Regulatory Notices

Notice Regarding Community Reinvestment Act

Under the Federal Community Reinvestment Act (CRA), the Comptroller of the Currency evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The Comptroller also takes this record into account when deciding on certain applications submitted by us.

COMMUNITY REINVESTMENT ACT STATEMENT

The First National Bank of Mount Vernon has adopted this as the bank's Community Reinvestment Act Statement, pursuant to 12 CFR Part 25. It is the intent of the bank to adhere to both the letter and spirit of the regulation.

YOUR INVOLVEMENT IS ENCOURAGED

You are entitled to certain information about our operations and our performance under the CRA, including, for example, information about our branches, such as their location and services provided by them; the public section of our most recent CRA Performance Evaluation, prepared by the Comptroller, and comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments. You may review this information today.

At least 30 days before the beginning of each quarter, the Comptroller publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter. This list is available from the Deputy Comptroller; 500 N. Akard Street; Suite 1600; Dallas, Texas 75201. You may send written comments about our performance in helping to meet community credit needs to Mark Hymer, Senior Vice President, First National Bank of Mount Vernon, P.O. Box 909, Mount Vernon, Texas 75457 and Deputy Comptroller; 500 N. Akard Street; Suite 1600; Dallas, Texas 75201. Your letter, together with any response by us, will be considered by the Comptroller in evaluating our CRA performance and may be made public.

You may ask to look at any comments received by the Deputy Comptroller. You may also request from the Deputy Comptroller an announcement of our applications covered by the CRA filed with the Comptroller. We are an affiliate of Mount Vernon Bankshares, a bank holding company. You may request from the Director/Applications, Federal Reserve Bank of Dallas, P.O. Box 655906, Dallas, Texas 75265-5906,; an announcement of applications covered by the CRA filed by bank holding companies.

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Notice Regarding Customer Identification Program ("CIP")

The USA PATRIOT Act (and other applicable U.S. Federal law and regulations) requires First National Bank of Mount Vernon to obtain, verify, and record information that identifies each person who opens an account or makes changes to an existing account, including any account signatory. When you open an account, First National Bank of Mount Vernon will ask for the name, address, date of birth and other information regarding such persons, and we will ask to see certain identifying documents that will allow us to identify such persons. We may also seek to obtain or verify certain information about such persons from third parties. Any failure to fully comply with, or consent to, such requirements may lead to failure to establish, or the termination of, an account or service relationship. This federal requirement applies to all new customers and current customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.

Notice Regarding FDIC Insurance Coverage Limits

For more information on FDIC deposit insurance, please visit: http://www.fdic.gov/deposit/

Notice Regarding the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006

The Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and the Federal Reserve's Regulation GG prohibits the U.S. offices of First National Bank of Mount Vernon from conducting or processing transactions that are related, directly or indirectly, to unlawful internet gambling. The term "unlawful internet gambling", as used in this Notice, shall have the meaning set forth in 12 C.F.R. Section 132.2(bb). Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful internet gambling. It is the policy of First National Bank of Mount Vernon to strictly prohibit the use of your account or business relationship with First National Bank of Mount Vernon for such unlawful purpose.

Notice Regarding Your Ability to Withdraw Funds

This policy statement applies to all deposit accounts.
Our policy is to make funds from your cash and check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If you make a deposit at an ATM before 2:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at an ATM after 2:00 p.m. or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in the account to which the deposit is made. The funds in the account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

LONGER DELAYS MAY APPLY

Case-By-Case Delays - In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $200 of your deposits, however, will be available on the first business day.

If we are not going to make all of the funds from your deposit available on the first business day after we receive your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available.

If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.

Safeguard Exceptions - In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: we believe a check you deposit will not be paid, you deposit checks totaling more than $5,000 on any one day, you redeposit a check that has been returned unpaid, you have overdrawn your account repeatedly in the last six months, there is an emergency, such as failure of computer or communications equipment.

We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

SPECIAL RULES FOR NEW ACCOUNTS

If you are a new customer, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit.

Funds from all other check deposits will be available on the ninth business day after the day of your deposit.