~ry~ ~k~ ~• ~f a `t ~ I I {~~'. ~~ *`~~~ v , ~; R~r/~ .{ 1 'i I-'I':I:1NCT: DI3P11I~ 1:'~\~[EN7' DATE: MAY 8, 200? TO: BOARD OF TRUSTEES VOT GENERAI. EMPLOYEES PENSION TRUST CC: MONICA RAHIM BETTY LAUR LORI MCWILLIAMS FROM: JOANN FORSYTHE, FINANCE DIRECTOR RE: INDEPENDENT COMMUNITY BANK MERGED INTO SUN AMERICAN BANK • Attached please find a letter from Sun American Bank advising the Board that Independent Community Bank has merged into Sun American Bank effective June 4, 2007. Also attached is a copy of the schedule of fees and services. The new organization is an FDIC member. We will advise Salem Trust of the change in banking institutions and forward Co them any change in information (i.e. routing information} that may be regtured to effect transactions. If you have any questions regarding this matter please feel free to contact Monica Rahim (575-G207 ext 259} in the finance deparpnent. • 5/8/0711:42 AM