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Notice Regarding Registered Warrants
The State of California began issuing registered warrants for certain debits on July 2, 2009. These instruments are state IOUs and will not be paid by the state until they mature or are called for redemption by the State Treasurer. We are not required to accept registered warrants from you, whether for encashment, deposit or otherwise. Nevertheless, we will accept registered warrants for deposit by existing customers, on a limited basis, subject to verification with the State Treasurer’s Office. We may delay payment of registered warrants until we have been able to positively verify issuance. If we do accept warrants from you, we may accept some or a portion of your registered warrants; and may at any time stop accepting warrants, with or without cause or prior notice. We may change our practice at any time and at our discretion, even if we have previously accepted registered warrants from you. If you have questions regarding the warrants, please visit the State Treasurer’s web site at http://www.treasurer.ca.gov
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Treasury Department Guarantee Program
Orange Community Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
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© Copyright 2009 All Rights Reserved.
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