Sincerely, June 1, 2015

Transcription

1 Bridgehampton National Bank 2200 Montauk Highway P.O. Box 3005 Bridgehampton, NY Toll Free June 1, 2015 We are pleased to introduce you to Bridgehampton National Bank (BNB). On December 14, 2014 Community National Bank (CNB) agreed to merge into BNB, which agreement has been approved by both company s shareholders. Regulatory approval is pending and expected imminently. For over 100 years BNB has been committed to the mission of community banking: developing personal relationships with businesses and individuals, delivering a high level of service through experienced local professionals and making a difference in the neighborhoods where we live and work. We share these values with CNB. As a BNB customer, you will continue to receive the personal service and quality products that you have enjoyed as a CNB customer. Subject to the timely receipt of regulatory approvals, on Monday, June 22, 2015 your CNB branches in Suffolk and Nassau Counties, Queens, and New York City will reopen as BNB branches. Your account numbers will remain the same, and you may continue to use your current supply of checks. If you currently have a CNB debit card or ATM card, you will be receiving a new Bridgehampton National Bank Debit MasterCard in anticipation of the final integration. With the addition of the CNB branches, you will have full access to 40 BNB branch locations and an ATM network covering Suffolk and Nassau counties, Queens and NYC, as well as an extended network of surcharge free ATMs in various Rite Aid and Walgreens drugstores 1 throughout New York State. The package of information that is included with this letter is your guide to account changes, important facts and disclosures for both deposit and loan accounts. Some of the information you will find in this package: Branch information and new hours of operation for CNB Branches. Product Comparison of your CNB accounts and your new BNB accounts. BNB Account Service Charge Disclosure for new fees that may affect your account, along with Other Important Information About Your Account. BNB Privacy Policy. BNB Electronic Funds Transfer Rights and Responsibilities. BNB Funds Availability Policy. Please carefully review the material, and don t hesitate to ask us questions, or visit our website, to get to know us better. We value your continued relationship and look forward to providing you with exceptional BNB service for many years to come. Sincerely, James J. Manseau Executive Vice President Chief Retail Banking Officer 1 Please visit our website for a list of participating Rite Aid and Walgreens drugstores

2 Branch Locations If you should have questions regarding any information in this Welcome Package, please contact your local branch. Bayside Bell Boulevard Bayside, NY (347) Garden City 1055 Franklin Avenue Garden City, NY (516) Great Neck 200 Middle Neck Road Great Neck, NY (516) Hewlett 1218 Broadway Hewlett, NY (516) Huntington 337 Main Street Huntington, NY (631) Melville 400 Broadhollow Road Melville, NY (631) New Hyde Park 799 Hillside Avenue North New Hyde Park, NY (516) Oceanside 3121 Long Beach Road Oceanside, NY (516) Rockville Centre 333 Merrick Road Rockville Centre, NY (516) Woodbury 8191 Jericho Turnpike Woodbury, NY (516) Manhattan 12 East 52nd Street New York, NY (646) For a complete listing of BNB branches and ATMs visit our website:

3 Change in Hours Please take note EFFECTIVE JULY 1, 2015, of the change in hours for CNB branches: Lobby Mon. to Thurs. 8:30 am to 4 pm Friday 8:30 am to 6 pm Saturday 9 am to 1 pm* Drive-thru Mon. to Thurs. 8:30 am to 4:30 pm Friday 8:30 am to 6 pm Saturday 9 am to 1 pm* These hours align with other BNB branches. For a complete listing of hours visit our website: * The Manhattan Branch, located at 12 East 52 nd Street, is closed on Saturday.

4 Consumer Product Comparison Effective June 22, 2015: Your product name will change as follows. All account terms and conditions will remain the same unless otherwise noted. If your CNB account is: Totally Free Checking Power Plus Checking Advantage Interest Checking Your BNB account will become: Green Checking NOW Personal Money Market Tiered Money Market Premier Personal MMA Holiday Club Statement Savings Bayside Promotional Savings Melville Promotional Savings Manhattan Promotional Savings Hewlett Promotional Savings Holiday Savings Statement* Personal Statement Savings Tiered Statement Savings Bridge Premium Savings * Holiday Savings Statement payouts occur October 31 st and are transferred into an open BNB account of your choosing. If no transfer account is chosen, funds will remain in account available for withdrawal.

5 Business Product Comparison If your CNB account is: Your BNB account will Effective June 22, 2015: The important changes to become: the terms and conditions of your account are outlined below. Business Checking Non Profit Checking CNB 0% Escrow Deposit Account Escrow Disbursement Attorney Trust Non-Personal Checking Elite Analysis Checking Business Interest Checking Business Money Market Attorney Sub Account Business CDARS Tiered Business Money Market CNB Escrow Money Market Elite MMA Business Relationship Public Funds Interest Checking Public Funds Money Market CNB Escrow Savings Non-Personal Checking NOW Non-Personal Premier Non-Personal MMA Bridge Business High Yield MMA NOW Public Funds Premier Public Funds MMA Landlord /Tenant There is no change to your existing account service charge plan. Fees are assessed on the 5 th of the month for the previous month You must maintain a minimum average daily balance of $2,500 to earn interest You must maintain a minimum average daily balance of $2,500 to earn interest You must maintain a minimum average daily balance of $100 required to earn interest Tiered Business Savings Bridge Premium Savings You must maintain a minimum average daily Preferred Platinum Business Non-Personal balance of $100 required to earn interest Savings Paragon Escrow Savings Landlord Holding 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.

6 Other Important Information About Your Account Debit Cards You will be receiving your new Bridgehampton National Bank MasterCard debit card in the mail. The cards will be mailed on June 1, 2015, please allow 10 business days for delivery. If you do not receive your card please call us Toll Free at Please refer to the Electronic Funds Transfer Rights and Responsibilities disclosure for your changes in terms. For a complete listing of BNB ATM locations please visit our website at Your CNB Visa ATM/Debit cards will no longer be active as of June 22, Telephone Banking Friday, June 19 th at approximately 4:00 P.M. EST, Telephone Banking at CNB will be inquiry only; transactions will not be available. Beginning Tuesday, June 23 rd, full service telephone banking will be available through Bridgehampton National Bank by calling FONE (3663). Your current CNB user ID and PIN will allow access to BNB s Teller*Fone Banking. Consumer Online Banking & Bill Pay You can access online banking and bill pay by logging on to our website and clicking on Bridge Online Banking. Your current access ID and password will allow access. Your Bill Pay product will be changing. You will have to reenroll in BNB s Bill Pay product. After June 19 th, you will no longer have access to CNB s Bill Pay. Please be sure to print a list of your payees and any history you may need. Detailed information will be sent separately to all Online Banking Customers. Business Online Banking You will receive a separate letter with new login credentials prior to conversion. For a demo of Bridge Business Connect (BBC) please log on to our website and go to the Quick Links section. e-statements You will receive a final CNB statement in the mail as of June 19, e-statement will be available in your first BNB statement cycle. Check Images In an effort to preserve our environment and Go Green your checking account statement will no longer include check images on consumer accounts. You may view, print and save check images by logging into Bridge Online Banking from our website or switch to our Basic Banking in order to continue to receive your check images. Please visit your nearest branch for more details. Certificates of Deposit Your existing CNB Certificate(s) of Deposit (CDs) and Individual Retirement Accounts (IRAs) will automatically renew at their same term. The new name of your CD product will appear on the CD Maturity Notice which you will receive within 30 days of your CD maturity date. For more information about your CD(s), please stop by your local branch and speak with a Banking Representative. FDIC coverage during the Bridgehampton/Community National Bank Merger Separate insurance coverage will be maintained for six months after the merger for customers who have deposits at both institutions. This will only matter if your combined total exceeds the standard maximum deposit insurance amount. A special merger rule exists for CDs issued by an acquired bank. Separate insurance for CDs issued by the acquired bank is maintained until maturity. IF AND THEN CD matures within six months after is renewed for the same amount and CD remains separately insured from the merger for the same term accounts at acquiring bank until maturity. CD matures within six months after the merger CD does not mature within six months after merger is renewed for a different amount or term Separate coverage is provided only for the six months from the merger date. Separate coverage ends upon maturity of the CD.

7 Account Service Charge Disclosure BELOW ARE CHANGES TO YOUR ACCOUNT SERVICE FEES. ADVERSE CHANGES ARE DENOTED IN BOLD TEXT AND WILL BE EFFECTIVE JULY 1, 2015; ALL OTHER CHANGES ARE EFFECTIVE JUNE 22, Non-Personal Checking (does not apply to checking accounts on analysis): Minimum Average Daily Balance for up to 250 Items per month: $ $10, $12.00 $10, and Above No Fee Minimum Average Daily Balance for over 250 Items per month: $0.00 $20, $25.00 $20, and Above No Fee ATM/Debit Card Transactions Non-BNB Terminal Transactions Per withdrawal $1.00* Replacement Card Fee $5.00 Overnight Delivery new/replacement Debit Card $35.00 *When you use an ATM not owned by us, you may be charged a fee for each withdrawal, transfer and inquiry by the ATM operator. Checks Check/ACH Presented Against Non-Sufficient (NSF) or $35.00 Uncollected (UCF) Funds Returned Deposited/Cashed Checks (Chargebacks) $15.00 Daily Deficit Balance Fee (after 2 nd business day) 16% Per annum Counter Checks (per check) $1.00 Deposit Correction (per deposit) $5.00 Multiple Signature Requirement Fee (per month) $10.00 Stop Payment $25.00 Stop Payment placed via Online Banking $12.50 Letter of Protest $75.00 Bridge Online Banking Bridge Teller*Fone Banking 537-FONE (3663) FREE Miscellaneous Fees Gift Card $4.00 Inactivity Monthly Fee (DDA inactive after 12 months) $10.00 IRA Transfer Fee (plus cost of instrument) $50.00 Legal Consular/Other Letter $15.00 Lost Passbook Fee $10.00 Medallion Signature Guarantee $25.00 Photocopies and Faxes (per page) $1.00 Printed Copy of Statement (no images) $5.00 Reprint image cleared within 10 years (per item) $1.00 Research Fee (per hour) $50.00 Securities Purchase Fee $75.00 Service Legal Papers By Third Party $ Surety Bond Based on Insurer s Rate & Face Amount of Instrument Return Mail Per Month (maximum charge 3 months) $15.00 Safe Deposit Boxes Safe Deposit Box Annual Rental Fee Varies Depending on Box Size Direct Billing Fee $5.00 Late Fee $10.00 Lost Key Fee $30.00 Break-In Fee $ Wires Domestic Outgoing $30.00 Domestic Incoming $15.00 Foreign Outgoing $40.00 Foreign Incoming $15.00 Cashier s Check $10.00 Money Order (valid up to $1, each) $5.00 Check Orders Varies Certificates of Deposits (CDs) CD Interest Check $5.00 Collections Incoming/Outgoing $40.00 Deposit Checks (Foreign) $25.00 Foreign Currency Orders $25.00 Debit Activity Excessive Transaction Fee (MMF & SAV) per item $10.00

8 Notice of Servicing Transfer and Loan Comparison NOTICE OF SERVICING TRANSFER Effective June 22, 2015, your Residential Mortgage Loan will now be payable to Bridgehampton National Bank. Nothing else about your mortgage loan will change. Please continue to remit your payments directly to Cenlar making your checks payable to: Bridgehampton National Bank. You may also bring your payments to any Bridgehampton National Bank branch location listed on our website: As a reminder, the mailing address of your mortgage loan servicer is as follows: Bridgehampton National Bank C/O Central Loan Administration & Reporting PO Box 986 Newark, NJ Should you have any questions concerning your mortgage loan, please contact Brian Handler at extension LOAN PRODUCT COMPARISION Effective June 22, 2015, - Your current Loan Account will convert automatically with the same term and conditions as your previous Loan Account. The new name of your loan will appear on your first statement received after June 22, SEND ALL PAYMENTS DUE ON OR AFTER JUNE 22, 2015 MADE PAYABLE TO: Bridgehampton National Bank 15 Frowein Road, Suite A-3 Center Moriches, New York Important changes to the Billing Method will affect the following Loan Account. CNB Loan Account: Construction Loan Important changes to the billing method: Beginning with your July Billing statement, your monthly payment will begin to accrue interest through the date your bill is produced. The interest portion of your monthly payment may decrease for the first month due to the decreased number of days in the billing cycle.

9 For Consumer Customers Only

10 FACTS Why? What? How? WHAT DOES BRIDGEHAMPTON NATIONAL BANK DO WITH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and income Your account balances and payment history Your credit history and checking account information When you are no longer our customer, we continue to share your information as described in this notice. All financial companies need to share customer s personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers personal information; the reasons Bridgehampton National Bank chooses to share; and whether you can limit this sharing. Reasons we can share your personal information For our everyday business purposes Such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Does Bridgehampton National Bank share? YES Can you limit this sharing? For our marketing purposes To offer our products and services to you YES NO For joint marketing with other financial companies For our affiliates everyday business purposes Information about your transactions and experiences YES NO For our affiliates everyday business purposes Information about your creditworthiness NO We do not share YES NO NO For our affiliates to market to you For nonaffiliates to market to you NO NO NO We do not share Questions? Call or go to Rev

11 Page 2 Who we are Who is providing this notice? What we do How does Bridgehampton National Bank protect my personal information? How does Bridgehampton National Bank collect my personal information? Why can t I limit all sharing? Bridgehampton National Bank To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We maintain physical, electronic, and, procedural security measures to protect your personal information which also includes restricting employee access to only the information they need to assist you. We collect your personal information, for example, when you open an account or deposit money show us your driver s license or apply for a loan use your credit or debit card We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Federal law gives you the right to limit only Sharing for affiliates everyday business purposes information about your creditworthiness Affiliates from using your information to market to you Sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. Definitions Affiliates Non-affiliates Joint marketing Other important information Companies related by common ownership or control. They can be financial and nonfinancial companies. Our affiliates include companies with a common corporate identity of The Bridgehampton National Bank; financial companies such as Bridge Bancorp, Inc. and Bridge Financial Services, Inc.; and nonfinancial companies, such as Bridgehampton Community, Inc. and Bridge Abstract, LLC. Companies not related by common ownership or control. They can be financial and nonfinancial companies. Bridgehampton National Bank does not share with nonaffiliates so they can market to you. A formal agreement between nonaffiliated financial companies that together market financial products or services to you Our joint marketing partners include investment advisory and financial services companies.

12 Electronic Funds Disclosure BELOW ARE IMPORTANT CHANGES TO YOUR ELECTRONIC FUNDS TRANSFERS THAT WILL TAKE EFFECT JUNE 22, 2015 (ADVERSE CHANGES ARE DENOTED IN BOLD TEXT) Electronic Fund Transfers Rights and Responsibilities The following sets forth your rights and obligations for Electronic Fund Transfers. Please note that not all listed transfers may be applicable to your account. Consumer Liability Tell us AT ONCE if you believe your card and/or code has 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 the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, 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 after the 60 days 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 will extend the time periods. Contact in Event of Unauthorized Transfer If you believe your card and/or code has been lost or stolen, call or write us at: Bridgehampton National Bank Attn: Electronic Banking Services P.O. Box 3005 Bridgehampton, NY (800) You should also call the number or write to the address listed above if you believe a transfer has been made using the information from your check without your permission. Business Days For purposes of these disclosures, our business days are Monday through Friday. Holidays are not included. Transfer Types and Limitations a) Account Access. You may authorize certain direct deposits to your checking or savings account. You may authorize certain bills and other payments to be deducted from your checking or savings accounts. A merchant may convert your check in payment for merchandise or services into an electronic funds transfer from your account. You may access your accounts using your card and/or code by: 1) Telephone at (631) ) Automated Teller Machine 3) Computer Online Banking at 4) Bridge Mobile Banking You may use your card and/or code to: 1) Withdraw cash from your checking or savings account. 2) Make deposits to your checking or savings account. 3) Transfer funds between your checking and savings accounts. 4) Pay for purchases at places that have agreed to accept the card and/or code. Rev 10/2013

13 5) Obtain balance information on your deposit accounts. Some of these services may not be available at all terminals. b) 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: 1) Pay for purchases. 2) Pay bills. c) Limitations on Frequency of Transfers For Savings Accounts (including Money Market Deposit Accounts), you may make no more than six (6) transfers and withdrawals, per monthly statement cycle, to one of your other accounts or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card or similar order (or any combination thereof) made by you and payable to third parties. d) Limitations on Dollar Amounts of Transfers 1) You may withdraw up to $ from automated teller machine terminals each day by using your card and/or code. 2) You may buy up to $1,500 worth of goods or services each day by using the card and/or code for point-of-sale transactions. This amount is reduced by any automated teller machine withdrawal made on the same day. Fees We will charge you a fee in accordance with the Account Service Charge Disclosure each time you use an automated teller machine that is not owned by Bridgehampton National Bank. Except as previously noted, we do not charge for Electronic Fund Transfers. Confidentiality As detailed more fully in our Privacy policy statement, we will disclose information to third parties about your account or the transfers you make: 1) Where it is necessary for completing transfers; or 2) In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or 3) In order to comply with government agency or court orders; or 4) If you give us your written permission; or 5) Under such circumstances not prohibited by law, where we determine that disclosure is necessary or appropriate. Documentation a) 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 a merchant s point-of-sale terminal. You can also print receipts pertaining to your Online Banking transactions through your Internet browser. If you perform more than one transfer at a time, your receipt may contain information about more than one transaction. b) Preauthorized Credits. 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 (631) to find out whether or not the deposit has been made. c) Periodic Statements. You will get a monthly account statement unless there are no transfers in a particular month. In any case you will get the statement at least quarterly. d) Passbook Account (where the only possible electronic fund transfers are preauthorized credits). If you bring your passbook to us, we will record any electronic deposits that were made to your account since the last time you brought in your passbook. Preauthorized Payments a) 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 s how: Call us at (631) , or write us at Bridgehampton National Bank, P.O. Box 3005, Bridgehampton, NY 11932, in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we will also require you to put your request in writing and get it to us within 14 days after you call or it shall cease to remain in force. We will charge you a fee for each stop-payment order you give as specified in the Account Service Charge Disclosure. b) 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.) c) Liability for Failure to Stop Payment of Preauthorized Transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages. Financial Institution s Liability 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 the Bank does not receive sufficient information from you to complete the transaction. 2) If, through no fault of ours, you do not have enough money available in your account to make the transfer. Rev 10/2013

14 3) If the transfer would go over the credit limit on your overdraft line. 4) If the automated teller machine where you are making the transfer does not have enough cash. 5) If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. 6) If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. 7) If your card or code was reported lost or stolen. 8) If your card, code or account has been closed or cancelled. 9) There may be other exceptions stated in our agreement with you. ATM Fees When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used, as well as by us (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). Error Resolution Notice In Case of Errors or Questions About Your Electronic Transfers write to us or call us at the address and telephone numbers listed in this section 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 (if any). 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. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. We will determine whether an error occurred within 10 business days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days for the amount you think is in error, 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 question in writing and we do not receive it within 10 business days, we may not credit your account. For errors involving new accounts, point-of-sale, or foreign-initiated transactions, we may take up to 90 days to investigate your complaint or question. For new accounts, we may take up to 20 business days to credit your account for the amount you think is in error. 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. If you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt, write or call us at: Bridgehampton National Bank Attn: Electronic Banking Services P.O. Box 3005 Bridgehampton, NY (631) Non-Usage of Access Device a) ATM Debit Card. If you do not use your ATM Debit Card for a period of one year, the card will be deactivated and will no longer be valid. b) Online Banking. If you do not use Online Banking for a period of 18-months, your online banking profile and user ID will be deactivated. ATM Consumer Safety Information To assist in ensuring your personal safety, while using an automated teller machine ( ATM ), customers should consider employing the following safety precautions: The activity of the ATM facility is being recorded by a surveillance camera(s). Customers should close the entry door completely upon entering and exiting the ATM facility. Customers should not permit any unknown persons to enter the ATM facility after regular banking hours. Customers should place withdrawn cash securely upon their person before exiting the ATM facility. Complaints concerning security at the ATM facility should be directed to the Bank s Security Department at (631) or the NYS Department of Financial Services at (877) BANK-NYS ( ). Rev 10/2013

15 Funds Availability Policy EFFECTIVE JUNE 22, 2015 FUNDS AVAILIBILITY POLICY (ADVERSE CHANGES ARE DENOTED IN BOLD TEXT) YOUR ABILITY TO WITHDRAW FUNDS Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written. DETERMINING THE AVAILABILITY OF A DEPOSIT The length of the delay is counted in business days from the day of your deposit. Every day is a business day except Saturdays, Sundays, and federal holidays. If you make a deposit before 3:00 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 after 3:00P.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. DEPOSITS AT THE ATM 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. Same-Day Availability Funds from cash, electronic direct deposits and wire transfers to your account will be available on the business day we receive the deposit. Next-Day Availability Funds from the following deposits are available on the first business day after the day of your deposit: deposits made at the ATM U.S. Treasury checks that are payable to you. Checks drawn on The Bridgehampton National Bank. If you make the deposit in person to one of our employees, funds from the following deposits are also available on the first business day after the day of your deposit: State and local government checks that are payable to you (if you use a special deposit slip available from our tellers*). Cashier's, certified, and teller's checks that are payable to you (if you use a special deposit slip available from our tellers*). Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders, if these items are payable to you. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second business day after the day we receive your deposit. Other Check Deposits: Type of Funds Deposited When Funds are Available When Funds are Available if a Deposit is made on a Monday All other checks $500 on the first business day after the day of your deposit Tuesday Remaining funds on the second business day after the day of your deposit Wednesday r 4/2013

16 Longer Delays May Apply 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 cash, electronic direct deposits and wire transfers to your account will be available on the business day we receive the deposit. Funds from deposits made at the ATM, 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 seventh 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 second business day after the day of your deposit. If you need further explanation about any specific deposit or have any questions about your account, please contact us. A representative will be happy to assist you. Bridgehampton National Bank 2200 Montauk Highway P.O. Box 3005 Bridgehampton, NY Toll Free: * Special deposit slips are available upon request