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Emerald Bank

Business Checking Accounts

Club or Organization Checking

Customer types allowed include Non-Profit Organizations or Clubs.

Limitations: You must deposit $100.00 to open this account.

Account Fees: There are no per check charges and no monthly mainteance fee if a $100.00 minimum balance is obtained each month. If the daily balance falls below the $100.00, a monthly maintenance fee of $0.50 will be charged.

Commercial Checking

Customer types allowed include Partnersip,Unincorporated Assn, Sole Proprietorship,Corporations & LLC.

Limitations: You must deposit $100.00 to open this account.

Account Fees: The monthly service charge is $5.00. The monthly service charge is waived if there is 25 debit items or less during the statement cycle. There is a $.20 per debit item in excess of 70 items. 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.

Money Market Business

Customer types allowed include Partnership, Unincorporated Assn, Sole Proprietorship, LLC & Corporation.

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue on the business day you deposit non cash items(for example, checks). Interest will be compounded monthly and will be credited to the account on the last day of each month. If the account is closed before interest is credited you will not receive the accrued interest.

Balance Information: We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. 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. The period we use is the monthly statement cycle. You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $2,500.00 to open this account. Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, or telephone transfer are limited to six(6) per month with no more than three(3) by check, draft, or similar order to third parties.

Account Fees: A minimum balance fee of $8.00 will be imposed every statement cycle if the balance in the account falls below $2,500.00 any day of the cycle. This account is subject to OTHER ACCOUNT FEES. 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.

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