Terms & Conditions: Your Deposit Account

Dear Depositor:
This brochure contains rules which govern your Account(s) with us. Please read this brochure carefully; if you sign your signature card or continue to maintain your Account you agree to these rules, you agree to pay the fees we charge and you give us the right to collect the fees, as earned, directly from the Account balance. If there is a conflict between the provisions of this Agreement and something said by one of our representatives, this Agreement will be controlling. You will receive a separate schedule of interest rates, qualifying balances, and fees if they are not included elsewhere in this brochure. If you have any questions, please call us.

Much of our relationship with our depositors is governed by state and federal law (which may change from time to time). This body of law is too large and complex to be reproduced here.

The purpose of this brochure is to:

1. summarize the existing rules applicable to the more common transactions;
2. establish rules to govern transactions or events which the law does not regulate;
3. establish rules for certain events or transactions which the law already regulates but permits variation by agreement;
4. and give you our funds availability, electronic funds transfer and/or truth-in-savings policy disclosures.

We may permit some variations from this standard agreement, but any such variations must be agreed to in writing either on our signature card for the Account or in some other written form.

As used in this brochure, the words “we”, “our” and “us” mean the financial institution and the words “you” and “your” mean the Account holder(s) and any authorized signer on your Account.

OPENING AN ACCOUNT

The Bank requires identification and taxpayer information in order to open an Account. “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.” The Bank may also request additional information from you or third parties including credit reports. At our discretion, the Bank may refuse to open an Account, refuse to accept additional deposits into an Account, terminate check writing privileges or close an Account.

LIABILITY

Each of you agrees, for yourself (and the person or entity you represent if you sign as a representative of another) to the terms of this Account and the schedule of charges that may be imposed. You authorize us to deduct these charges as accrued directly from the Account balance. You also agree to pay additional reasonable charges we may impose for services you request which are not contemplated by this agreement. Each of you also agrees to be jointly and severally liable for any Account deficit resulting from charges or overdrafts, whether caused by you or another authorized to withdraw from this Account, and the costs we incur to collect the deficit including, to the extent permitted by law, our reasonable attorneys’ fees.

DEPOSITS

Any items, other than cash, accepted for deposit (including items drawn “on us”) will be given provisional credit only until collection is final (and actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S. dollars). We are not responsible for transactions initiated by mail or outside depository until we actually record them. We will process deposits on the day received until our cutoff time (see Funds Availability Disclosure). All transactions received after our “daily cut-off time” on a business day we are open, or received on a day in which we are not open for business, will be treated and recorded as if initiated on the next following business day that we are open. A receipt may be made available for all deposits to your Account. The amount of your receipt is based solely on what is written on your deposit ticket. Credit for all deposits is subject to final verification. Adjustments may be made for any errors in mathematics, listing of items or other such mistakes. A receipt for this adjustment may be sent to you if the error is greater than $10.00.

WITHDRAWALS

Unless otherwise clearly indicated to the contrary, any one of you who signs in the space designated for signatures on the signature card, including authorized signers, may withdraw or transfer all or any part of the Account balance at any time on forms approved by us. Each of you (until we receive written notice to the contrary) authorizes each other person signing this form to endorse any item payable to you or your order for deposit to this Account or any other transaction with us. We may charge against your Account a check, even though payment was made before the date of the check, unless you have given us written notice of the postdating. The fact that we may honor withdrawal requests which overdraw the finally collected Account balance does not obligate us to do so, unless required by law. Withdrawals will first be made from collected funds, and we may, unless prohibited by law or our written policy, refuse any withdrawal request against uncollected funds, even if our general practice is to the contrary. We reserve the right to refuse any withdrawal or transfer request which is attempted by any method not specifically permitted, which is for an amount less than any minimum withdrawal requirement, or which exceeds any frequency limitation. Even if we honor a nonconforming request, repeated abuse of the stated limitations (if any) may eventually force us to close this Account. We will use the date a transaction is completed by us (as opposed to the day you initiate it) to apply the frequency limitations. On interest-bearing Accounts other than time deposits, we reserve the right to require at least seven days’ written notice before any withdrawal or transfer. Withdrawals from a time deposit prior to maturity or prior to the expiration of any notice period may be restricted and may be subject to penalty.

OWNERSHIP OF ACCOUNT AND BENEFICIARY DESIGNATION

These rules apply to this Account depending on the form of ownership and beneficiary designation, if any, specified on the Account records. Individual Account - is owned by one person. Joint Account - With Survivorship (And Not as Tenants In Common) - is owned by two or more persons. Each of you intend that upon your death the balance in the Account (subject to any previous pledge to which we have consented) will belong to the survivor(s). If two or more of you survive, you will own the balance in the Account as joint tenants with survivorship and not as tenants in common. Joint Account - No Survivorship (As Tenants In Common) - is owned by two or more persons, but none of you intend (merely by opening this Account) to create any right of survivorship in any other person. We encourage you to agree and tell us in writing of the percentage of the deposit contributed by each of you. This information will not, however, affect the number of signatures necessary for withdrawal. Each Accountholder is jointly and severally responsible for overdrafts created by any authorized signer(s) on the Account whether or not he/she participates in the transaction or benefits from its proceeds.

Revocable Trust or Pay-On-Death Account: Pay-On-Death Accounts may be created only if the Account is owned by one person. Revocable Trust Accounts may be created by Accounts with one or more owners. If two or more of you create a Revocable Trust Account, you own the Account jointly with survivorship. Beneficiaries of either of these Account types acquire the right to withdraw only if: (1) all persons creating the Account die, and (2) the beneficiary is then living. If two or more beneficiaries are named and survive the death of the owner(s) of the Account, such beneficiaries will own this Account in equal shares, without right of survivorship. The person(s) creating either a Pay-On-Death or Revocable Trust Account reserve the right to: (1) change beneficiaries, (2) change Account types, and (3) withdraw all or part of the deposit at any time.

Corporate, Partnership, and other Organizational Accounts: We will usually require a separate authorization form designating the person(s) permitted and conditions required for withdrawal from any Account in the name of a legal entity such as a partnership, corporation, or other organization. We will honor such authorization according to its terms until it is amended or terminated in writing by the governing body of such organization. Official documentation may be required. We may also require that any signers on an organizational Account provide identification in order to be allowed to sign on the Account.

Uniform Transfer to Minors Account: The funds in this Account are owned by the minor who receives the funds as an irrevocable gift. The Account is controlled by a custodian who manages the Account for the minor’s benefit. One custodian and one minor are allowed on the Account. We will act only upon the custodian’s instructions.

Power of Attorney: You may provide a power of attorney to designate a person with the authority to exercise all your rights under this agreement. We may limit you to the appointment of one attorney-in-fact whose appointment must be made by all the Account owners if it is a joint Account. Any such appointment must be in a form satisfactory to us.

AUTHORIZED SIGNERS (Individual Accounts only)

An authorized signer is someone to whom you give all rights you have now or in the future to make withdrawals and deposits. Merely by designating an authorized signer you do not intend to give up any ownership rights in the Account.

STOP-PAYMENTS

A stop-payment order must be given in the manner required by law and must be received in time to give us a reasonable opportunity to act on it before our stop-payment cut-off time. Our stop-payment cut-off time is one hour after the opening of the next business day after the business day on which we receive the order item. Additional limitations on our obligation to stop payment are provided by law. A stop-payment order must precisely identify the number, date and amount of the item, and the payee. We will honor a stop-payment request by the person who signed the particular item, and, by any other person, even though such other person did not sign the item, if such other person has an equal or greater right to withdraw from this Account than the person who signed the item in question. A stop payment order shall remain in effect for 6 months unless you instruct us to cancel or renew it. A release of the stop-payment request may be made only by the person who initiated the stop-payment. A stop payment order may be placed on official checks only if such checks have been lost, stolen, or destroyed. The Bank is not obligated to pay the amount of the check until it receives appropriate documentation and until 90 days from the issue date.

If you provide your Account number to a third party in order to charge your Account by means of a demand draft ( an item which does not bear your signature but purports to be drawn with your authorization) or electronic debit, we may treat such disclosure as your authorization to that party to issue written or electronic drafts or other debits against your Account. Until you notify us that such items are not authorized, we shall not be liable to you for the payment of such items, even though the payments are not in accordance with authorization you may have given that party.

TELEPHONE TRANSFERS

A transfer of funds from this Account to another Account with us, by telephone, if otherwise permitted or arranged for, may be made by the same persons and under the same conditions generally applicable to withdrawals made in writing. We restrict the number of transfers from a savings Account to another Account, or third parties, to a maximum of six per month (less the number of certain “preauthorized transfers” during the month). Other Account transfer restrictions are shown elsewhere in this brochure.

AMENDMENTS AND TERMINATION

We may change any term of this agreement. Rules governing changes in interest rates have been provided separately. For other changes we will give you reasonable notice in writing or by any other method permitted by law. We may also close this Account at any time upon reasonable notice to you and tender of the Account balance personally or by mail. Notice from us to any one of you is considered notice to all Accountholders.

You may close your Account at any time by notifying us in writing. In the absence of such written notice, we reserve the right to determine when an Account is closed by the depositor, based on customary factors, including that there is no Account balance, that no deposit or withdrawal has been made for 3 months, or that the Accountholder has asked us to close the Account.

STATEMENTS

Unless you have agreed to receive your statement electronically, an Account statement will be sent to you periodically by U. S. Mail at the current address listed on the records of the Bank. Electronic statements will be sent by e-mail to the address indicated in the Internet Banking System you are using. If you change your e-mail address, you must update that information in the Internet Banking System so you may continue to receive statements. If your address should change, it is important that you notify us. All change of address requests must be in writing, signed by an Accountholder. If two consecutive statements or notices are returned to us by the U. S. Postal Service, we may hold subsequent notices and statements until we receive forwarding information from you.

You must examine your statement of Account with “reasonable promptness.” If you discover (or reasonably should have discovered) any unauthorized payments or alterations, you must promptly notify us of the relevant facts. If you fail to do either of these duties, you will have to either share the loss with us, or bear the loss entirely yourself (depending on whether we exercised ordinary care and, if not, whether we substantially contributed to the loss). The loss could be not only with respect to items on the statement but other items forged or altered by the same wrongdoer. You agree that the time you have to examine your statement and report to us will depend on the circumstances, but that such time will not, in any circumstance, exceed a total of 15 days from when the statement is first made available to you.

You further agree that if you fail to report any unauthorized signatures, alterations, forgeries or any other errors in your Account within 60 days of when we make the statement available, you cannot assert a claim against us on any items in that statement, and the loss will be entirely yours. This 60 day limitation is without regard to whether we exercised ordinary care. The limitation in this paragraph is in addition to that contained in the first paragraph of this section.

ACCOUNT TRANSFER

This Account may not be transferred or assigned without our prior written consent.

Balance ReClassificationBALANCE RECLASSIFICATION

The Bank may make a change in your Checking Account that will not affect your available balance, interest earnings, FDIC insurance, or bank statement. The Account will consist of a checking sub account and a savings sub account. The Bank may periodically transfer funds between these two sub accounts. On a sixth transfer during a calendar month, any funds in the savings sub account will be transferred back to the checking sub account. 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.

We are implementing this to avail ourselves of the opportunity to reduce the Bank’s Reserve Requirement in order to maintain our reasonable pricing on deposit accounts. If you have any questions please call us at: 847-733-7400.

DIRECT DEPOSITS

If, in connection with a direct deposit plan, we deposit any amount in this Account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from this Account or from any other Account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.

TEMPORARY ACCOUNT AGREEMENT

If this option is selected, this is a temporary Account agreement. Each person who signs in the space designated for signatures on the signature card (except as indicated to the contrary) may transact business on this Account. However, we may at some time in the future restrict or prohibit further use of this Account if you fail to comply within a reasonable time with the requirements we have imposed.

SET-OFF

You agree that we may (without prior notice and when permitted by law) setoff the funds in this Account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons’ or legal entity’s right to withdraw. If the debt arises from a note, “any due and payable debt” includes the total amount of which we are entitled to demand payment under the terms of the note at the time we set off, including any balance due as of the date for which we properly accelerate under the note. This right of set-off does not apply to this Account if: (a) it is an Individual Retirement Account or other tax-deferred retirement Account, or (b) the debt is created by a consumer credit transaction under a credit card plan, or (c) the debtor’s right of withdrawal arises only in a representative capacity. We will not be liable for the dishonor of any check when the dishonor occurs because we set off a debt against this Account. You agree to hold us harmless from any claim arising as a result of our exercise of our right of set-off.

RESTRICTIVE LEGENDS

We are not required to honor any restrictive legend on checks you write unless we have agreed to the restriction in writing signed by an officer of the bank. Examples of restrictive legends are “must be presented within 90 days” or “not valid for more than $1,000.00”.

POSTDATED AND STALE-DATED CHECKS

We will not review checks to determine whether they are postdated (future dated) or stale-dated (more than six months old). If you do not want us to pay a postdated check or stale-dated check drawn on your Account, you must provide us with a stop payment order.

DORMANT ACCOUNTS

A Checking Account, Money Market Account, Savings Account or NOW Account is considered dormant if you have not made a deposit or withdrawal in 3 years. These Accounts may be subject to a dormant charge. After five years of inactivity, Illinois law requires us to transfer these Accounts to the State of Illinois as abandoned property. A certificate of deposit is considered abandoned if no contact is made with the owner 5 years after the first renewal. Activity on a transaction Account owned by the customer is considered contact. We will attempt to notify you prior to submission to the State of Illinois, at the last address of record.

INTEREST WITHHOLDING

If you do not certify that you provided us with the correct taxpayer identification number for your Account, we may be required to withhold a certain percentage of your interest income. Interest withheld will be forwarded to the Internal Revenue Service in accordance with federal regulations.

LEGAL PROCEEDINGS

If we are served with a levy, garnishment, citation, subpoena or other similar order relating to your Accounts, we will comply with that legal action. A fee for processing will be assessed. If we are not fully reimbursed for our record research, photocopying, and handling costs by the party that served the process, we may charge a fee to your Account in addition to the legal process fee.

In addition, if we find it necessary to hire an attorney to represent the bank in any proceedings related to your account, you will pay our attorney’s fees and our legal expenses subject to any limits under the law. We will place a lien on any funds in the account for all sums due pursuant to this paragraph, and we have a right to offset any funds in your account to pay these expenses.

ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES

The Electronic Fund Transfers we are capable of handling are indicated below, some of which may not apply to your Account. Please read this disclosure carefully because it informs you of your rights and obligations for these transactions. You should retain this notice for future reference.

Direct Deposits

You may make arrangements for certain direct deposits to be accepted into your Checking, Money Market, Statement Savings or NOW Accounts.

Preauthorized Withdrawals

You may make arrangements to pay certain recurring bills from your Checking, Money Market, Statement Savings or NOW Accounts.

Electronic Check Conversion

You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or to pay bills.

Electronic Returned Check Charge

You may authorize a payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for non-sufficient funds.

ATM/Debit Card Transactions

You may access your Account(s) by ATM using your First Bank & Trust ATM/Debit card and personal identification number (P.I.N.), to:

1. Withdraw cash from your Checking, NOW Account, Money Market Account and Statement Savings Account.
2. Make deposits to your Checking, NOW Account, Money Market Account and Statement Savings Account.
3. Initiate the transfer of available funds (a withdrawal and a deposit) between your Checking, NOW Account, Money Market Account and Statement Savings Account whenever you request.
4. Make balance inquiries.
5. Your debit card may be used to pay for purchases at locations that have agreed to accept the card.

Limitations on cash withdrawal amounts will be determined at the time your ATM/Debit card is issued. Generally, our daily cash withdrawal limit is $200.00 unless otherwise disclosed. Refer to our schedule of service charges for a detail of these fees.

Terminal Transfers. You can get a receipt at the time you make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less.

Some of these services may not be available at all terminals.

Please also see Limitations on Frequency of Transfers section regarding limitations that apply to ATM transfers.

Limitations on Frequency of Transfers

Transfers from a Money Market Account to another Account or to third parties by preauthorized, automatic, telephone, or ATM (to third parties only) transfer are limited to six per statement cycle, with no more than three by check or similar order to third parties.

The card issued to you remains the property of the Bank and, if we request, you must surrender all cards we issued to you. We may terminate your right to use the cards at any time for any reason.

First Bank Express and Business Express INTERNET Banking
If you have submitted an application and have been approved for online banking services, you may access your Account(s) through the Internet. You may:

1. Receive balance and transaction history,
2. Issue stop payment orders for checks, and
3. Transfer available funds between your qualified Accounts at First Bank & Trust.
4. If approved, you may also use the Internet to direct payments to be made to third parties.

You will be given an ID number and a password which will allow you access to these services. You should maintain the confidentiality of this information. Disclosures and specific terms and conditions for Online banking can be found on our website and will be provided to you when you sign up for this service.

First Bank Express Telephone Transfers

You may access your account by telephone, 24-hours a day at 800-334-9956, using your personal identification number (P.I.N.) to:

1. Get account balance and recent transaction information.
2. Transfer available funds between your qualified accounts at First Bank & Trust.

CHARGES FOR ELECTRONIC FUNDS TRANSFERS

We do not charge for direct deposits to any type of Account. We do not charge for preauthorized withdrawals from any type of Account. Except as indicated elsewhere, we do not charge for electronic funds transfers.

Our network of choice is Star Systems. Please note that there may be additional fees charged by the terminal owner when withdrawing cash from their ATM (surcharge), but you may opt out of the transaction and choose not to accept the fee. Fees for 8 surcharges each monthly statement period will be refunded and such refunds will appear on your monthly statement.

RIGHT TO DOCUMENTATION

Terminal Transfers. You can get a receipt at the time you make any transfer to or from your Account using one of our automated teller machines or point-of-sale terminals.

Direct Deposits. If you have arranged to have direct deposits made to your Account at least once every 60 days from the same person or company, you can call us at:

(847) 733-7400 (Church Street Office)
(847) 733-9600 (Central Street Office)
(847) 328-1974 (Emerson Street Office)
(847) 328-4639 (Main Street Office)
(847)328-4639 (Main Street Office)
(847) 784-8888 (Winnetka Office)
(847) 329-0400 (Skokie Office)
or call (800) 334-9956 (First Bank Express) 24 hours a day to find out whether or not the deposit has been made.

Periodic Statements. You will get a monthly Account statement from us for your Checking, NOW, or Money Market Accounts. You will get a quarterly Account statement from us for your Statement Savings Accounts. You will get a monthly Account statement from us on your Savings or Checking Account with any electronic fund transfer activity.

STOP PAYMENT PROCEDURES AND NOTICE OF VARYING AMOUNTS

Right to Stop Payment and Procedure for Doing So. If you have told us in advance to make regular payments out of your Account, you can stop any of these payments.

Here is how: Call or write us at the telephone number or address listed in this brochure in time for us to receive your request three business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.

Notice of Varying Amounts. If these regular payments may vary in amount, the person you are going to pay will tell you 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)

Liability for Failure to Stop Payment of Preauthorized Transfer. If you order us to stop one of these payments three business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

OUR LIABILITY

Liability for Failure to Make Transfers. If we do not complete a transfer to or from your Account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will NOT be liable, for instance:

1. If, through no fault of ours, you do not have enough money in your Account to make the transfer;
2. If the transfer would go over the credit limit on your overdraft line;
3. If the terminal or system was not working properly and you knew about the breakdown when you started the transfer;
4. If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions we have taken.
5. There may be other exceptions in our agreement with you.

DISCLOSURE OF ACCOUNT INFORMATION TO THIRD PARTIES

We will disclose information to third parties about your Account or the transfers you make:

1. When it is necessary for completing transfers;
2. In order to verify the existence and condition of your Account for a third party, such as a credit bureau or merchant;
3. In order to comply with government agency or court orders; or
4. If you give us written permission.

UNAUTHORIZED TRANSFERS

Tell us AT ONCE if you believe your ATM or Debit card and/or code have been lost or stolen—or if you believe that an electronic fund transfer has been made without your permission, using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all of the money in your Account (plus your maximum overdraft line of credit). If you tell us within two business days, you can lose no more than $50 if someone used your card without your permission.

If you do not tell us within two business days after you learn of the loss or theft of your card and/or code, and we can establish we could have stopped someone from using your card and/or code without your permission if you had told us, you can lose as much as $500.

Also, if your statement shows transfers that you did not make, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost if we can prove that we could have stopped someone from taking the money if you had told us in time.
If a good reason (such as a long trip or a hospital stay) kept you from telling us, we may extend the time period.

If you believe your card and/or code has been lost or stolen or that someone has transferred or may transfer money from your Account without your permission, contact us at the telephone number or address listed in this brochure.

If you believe your Debit card has been lost or stolen and discover this outside of our normal banking hours, please call 800-236-2442 to cancel the card. Be sure to keep a record of your card number.

ADDITIONAL LIMIT ON LIABILITY FOR VISA® BRANDED DEBIT CARD

Unless you have been grossly negligent or have engaged in fraud, you will not be liable for any unauthorized transactions using your lost or stolen Visa®-branded Debit Card. This additional limit on liability does not apply to ATM transactions or to transactions using your personal identification number (P.I.N.) which are not processed by Visa®.

ERROR RESOLUTION

The term “electronic funds transfer” means any transfer of funds that is initiated through an electronic terminal, telephone, computer or magnetic media for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an Account. The term includes, but is not limited to (1) point-of-sale transfers; (2) automated teller machine transfers; (3) direct deposit or withdrawal of funds; (4) transfers initiated by telephone; and (5) transfers resulting from debit card transactions, whether or not initiated through an electronic terminal.

In case of errors or questions about your electronic transfers, call or write us at the telephone number or address listed in this brochure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

1. Tell us your name and Account number.
2. Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information.
3. Tell us the dollar amount of the suspected error.
4. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days.
5. We will tell you the results of our investigation within 10 business days (20 business days if the error involves a transfer to or from the Account within 30 days after the first deposit to the Account was made and 5 business days for Visa®-branded Debit Card point-of-sale transactions) after we hear from you and we will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved was not initiated within our state, resulted from a point-of-sale debit card transaction or occurred within 30 days after the first deposit to the Account was made) to investigate your complaint or question. If we decide to do this we will provisionally credit your Account within 10 business days for the amount you think is in error (5 business days for Visa®-branded Debit Card point-of-sale transactions and 20 business days if the transfer involves a new account), so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or questions in writing and we do not receive it within 10 business days, we may not recredit your Account.
6. We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.

FIRST BANK & TRUST
820 CHURCH STREET
EVANSTON, ILLINOIS 60201
Business Days: Monday through Friday, Excluding Federal Holidays
Phone: (847) 733-7400

MORE DETAILED INFORMATION IS AVAILABLE ON REQUEST

FUNDS AVAILABILITY DISCLOSURE

This policy statement does not apply to Savings Accounts or Certificates of Deposit. Our policy is to make funds from your deposit available to you on the first business day after the day we receive your deposit if you have a Personal Account with us. If you have a Business Account, the funds will be available on the second business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds 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 4:00 P.M. Monday through Friday at Church Street, 3:00 P.M. at our other locations, 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 4:00 P.M. Monday through Friday at Church St. or 3:00 P.M. at our other locations 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 our ATM before 2:00 P.M. on a business day we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at our 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.

LONGER DELAYS MAY APPLY

In some cases, we may 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 (the second business day after the day of deposit on Business Accounts). Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. However, the first $100 of your deposits will be available on the first business day after we receive your deposit.

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 (the second business day after the day of deposit on Business Accounts), 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.

In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:

1. We believe a check you deposit will not be paid.
2. You deposit checks totaling more than $5,000 on any one day.
3. You redeposit a check that has been returned unpaid.
4. You have overdrawn your Account repeatedly in the last six months.
5. There is an emergency, such as failure of communications or computer equipment.
6. 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 into 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 and U.S. Postal Service money orders 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.

DEPOSITS AT AUTOMATED TELLER MACHINES

Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the 2nd business day after the day of your deposit. This rule does not apply at ATMs that we own or operate. The ATMs we own or operate are located at 820 Church Street, 2925 Central Street and 824 Emerson Street, Evanston, Illinois 60201; 100 Green Bay Road, Winnetka, Illinois 60093; and 8047 Skokie Boulevard, Skokie, Illinois 60077.

TRUTH-IN-SAVINGS DISCLOSURE

Traditional Checking Account

Minimum balance to avoid imposition of fees - A service charge fee will be imposed every statement cycle unless you maintain either a minimum daily balance of $500.00 or an average daily balance of $1000.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the Account for each day of the period and dividing that figure by the number of days in the period.

Economy Checking Account

Fees - A monthly fee will be charged on this Account. A transaction fee will be charged for each debit transaction exceeding 10 in any given month.

Senior Checking Account

No service charge or check fee will be imposed on this Account.

N.O.W. Account

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your Account at any time.

Determination of rate - At our discretion, we may change the interest rate on your Account.

Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your Account every month.

Effect of closing an Account - If you close your Account before interest is credited, you will not receive the accrued interest.

Minimum balance to avoid imposition of fees - A service charge fee will be imposed every statement cycle unless you maintain either a minimum daily balance of $1,000.00 or an average daily balance of $2,500.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the Account for each day of the period and dividing that figure by the number of days in the period.

Daily balance computation method - We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate to the Account each day.

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

PASSBOOK OR STATEMENT SAVINGS ACCOUNT

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your Account at any time.

Determination of rate - At our discretion, we may change the interest rate on your Account.

Compounding and crediting frequency - Interest will be compounded quarterly. Interest will be credited to your Account quarterly.

Effect of closing an Account - If you close your Account before interest is credited, you will not receive the accrued interest. If you close your Account within 6 months of opening, a fee will be charged.

Minimum balance to avoid imposition of fees - A service charge fee will be imposed each quarter the balance in the Account falls below $200.00 any day of the quarter. Junior Banker Accounts are exempt from minimum balance requirements.

Daily balance computation method - We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate to the Account each day.

Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Transaction Limitations - Transfers from a Statement Savings Account to another Account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no more than three by order to third parties.

MONEY MARKET ACCOUNT

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate any time.

Determination of rate - At our discretion, we may change the interest rate on your Account.

Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your Account every month.

Effect of closing an Account - If you close your Account before interest is credited, you will not receive the accrued interest.

Minimum balance to avoid imposition of fees - A service charge fee will be imposed every statement cycle unless you maintain either a minimum daily balance of $1,000.00 or an average daily balance of $2,500.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the Account for each day of the period and dividing that figure by the number of days in the period.

Daily balance computation method - We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate to the Account each day.

Accrual of interest on noncash deposits- Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction Limitations - Transfers from a Money Market Account to another Account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle.

INVESTMENT MONEY MARKET ACCOUNT

Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate any time.

Determination of rate - At our discretion, we may change the interest rate on your Account.

Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited to your Account every month.

Effect of closing an Account - If you close your Account before interest is credited, you will not receive the accrued interest.

Minimum balance to avoid imposition of fees - A service charge fee will be imposed every statement cycle unless you maintain either a minimum daily balance of $10,000.00 or an average daily balance of $15,000.00 for the monthly statement cycle. The average daily balance is calculated by adding the principal in the Account for each day of the period and dividing that figure by the number of days in the period.

Daily balance computation method - We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate to the Account each day.

Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).

Transaction Limitations - Transfers from an Investment Money Market Account to another Account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per statement cycle.

Specific fee information can be found in our “Deposit Products and Service Charge Schedule.”