Deposit Account Transition Information

Deposit Account Information


Many UMB accounts are similar to Macon-Atlanta State Bank accounts; however you may see some account changes. An account letter will be sent to you in September with specific account information. Macon-Atlanta State Bank offers several checking account options. If you would like to open a different account or switch your account to a different account style you may do so any time after November 4, 2013 during regular business hours. You can view all of the personal checking accounts that Macon-Atlanta State Bank offers online at https://www.mabank.com/personal/checking or our business checking accounts at https://www.mabank.com/business/checking.


Account Numbers

Your current account number will NOT change. All automatic (electronic) debits or payments from, as well as direct deposits to your account, will need to be updated with the Macon-Atlanta State Bank routing number or ABA number 081507014 effective November 2. You may experience delays in payments made and deposits received if routing information is not updated. Payment and deposit items could also be returned to the originator, resulting in non-payment. This means the entity responsible for initiating (originating) the electronic transaction must hear from you to update the payment information.


Statements

In November you will receive a final UMB statement on your current account. It may be an abbreviated statement dependent upon when your monthly statement usually occurs. You can expect to receive this final UMB statement the first week of November. You will receive your first Macon-Atlanta State Bank statement the first week of December. That statement will reflect your account transactions beginning November 2, 2013. Your Macon-Atlanta State Bank cycle date may not match your current cycle date. Most personal and business accounts will be cycled at month end.


Checks

Personal and business checking account holders will receive a supply of Macon-Atlanta State Bank checks from our check provider, Deluxe. You will need to begin using your Macon-Atlanta State Bank replacement checks on November 2, 2013. Once you receive your Macon-Atlanta State Bank checks (and after November 2) please destroy your UMB checks or bring your UMB checks to any Macon-Atlanta State Bank location for safe disposal. If you need to reorder checks before the November 1, 2013 conversion date, please keep your UMB order to a minimum.



Certificates of Deposit

If you have a Certificate of Deposit (CD) at UMB Monroe City your CD has also been acquired by Macon-Atlanta State Bank. Your Annual Percentage Yield (APY) and interest rate will not change through the maturity of your CD. You will receive a maturity notice from Macon-Atlanta State Bank 10 days prior to your CD's maturity date. That notice will contain certificate renewal information.


IRA's

If you have an IRA at UMB Monroe City your IRA has been acquired by Macon-Atlanta State Bank. Your IRA terms and conditions will not change. Macon-Atlanta State Bank sends out IRA statements annually. You will receive a maturity notice from Macon-Atlanta State Bank 10 days prior to your IRA's maturity date. You will receive your IRA annual statement the first week of January.


Debit Cards

If you currently have a UMB debit card, you will receive a new Macon-Atlanta State Bank debit card in the mail during the month of October with instructions on how to activate the card. You will also receive a new PIN number in a separate mailing. You need to activate your debit card on or after November 4. Your Macon-Atlanta State Bank debit card will have a different card number and expiration date than your current UMB debit card. If you have a reoccurring debit card payment(s) set up from your account you will need to update your information with that payee or you payment may be declined.


Debit Card Activation

You may activate your new debit card three convenient ways:

• Perform a Point of Sale transaction using your debit card and PIN at a merchant

• Swipe your debit card and enter your PIN number at a Macon-Atlanta State Bank ATM

• Call the Macon or Monroe City branch and activate your card by phone

Each card holder will have a unique card number and a unique PIN, so each card will need to be activated separately.


ATM Locations

Macon-Atlanta State Bank has acquired the UMB ATM located at 1007 US Hwy 24/36 E in Monroe City (BP Gas Station location). An additional ATM is available at Macon-Atlanta State Bank located at 1513 N. Missouri Street in Macon, MO.


FDIC Insurance

Normally, the Federal Deposit Insurance Corporation (FDIC) insures your deposit accounts at each FDIC-insured financial institution for up to $250,000 (combined). Because UMB and Macon-Atlanta State Bank are each insured by the FDIC, the conversion may affect your FDIC deposits. If you currently have deposits at both banks. When two or more FDIC-insured institutions consolidate or merge, their deposits continue to be separately insured for six months after the effective date of the transaction (November 1, 2013). After the six-month period (which ends approximately May 1, 2014), combined deposit amounts you have in excess of $250,000 (UMB and Macon-Atlanta State Bank accounts combined), will no longer be insured. If you have a certificate of deposit (CD) issued by UMB, the CD will continue to be separately insured until the earliest maturity date after the end of the six-month period mentioned above. CDs that mature during the six-month period and are renewed for the same term and in the same dollar amount (with or without accrued interest) will continue to be separately insured until the first maturity date after the six-month period above. CDs that mature during the six-month period and are renewed on any other basis, or are not renewed and therefore become demand de¬posits, will be separately insured only until the end of the six-month period set out above. NOTE: The $250,000 FDIC limit applies to accounts held in the same category of owner¬ship. You may visit www.fdic.gov to learn how to maximize your coverage.