• FEFTA Disclosure (Electronic Fund Transfers)
• Funds Availability Disclosure

FEFTA Disclosure

IMPORTANT INFORMATION for our customers who have authorized electronic fund transfers:

The Federal Electronic Fund Transfer Act and regulations adopted there under provide that we disclose pertinent information to you about electronic fund transfers to or from your account. By electronic fund transfers, we mean transactions initiated by you through the use of your debit card (in automated teller machines), preauthorized deposits to - and if applicable, preauthorized transfers from your account with us.

TYPES OF TRANSFERS AVAILABLE

• Automated Teller Machine Transfers
• Direct Deposits or ACH Withdrawals
• All debit card transfers
• Telephone Banking Transfers
• Internet Banking
• Electronic Check Conversion

AUTOMATED TELLER MACHINES, DEBIT CARDS

ACCESSING YOUR ACCOUNT

Withdraw cash from your checking or savings account.

Transfer funds between your checking accounts and savings accounts whenever you request.

Pay for purchases at places that have agreed to accept the debit card.

Some of these services may not be available at all terminals

LIMITATIONS

Limitations on frequency of transfers. There are no limitations on the frequency of transfers.

Limitations on dollar amounts of transfers. You may withdraw up to $250.00 from our automated teller machines each 24-hour time span.

Limitations on dollar amounts of transfers. You may buy up to $1,000.00 worth of goods or services each time you use the debit card in our point-of-sale transfer service in a 24-hour time span.

CHARGES FOR TRANSFERS OR RIGHT TO MAKE TRANSFERS

Per transfer charge. We will charge you $.95 for each transfer or inquiry you make using off-premise automated teller machines.

ATM Surcharges: when you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used to complete the transfer (and you may be charged a fee for a balance inquiry).

RECEIPT FOR TRANSACTION

You will receive a written receipt at the time you make any transfer to or from your account using one of our automated teller machines.

CUSTOMERS LIABILITY

Tell us AT ONCE if you believe your card and/or code has been lost or stolen. 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, you can lose no more than $50.00 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 $500.00.

Also, if your statement shows transfers that you did not make, 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 may extend the time periods.

HOW TO CONTACT US:

If you believe that your card and/or code has been lost or stolen or that a transaction involving your account has been made without your permission, or if for any reason you wish to contact us, telephone us at the phone number listed or write us at the address given in this on the Contact Us Page.

II. ELECTRONIC FUND TRANSFERS BY

PREAUTHORIZATION
(Direct Deposit or ACH Withdrawals)

DOCUMENT OF TRANSFERS

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 the phone number listed in this disclosure to find out whether or not the deposit has been made.

RIGHT TO STOP PAYMENT

If you have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call us at the phone number given in this disclosure, or write us at the address given on the Contact Us page, 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 may also require you to put your request in writing and get it to us within 14 days after you call. 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. We will charge you for each stop payment order you give. (Fee schedule may be obtained in our Greensboro or Union Point office.)

NOTICE OF TRANSFERS VARYING IN AMOUNT

If the preauthorized regular transfers from your account may vary in amount, the person you are going to pay should 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.

CUSTOMER LIABILITY

If your statement shows unauthorized transfers from your account, tell us at once. If you do not tell us within 60 days after we sent you the FIRST statement upon which the problem appeared, 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 may extend the time periods.

HOW TO CONTACT US

If you believe that a transaction involving your account has been made without your permission, or if for any reason you wish to contact us, telephone us at the phone number listed or write us at the address given in this disclosure.

III. TELEPHONE BANKING

You may call 706-453-2760 or 706-486-2760 and use your code/PIN to

• Transfer funds between your checking accounts and savings accounts
• Check balances
• Make internal loan payments

IV. INTERNET BANKING

You may log on to www.farmbk.com and use your user id and password to

• Transfer funds between your checking accounts and savings accounts
• Pay bills directly (one time or recurring) from your checking accounts or savings accounts in the amounts and on the days you request
• Make internal loan payments
• View balances and account history

V. 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

• Pay for purchases
• Pay bills

VI. DISCLOSURES WHICH APPLY TO ALL

ELECTRONIC FUND TRANSFERS

A. PERIODIC STATEMENTS:

CHECKING: You will get a monthly account statement.

SAVINGS: You will get a quarterly account statement. If there are electronic fund transfers in a particular month, you will receive a monthly statement. In any case you will get the statement at least quarterly.

B. ACCOUNT INFORMATION DISCLOSURE

We will disclose information about your account or the transfers you make:

Where it is necessary to complete transfers, or

In order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant, or

In order to comply with government agency or court orders, or

If you give us your written permission.

C. LIABILITY FOR FAILURE TO MAKE TRANSFERS

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:

If, through no fault of ours, you do not have enough money in your account to make the transfer,

If the transfer would go over the credit limit of your overdraft line, if any,

If the automated teller machine where you are making the transfer does not have enough cash.

If the terminal/system was not working properly and you knew about the breakdown when you started the transfer.

If your account is frozen because of a court order or some similar reason,

If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken,

There may be other exceptions stated in our agreement with you.

D. ERROR RESOLUTION PROCEDURES

In Case of Error or Questions About Your Electronic Transfers: Telephone us or write us at the phone number or address given in this disclosure, 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.

Tell us your name and account number (if any).

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.

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 (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) 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. An account is considered a new account for 30 days after the first deposit is made, if you are a new customer.

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.

E. ADDITIONAL ATM DISCLOSURES

There will be a charge for each replacement card. (Fee schedule may be obtained in our Greensboro or Union Point office.)

Your new ATM Card may be issued for withdrawal access to one (1) FARMERS BANK checking and/or savings account.

If an ATM withdrawal is made and funds are not on deposit, an insufficient funds fee will be assessed and your ATM Card may be revoked. (Fee schedule may be obtained in our Greensboro or Union Point office.)

Use of this ATM Card indicates that you have read and understand the ATM Debit Card Agreement and the ATM Transaction Fee Disclosure Agreement.

F. MAILING ADDRESS, TELEPHONE NUMBER AND BUSINESS DAY DISCLOSURE

Our mailing address is P. O. Box 808 , Greensboro , GA 30642

Our phone number is (706) 486-4121

Our business days are: Greensboro Office: Monday through Friday. Saturday is a non-credit business day. Union Point Office: Monday, Tuesday, Thursday, and Friday. Holidays are not included.

Notice of ATM/Night Deposit Facility User Precautions

As with all financial transactions, please exercise discretion when using an ATM or night deposit facility. For your own safety, be careful. The following suggestions may be helpful.

Prepare for your transactions at home (for instance, by filling out a deposit slip) to minimize your time at the ATM or night deposit facility.

Mark each transaction in your account record, but not while at the ATM or night deposit facility. Always save your ATM receipts. Don't leave them at the ATM or night deposit facility because they may contain important account information.

Compare your records with the account statements you receive.

Don't lend your ATM card to anyone.

Remember, do not leave your card at the ATM. Do not leave any documents at a night deposit facility.

Protect the secrecy of your Personal Identification Number (PIN). Don't tell anyone your PIN. Don't write your PIN where it can be discovered. For example, don't keep a note of your PIN in your wallet or purse.

Prevent others from seeing you enter your PIN by using your body to shield their view.

If you lose your ATM card or if it is stolen, promptly notify us. You should consult the other disclosures you have received about electronic fund transfers for additional information about what to do if your card is lost or stolen.

When you make a transaction, be aware of your surroundings. Look out for suspicious activity near the ATM or night deposit facility, particularly if it is after sunset. At night, be sure that the facility (including the parking area and walkways) is well lighted. Consider having someone accompany you when you use the facility after sunset. If you observe any problem, go to another ATM or night deposit facility.

Don't accept assistance from anyone you do not know when using an ATM or night deposit facility.

If you notice anything suspicious or if any other problem arises after you have begun an ATM transaction, you may want to cancel the transaction, pocket your card and leave. You might consider using another ATM or coming back later.

Don't display your cash; pocket it as soon as the ATM transaction is completed and count the cash later when you are in the safety of your own car, home, or other secure surrounding.

At a drive-up facility, make sure all of the car doors are locked and all windows are rolled up, except the driver's window. Keep the engine running and remain alert to your surroundings.

We want the ATM and night deposit facility to be safe and convenient for you. Therefore, please tell us if you know of any problem with a facility. For instance, let us know if a light is not working or there is any damage to the facility. Please report any suspicious activity or crimes to both the operator of the facility and the local law enforcement officials immediately.

FUNDS AVAILABILITY POLICY DISCLOSURE

Our policy is to make funds from your deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. At this time, you can withdraw the funds in cash and we will use the funds to pay checks that you have written.

For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit 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 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.

LONGER DELAYS MAY APPLY

In some cases, we will not make all of the funds that you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth business day after the day of your deposit. However, the first $100 of your deposit will be available on the first business day.

If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have the left the premises, we will mail you the notice by the day after we receive your deposit.

If you will need the funds from a deposit right away, you should ask us when the funds will be available.

In addition, 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 $5,000.00 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

communication or computer 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 eleventh 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 electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and 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 ninth 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 ninth business day after the day of your deposit.