Disclosures

Copyright Notice and Disclosures

Use of Information

Any person is hereby authorized to view the information available from this web site for informational purposes only. No part of the information on this site can be redistributed, copied, or reproduced without prior written consent of Bank of Oak Ridge.

Copyright Information

©2013 Bank of Oak Ridge, All Rights Reserved
©2013 The Forms Group, Scottsdale, AZ All Rights Reserved

All information in this site is protected by a compilation copyright in the United States of America based on U.S. Copyright Law (17 U.S.C. sec.101 et seq) and International Copyright Laws and may not be reproduced in whole or in part. Unless otherwise specified, no one has permission to copy or republish, in any form, any information found on this site.

Trademark Information

Banking As It Should Be® is a registered trademark of Bank of Oak Ridge.

BankSITE® is a registered trademark of The Forms Group.

Disclaimer of Warranties

The information contained or accessed, and references to corporations, including their services and products, are provided “as is” without warranty of any kind, either express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, non-infringement, or error-free or uninterrupted service.

Descriptions of, or references to, products, services or publications within Bank of Oak Ridge’s web site does not imply endorsement of that product, service or publication. Bank of Oak Ridge makes no warranty of any kind with respect to the subject matter included herein, the products listed herein, or the completeness or accuracy of the information. Bank of Oak Ridge specifically disclaims all warranties, express, implied or otherwise, including without limitation, all warranties of merchantability and fitness for a particular purpose.

This publication could include technical inaccuracies or typographical errors. Changes may be periodically made to the information herein.

Disclosures

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

FDIC Insurance Coverage

As of January 1, 2013, section 343 of the Dodd-Frank Act which provided unlimited coverage on noninterest-bearing transaction accounts expired. All transaction accounts, whether they pay interest or not, will be insured up to the standard maximum deposit insurance amount, which currently is $250,000. Also, the notice requirement for noninterest-bearing transaction accounts that convert to interest-bearing accounts does not apply to DDAs modified after December 31, 2012.

The FDIC Insures Your Deposits Up To $250,000

The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. For additional information regarding the FDIC’s deposit insurance coverage, visit www.fdic.gov and view the deposit insurance publication, “Are My Deposits Insured?” , use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) below or call the FDIC at 877-ASK-FDIC (877-275-3342).

FDIC Insurance Estimator (EDIE)

Use this calculator to determine if your money is 100% FDIC insured.

Facts, data, & other information presented on Bank of Oak Ridge website pages are provided directly by Bank of Oak Ridge.

Bank of Oak Ridge, our employees, officers, directors and shareholders, as well as BankSITE®, are not responsible for typographical errors or errors of omission; and, we cannot guarantee that all information is accurate or complete.

Deposit information presented on the website of Bank of Oak Ridge is in accordance with the Federal Reserves Truth in Savings Act (12CFR230). Interest rates displayed for deposit products are based on Annual Percentage Yield (APY) and may fluctuate at any time.

Loan information presented on the website of Bank of Oak Ridge is in accordance with the Federal Reserve Truth in Lending Act (12CFR226). Interest rates displayed for loan products are based on an Annual Percentage Rate (APR) and may fluctuate at any time.

Home Equity Loan Rate Disclosures:
Fixed Rate Home Equity Loan – Rates and terms subject to change. Normal underwriting guidelines apply. Standard fees at borrower’s expense.

Home Equity Line of Credit – Monthly Payments and Interest Only – The fully indexed Annual Percentage Rate (APR) is Prime + 0%. [“Prime” means the prime rate as published in The Wall Street Journal. The current rate is shown in the table. The rate may increase or decrease and cannot exceed 18%. Appraisal or title insurance, if required, at borrower’s expense. Property insurance is required. Flood insurance may be required. Property must be owner-occupied. Normal underwriting guidelines apply. Non-owner occupied loans are available at 1% higher with maximum of 90% LTV.

Mortgage Loan Rate Disclosures:
15-Year and 20-Year Fixed Rate – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs.

30-Year Fixed Rate – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs.

Construction Loan – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs. Your interest rate cannot change, increase or decrease more than two percentage points at each adjustment.

Adjustable Rate Mortgage – Rates and terms subject to change. Normal underwriting guidelines apply. Borrower pays all closing costs. Your interest rate cannot change, increase or decrease more than two percentage points at each adjustment.

E-Statements – Clients that have authorized the issuance of E-Statements, have the right to resume receiving paper statements at any time, upon notifying Bank of Oak Ridge.

Unlawful Internet Gambling Act – In compliance with the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, this notifies you that restricted transactions are prohibited from being processed through any account with Bank of Oak Ridge.

As of June 1, 2010, Regulation GG prohibits restricted transactions in your account. Restricted transactions include, but are not limited to checks, debit or credit card transactions, ACH or drafts that are knowingly accepted in connection with unlawful Internet gambling.

We may block or reject any restricted transactions or close any account we believe is in receipt of such transactions. If this doesn’t apply to your business, no action is required. Contact us for further details.