Online CD Special A1

Online CD Special #1
E-Sign Authorization and Agreement to Receive Electronic Disclosures and Notices


I authorize First Community Bank to use my electronic signature for all documents and agreements relating to this deposit account until I close all my accounts with First Community Bank or until I provide written notice of my withdrawal of consent.  Withdrawal of consent shall be in writing and mailed to First Community Bank, Attention: Customer Service Department, 1325 Harrison Street, Batesville, AR 72501.  This consent is to permit an electronic signature in lieu of a hand-written signature on any account documents.  I agree that my electronic signature will be enforceable to the full extent of an original hand-written signature.  I agree that my electronic signature on account documents will be enforceable in federal court, state court, arbitration and any other legal or regulatory setting.  I agree that I will not raise any defenses or claims attempting to invalidate the enforceability of the account documents bearing my electronic signature.


I agree to receive account opening disclosures and notices relating to this deposit account application electronically.  I understand and acknowledge that I presently have the right to receive such notices and disclosures in paper form, and that I may revoke this Agreement at any time by either sending notice electronically in an E-mail to First Community Bank at customerservice@firstcommunity.net or in writing mailed to First Community Bank, Attention: Customer Service Department, 1325 Harrison Street, Batesville, AR 72501 at which time I will again be entitled to receive such notices and disclosures in paper form at no charge. 


I understand that for accounts with multiple owners, only one account owner needs to authorize the service. In accordance with the terms of the First Community Bank deposit account agreement, all account owners will be bound by the decision of the account holder who authorizes this service. 


I understand and agree that even though I have agreed to receive disclosures and notices electronically, I may contact the Bank by telephone or E-mail to request that the Bank send a paper copy of a disclosure and notice that has already been sent or is available electronically, and that the Bank may charge a fee for that service, which will be separately disclosed. I agree that such fee can be deducted from any account that I own at the Bank. I agree to maintain a valid, active e-mail address. I must promptly notify the Bank of any change in my E-mail or postal address by contacting the Customer Service Department at 870-612-3400 or by E-mail at customerservice@firstcommunity.net. 
 


Hardware and Software Requirements:
I understand that, in order to receive such disclosures electronically, I must have:


• an Internet web browser which is capable of supporting HTML and 128-bit SSL encryption;


• connection to the Internet;


• a current version of a program that accurately reads and displays Portable Document Format or “PDF” files, such as Adobe® Acrobat Reader® version 8.0 or above (available for downloading at https://get.adobe.com/reader/; and


• a computer or other device which is capable of supporting all of the above.  
I will provide and maintain electronic storage space to retain Notices in electronic form and understand that I will need a printer if I wish to retain Notices in paper form.


I understand that in the event I experience difficulties or have questions regarding notices or disclosures I can contact the Customer Service Department by telephone or E-mail. 


I understand, that if in the future, the Bank upgrades its Internet delivery system, with the result that I may need upgraded hardware and/or software that differs from that referred to below, I may revoke this Agreement in the same manner as discussed earlier. 


I understand and agree that the Bank retains the right, to the extent permitted by law, to amend this agreement in the future by providing me with written notice of such changes sent to my last known mailing address or by providing electronic notice of such changes sent to my last known E-mail address. In the future, should the Bank, by law or regulation, be permitted to deliver additional notices or disclosures to which I am entitled, I hereby agree to receive such notices or disclosures in electronic format sent to my last known E-mail address. 


Use of this service is subject to all applicable federal, state and local laws and regulations, and unauthorized use of the service is strictly forbidden. 


By clicking on "I agree," I confirm that I meet the hardware and software requirements required for me to access, view and print my disclosures and notices as contemplated under this Agreement. 


By clicking on "I agree," I also agree to the terms and conditions of this Agreement. 


IMPORTANT: PLEASE PRINT AND RETAIN THIS AGREEMENT FOR YOUR RECORDS.


Truth in Savings Disclosure

FIRST COMMUNITY BANK - MAIN OFFICE
P.O. Box 4327
Batesville, AR 72503-4327

Online CD Special A1

FIXED INTEREST RATE INFORMATION

The interest rate and annual percentage yield on your account will remain the same until the maturity date.

The current interest rate and annual percentage yield are displayed on the confirmation page of this application. NOTE: Annual Percentage Yield is abbreviated as "APY".

Minimum Balance To Open Account: $500.00

The annual percentage yield assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.

COMPOUNDING AND CREDITING

Interest frequency is Periodic

Interest will Capitalize every 1 month(s)

If you close your account before the interest is credited, you will not receive the accrued interest.

MINIMUM BALANCE REQUIREMENTS

You must deposit at least $500.00 to open this account. BALANCE COMPUTATION METHOD

We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

ACCRUAL ON NON-CASH DEPOSITS

Interest begins to accrue on the business day you deposit non-cash items, for example, checks.

EARLY WITHDRAWAL PENALTIES

We may impose a penalty if you withdraw any of the principal before the maturity date. The fee imposed will equal 90 Days Interest.

CLOSING ACCOUNT BEFORE MATURITY

In the event you need to close your account before the maturity date, you will be required to visit a local branch so that we may have you complete all the required account closing documents in person.

RENEWAL POLICY

This account will automatically renew at maturity. You will have ten (10) days after the maturity date to withdraw funds without a penalty.

ADDITIONS TO ACCOUNT

You may not make any deposits into your account before maturity.

ASSIGNMENT OF BENEFICIARIES

If you would like us to add a beneficiary to the account you are opening, please contact us after your account has been activated so that we may provide you instructions on how to add a beneficiary.

Definitions. "We," "our," and "us" mean the issuer of this account and "you" and "your" mean the depositor(s). "Account" means the original certificate of deposit as well as the deposit it evidences.

Transfer. "Transfer" means any change in ownership, withdrawal rights, or survivorship rights, including (but not limited to) any pledge or assignment of this account as collateral. You cannot transfer this account without our written consent.

Primary Agreement. You agree to keep your funds with us in this account until the maturity date. (An automatically renewable account matures at regular intervals.) You may not transfer this account without first obtaining our written consent. You must present this certificate when you request a withdrawal or a transfer.
This account is void if the deposit is made by any method requiring collection (such as a check) and the deposit is not immediately collected in full. If the deposit is made or payable in a foreign currency, the amount of the deposit will be adjusted to reflect final exchange into U.S. dollars.

We may change any term of this agreement. Rules governing changes in interest rates have been provided. For other changes we will give you reasonable notice in writing or by any other method permitted by law. If any notice is necessary, you all agree that the notice will be sufficient if we mail it to the address listed on page one of this form. You must notify us of any change.

Withdrawals and Transfers. Only those of you who sign the permanent signature card may withdraw funds from this account. (In appropriate cases, a court appointed representative, a beneficiary of a trust or pay-on-death account whose right of withdrawal has matured, or a newly appointed and authorized representative of a legal entity may also withdraw from this account.) The specific number of you who must agree to any withdrawal is written on page one in the section bearing the title Number of Endorsements. This means, for example, that if two of you sign the signature card but only one endorsement is necessary for withdrawal then either of you may request withdrawal of the entire account at any time. Unless otherwise specified in writing, only one endorsement is required to withdraw funds from this account. These same rules apply to define the names and the number of you who can request our consent to a transfer.

Pledges. Any pledge of this account (to which we have agreed), must first be satisfied before the rights of any joint account survivor, pay-on-death beneficiary or trust account beneficiary become effective. For example, if one joint tenant pledges the account for payment of a debt and then dies, the surviving joint tenant's rights in this account are subject first to the payment of the debt.

Ownership of Account and Beneficiary Designation. You intend these rules to apply to this account depending on the form of ownership and beneficiary designation, if any, specified on page 1. We make no representations as to the appropriateness or effect of the ownership and beneficiary designations, except as they determine to whom we pay the account funds.

Individual Account. Such an account is owned by one person.

Joint Account With Survivorship (And Not As Tenants In Common). Such an account 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 ownership as joint tenants with survivorship and not as tenants in common.

Joint Account - No Survivorship (As Tenants In Common). Such an account 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 endorsements" necessary for withdrawal.

Pay-on-Death Account (subject to this agreement). If two or more of you create such an account, you own the account jointly with survivorship. Beneficiaries 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 all persons creating the account, such beneficiaries will own this account in equal shares, with right of survivorship. Any such beneficiary may withdraw all or any part of the account balance. The person(s) creating this account type reserves the right to: (1) change beneficiaries; (2) change account types; and (3) withdraw all or part of the deposit at any time.

Trust Account Subject to Separate Agreement. We will abide by the terms of any separate agreement which clearly pertains to this account and which you file with us. Any additional consistent terms stated on this form will also apply.

Set-Off. You agree that we may (without prior notice and when permitted by law) set off 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 person's 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 the due 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. You agree to hold us harmless from any claim arising as a result of our exercise of our right of set-off.

Balance Computation Method. We use the daily balance method to calculate the interest on this account. This method applies a daily periodic rate to the principal in the account each day.

Transaction Limitations. You cannot make additional deposits to this account during a term (other than credited interest). You cannot withdraw principal from this account without our consent except on or after maturity. (For accounts that automatically renew, there is a grace period after each renewal date during which withdrawals are permitted without penalty.)

In certain circumstances, such as the death or incompetence of an account owner, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. Other exceptions may also apply, for example, if this is part of an IRA or other tax-deferred savings plan.

For Accounts that Automatically Renew. Each renewal term your funds will be placed in a product that offers similar features, including interest rate and term, beginning on the maturity date (unless we notify you, in writing, before a maturity date, of a different term for renewal).

You must notify us in writing before, or within a 13 day grace period after, the maturity date if you do not want this account to automatically renew. Interest earned during one term that is not withdrawn during or immediately after that term is added to principal for the renewal term.
The rate for each renewal term will be determined by us on or just before the renewal date. You may call us on or shortly before the maturity date and we can tell you what the interest rate will be for the next renewal term. On accounts with terms of longer than one month we will remind you in advance of the renewal and tell you when the rate will be known for the renewal period.

See your plan disclosure if this account is part of an IRA or Keogh.