Understand the Differences Between Skagit Bank and Banner Bank s Business Account Products and Fees. Member FDIC

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1 Understand the Differences Between Skagit Bank and Banner Bank s Business Account Products and Fees Member FDIC

2 KEY DIFFERENCES ABOUT WHICH YOU SHOULD BE AWARE The following pages contain important differences between Skagit Bank and Banner Bank s business products, services and fees. Refer to the enclosed Welcome and Disclosures Booklets for important dates and other actions you may need to take. 1. The Terms and Conditions of Your Account, and other disclosures contained herein (e.g., Truth in Savings, Funds Availability, Electronic Fund Transfers Your Rights and Obligations, etc.) are fully replacing the Skagit Bank Deposit Account Agreement and Disclosure and related Schedules and Disclosures. 2. Favorable changes include: a. Stop payments Stop payment requests were valid for six (6) months at Skagit Bank. Banner Bank honors stop payment requests for 24 months. b. Debit Cards Skagit Bank limits debit card daily point-of-sale limits to $1,500. Banner Bank s daily point-of-sale limit is $5,000 or up to the balance in your account. 3. Negative and/or potentially negative changes between Skagit Bank and Banner Bank s Terms and Conditions include: a. The time to notify the Bank of deposit errors is reduced from one (1) year at Skagit Bank to 30 days at Banner Bank (60 days if related to an electronic deposit to consumer account) after the statement date that includes the erroneous deposit. (Refer to the Statements section of the Terms and Conditions.) b. The posting order of debits may be different from Skagit Bank, which may affect the number of overdraft or return item fees. (Skagit Bank clears checks in check number order from lowest to highest, and other charges may be paid before checks in any order at Skagit Bank s discretion. Banner Bank s posting order of withdrawals received for payment from your account is in the following order: i. Over-the-counter items (In-Branch) Account Withdrawals in dollar order, from lowest to highest; ii. ATM and Debit Card by type of transaction, and within each transaction type in dollar order, from lowest to highest; iii. Account Transfers and Account Withdrawals by type of transaction, and within each transaction type in dollar order, from lowest to highest; iv. Automatic Payments (also known as ACH) and Banner Bank Electronic Online Bill Pay Payments by type of transaction, and within each transaction type in dollar order, from lowest to highest. v. Checks, Banner Bank Check Online Bill Pay Payments, and similar items based on check number, from lowest to highest.

3 Business Accounts CHECKING ACCOUNTS Small Business Checking Business Checking $5 Minimum daily balance of $500 Non-interest bearing No charge for first 50 debit transactions per monthly statement period. First 100 deposited items at no charge per monthly statement period. $0.15 debit transactions and item deposit fee assessed for each additional debit transaction or item deposited. No limit on cash and coin transactions $1.00 for paper statements $1.00 for check images $5 Minimum daily balance of $500 Non-interest bearing No charge for first 50 debit transactions per monthly statement period. First 100 deposited items at no charge per monthly statement period. $0.15 debit transactions and item deposit fee assessed for each additional debit transaction or item deposited. No limit on cash and coin transactions $1.00 for paper statements $1.00 for check images A 0.10% earnings credit is applied on average monthly collected balance to help offset fees assessed. Basic Business Checking $0 No minimum balance requirement Non-interest bearing No fee for paper statements No charge for first 125 items processed (includes all transactions and items deposited), then $0.30 per item in excess of 125 per monthly statement period No charge on first $10,000 cash and coin transactions, then $0.15 per $100 processed in excess of $10,000 per monthly statement period Business Bill Pay $4.00 month (includes first 10 payments) then, $0.45 per payment $3 for check images in paper statements (monthly) No earnings credit applies

4 CHECKING ACCOUNTS Business Interest Checking Business Analysis Checking IOLTA Checking $10 Minimum daily balance of $1,500 for sole proprietorships; minimum daily balance of $1,000 for Non-Profit organizations Variable rate interest bearing No limit on debit transactions and items processed No limit on cash and coin transactions $1.00 for paper statements $1.00 for check images $8 An earnings credit is applied on average monthly collected balance to help offset fees assessed. Debit card, free sweeps and analysis fees from other bank products and services. $0 Variable rate interest bearing No minimum balance requirement $0.20 per debit transaction Basic Business Checking Analyzed Business Checking IOLTA/RETA Checking $0 No minimum balance requirement Non-interest bearing No fee for paper statements No charge for first 125 items processed (includes all transactions and items deposited), then $0.30 per item in excess of 125 per monthly statement period No charge on first $10,000 cash and coin transactions, then $0.15 per $100 processed in excess of $10,000 per monthly statement period Business Bill Pay $4.00 month (includes first 10 payments) then, $0.45 per payment $3 for check images in paper statements (monthly) $16 An earnings credit is applied on average monthly collected balance to help offset fees assessed. No limit on debit transactions and items processed (fees added to analysis) Business Bill Pay $6.00 month (includes first 10 payments) then, $0.55 per payment. Account is analyzed. Permissible charges are deducted from the monthly interest

5 CHECKING ACCOUNTS IRETA Formal Trust Public Analysis Checking Public Fund Checking Account $5 Variable rate interest bearing No minimum balance requirement $8 An earnings credit is applied on average monthly collected balance to help offset fees assessed. Debit card, free sweeps and analysis fees from other bank products and services. $5 Minimum daily balance of $ No charge for first 50 debit transactions per monthly statement period. First 100 deposited items at no charge per monthly statement period. $0.15 debit transactions and item deposit fee assessed for each additional debit transaction or item deposited. $1.00 for paper statements $1.00 for check images Analyzed Public Checking Basic Public Checking remittance to the state agency, and nonpermissible charges are collected from the firm s operating account $16 An earnings credit is applied on average monthly collected balance to help offset fees assessed. No limit on debit transactions and items processed (fees added to analysis) Business Bill Pay $6.00/month (includes first 10 payments), then $0.55 per payment. $0 No minimum balance required No charge for first 125 items processed, (includes all transactions and items deposited), then $0.30 per item in excess of 125 per monthly statement period No charge on first $10,000 cash and coin transactions, then $0.15 per $100 processed in excess of $10,000 per monthly statement period Business Bill Pay $4.00 month (includes first 10 payments) then, $0.45 per payment $3 for check images in paper statements (monthly)

6 CHECKING ACCOUNTS Public Fund Interest Checking $10 Minimum daily balance of $1, Variable rate interest bearing No limit on debit transactions and items processed No limit on cash and coin transactions $1.00 for paper statements $1.00 for check images Complete Public Interest Checking $13 Minimum daily balance of $5,000 or Average Daily Combined Relationship Deposit Balance of $20,000* No charge for first 275 items processed (includes all transactions and items deposited), then $0.20 per item in excess of 275 per monthly statement period No charge on first $20,000 cash and coin transactions, then $0.15 per $100 processed in excess of $10,000 per monthly statement period Business Bill Pay $4.00 month (includes first 10 payments) then, $0.45 per payment $3 for check images in paper statements (monthly) *Relationship balances include all checking and savings accounts including the primary account holder as either a primary or joint account holder.

7 BUSINESS SAVINGS ACCOUNTS Business Savings Account $3 Minimum daily balance of $ Tiered interest rate May be used as an overdraft sweep account tied to checking accounts (for Sole Proprietorships and Non-Profits) $2.00 for each debit >6 per calendar month. Business Savings Business Sweep Savings Account $3 Minimum daily balance of $ Tiered interest rate ATM Non Profit Savings Account May be used as an overdraft sweep account tied to checking accounts (for Sole Proprietorships and Non-Profits) $2.00 for each debit >6 per calendar month $3 Minimum daily balance of $ Tiered interest rate $2.00 for each debit >6 per calendar month $5 Minimum daily balance of $ Interest bearing account not tiered Unlimited withdrawals in person or by May be linked to Banner checking account for overdraft protection $5.00 excessive withdrawal fee 1 No charge on first 25 Deposited Items, then fee of $0.20 per item

8 BUSINESS SAVINGS ACCOUNTS Business Money Market Account Business Money Market $10 $10 Minimum daily balance of $1, Minimum daily balance of $2, Tiered interest rate Tiered interest rate Monthly statements Online banking and debit cards are available (on qualification) $2.00 for each debit >6 per calendar month Public Savings Account $3 Minimum daily balance of $ Tiered interest rate $2.00 for each debit >6 per calendar month Public Sweep Savings Account $3 Minimum daily balance of $ Tiered interest rate Unlimited withdrawals in person or by ATM May be linked to Banner checking Public Funds Savings account for overdraft protection $5.00 excessive withdrawal fee 1 No charge on first 25 Deposited Items, then fee of $0.20 per item $5 Minimum daily balance of $ Interest bearing account not tiered Unlimited withdrawals in person or by ATM May be linked to Banner checking account for overdraft protection $5.00 excessive withdrawal fee 1 No charge on first 25 Deposited Items, then fee of $0.20 per item $2.00 for each debit >6 per calendar month

9 BUSINESS SAVINGS ACCOUNTS Public Money Market Account $10 Minimum daily balance of $1, Tiered interest rate $2.00 for each debit >6 per calendar month Public Money Market $10 Minimum daily balance of $2, Tiered Interest rate Unlimited withdrawals in person or by ATM May be linked to Banner checking account for overdraft protection $5.00 excessive withdrawal fee 1 No charge on first 25 Deposited Items, then fee of $0.20 per item 1 Excessive withdrawal fee applies when the account exceeds 6 pre-authorized, automatic, electronic, ACH, telephone, online or wire withdrawals or transfers, or payment by check or debit card payable to third parties per statement period, if no more than 31 days. If statement period is quarterly, 6 pre-authorized withdrawals are allowed per calendar month.

10 SCHEDULE OF FEES COMPARISON Services Skagit Bank Price Banner Bank Price Account Reconciliation (per hour) Bank-to-Bank Transfer (Online Banking) Incoming Outgoing $25.00/hour ($15.00 minimum) N/A (not offered) N/A (not offered) Canadian Draft $12.00 $20.00 Cashier s Check (Client) Re-issue (if lost, additional documentation $5.00 $6.00 required) $5.00 $10.00 Check Collection (Incoming and Outgoing) Domestic International Check Images in paper statements (Monthly) Business Account Consumer Account $15.00 $15.00 $2.00 $2.00 $25.00/hour ($10.00 minimum) No Charge $2.00 $40.00 $50.00 $3.00 $2.00 ($1.00 for paper statement; $1.00 for check images) Debit Card Image Gallery Design N/A (not offered) $5.00 Debit Card Replacement After first replacement $7.50 $5.00 Rush replacement $50.00 $25.00 Deposited Item Return $5.00 $9.00 Dormant Account Fee Checking Savings $10.00/month $10.00/month (after 24 inactive months) Foreign Currency Exchange (non-canadian) $12.00 $25.00 Gift Card (per card) N/A (not offered) $4.00 International Draft N/A (not offered) $35.00 Levy/Garnishment $75.00 $ Money Order N/A (not offered) $3.00 $5.00/month $5.00/month (after 12 inactive months)

11 SCHEDULE OF FEES COMPARISON Services Skagit Bank Price Banner Bank Price Overdraft or Returned Item (per item, based on available balance) on Business Accounts Overdraft or Returned Item (per item, based on available balance) on Consumer Accounts Paid Transactions resulting in an end-of-day overdrawn balance of $5.00 or less will not be charged a fee. We will not charge you more than four (4) Paid Item Fees in one business day on your account. We will not charge you more than four (4) Returned Item Fees in one business day on your account. Overdraft Protection Transfer from Deposit Account (per $35.00, $350 daily maximum, 10 items per day (no charge for Overdraft balance under $10) $5.00/business day Continuous Overdraft Charge (after the account has been overdrawn for more than 7 consecutive business days) $35.00, $210 daily maximum (no charge for Overdraft balance under $10.00) $5.00/business day Continuous Overdraft Charge (after the account has been overdrawn for more than 7 consecutive business days) $35.00 $0.00 $9.00 day) Overdraft Balance Interest Rate (Business Accounts) N/A WSJ Prime % Personalized Checks Prices Vary Prices Vary Photocopy of Statement or Form 1099 $3.00 $5.00 Research (per hour) $25.00/hour ($15 minimum) Research Items (per copy) $0.25 $2.00 Safe Deposit Box Rental Annual rental fee varies by box size Late Fee (Charged 14 days after due date) $0.00 Key Replacement At cost Drill Fee $ $30.00, $140 daily maximum for paid items; $140 daily maximum for returned items (no charge for OD balance of $5.00 or less) $30.00/hour ($10.00/minimum) Annual rental fee varies by box size $5.00 $25.00 Cost Plus $50.00 Special Handling of Account (per month) $0.00 $5.00 Stop Payment $35.00 (6 month life) $35.00 (24 month life)

12 SCHEDULE OF FEES COMPARISON Services Skagit Bank Price Banner Bank Price Wire Transfer Incoming Outgoing Domestic Outgoing International Research or Tracers $15.00 $25.00 $40.00 $0.00 $15.00 $30.00 $50.00 $25.00 Zipper Bag N/A (not offered) $5.00

Understand the Differences Between Skagit Bank and Banner Bank s Products and Fees. Member FDIC

Understand the Differences Between Skagit Bank and Banner Bank s Products and Fees Member FDIC KEY DIFFERENCES ABOUT WHICH YOU SHOULD BE AWARE The following pages contain important differences between