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Community Reinvestment Act Notice
Home Mortgage Disclosure Act Notice
USA Patriot Act Notice
Privacy Policy
Under the Federal Community Reinvestment Act (CRA), the Federal Deposit Insurance Corporation (FDIC) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The FDIC also takes this record into account when deciding on certain applications submitted by us.
Your involvement is encouraged.
You are entitled to certain information about our operations and our performance under the CRA. You may review today the public section of our most recent CRA evaluation, prepared by the FDIC, and a list of services provided at this branch. You may also have access to the following additional information, which we will make available to you at this branch within five calendar days after you make a request to us: (1) a map showing the assessment area containing this branch, which is the area in which the Board evaluates our CRA performance in this community; (2) information about our branches in this assessment area; (3) a list of services we provide at those locations; (4) data on our lending performance in this assessment area; and (5) copies of all written comments received by us that specifically relate to our CRA performance in this assessment area, and any responses we have made to those comments. If we are operating under an approved strategic plan, you may also have access to a copy of the plan.
If you would like to review information about our CRA performance in other communities served by us, the public file for our entire bank is available at Southern Michigan Bank & Trust, 51 West Pearl Street, Coldwater, MI 49036. At least 30 days before the beginning of each quarter, the FDIC publishes a list of the banks that are scheduled for CRA examination by the Reserve Bank in that quarter. This list is available from Regional Manager, Division of Compliance and Consumer Affairs, FDIC, 500 West Monroe Street, Suite 3600, Chicago, IL 60661. You may send written comments about our performance in helping to meet community credit needs to Kurt Miller, Southern Michigan Bank & Trust, 51 West Pearl Street, Coldwater, MI 49036 and the FDIC Regional Manager. Your letter, together with any response by us, will be considered by the FDIC in evaluating our CRA performance and may be made public.
You may ask to look at any comments received by the FDIC Regional Manager. You may also request from the FDIC Regional Manager an announcement of our applications covered by the CRA filed with the FDIC. We are an affiliate of Southern Michigan Bancorp, Inc. a bank holding company. You may request from Applications Officer, Federal Reserve Bank of Chicago, 230 South LaSalle, Chicago, IL 60604 an announcement of applications covered by the CRA filed by bank holding companies.
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of these data send a written request to 51 West Pearl Street, Coldwater, MI 49036.
In accordance with Section 326 of the USA Patriot Act signed October 26, 2001, Southern Michigan Bank & Trust is required to obtain a copy of the documents used in identifying our new account customers and in identifying signatory individuals added to an existing or new account. In some cases, identification will be requested for those individuals banking with the Bank prior to the effective date of the customer identification requirements because original documentation was not obtained with the opening of the account, or the Bank is unable to form a reasonable belief that it knows the true identity of the existing customer. In all cases protection of our customers identity and confidentiality is Southern Michigan Bank & Trust pledge to you.
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