Under the Federal Community Reinvestment Act (CRA), the Federal Reserve Board (Board) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations.  The Board 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 Federal Reserve Bank of Chicago, 230 S. LaSalle St., Chicago, IL 60604, 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 its 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 83 W. Nepessing, Lapeer, MI 48446.] 

At least 30 days before the beginning of each quarter, the Federal Reserve System publishes a list of the banks that are scheduled for CRA examination by the Reserve Bank in that quarter.  This list is available from the Director of Operations, Compliance and CRA Examinations, Federal Reserve Bank of Chicago, 230 S. LaSalle St., Chicago, IL 60604.  You may send written comments about our performance in helping to meet community credit needs to the Vice President, Compliance and CRA Examinations, Federal Reserve Bank of Chicago, 230 S. LaSalle St., Chicago, IL 60604.  Your letter, together with any response by us, will be considered by the Federal Reserve System in evaluating our CRA performance and may be made public.

You may ask to look at any comments received by the Reserve Bank.  You may also request from the Reserve Bank an announcement of our applications covered by the CRA filed with the Reserve Bank.  We are an affiliate of County Bank Corp., a bank holding company.  You may request from the Applications Officer, Federal Reserve Bank of Chicago, 230 S. LaSalle St., Chicago, IL 60604 an announcement of applications covered by the CRA filed by bank holding companies.


Our policy is to make funds from your checking deposits available to you on the first business day after the day we receive your deposit. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash or we will use the funds to pay checks that you have written.

Please remember that even after we have made funds available to you and you have withdrawn them, you are still responsible for checks you deposit that are returned to us unpaid for any reason, as well as for any other issues involving your  deposit. For determining the availability of your deposits, every day is a business day, except
Saturdays, Sundays, and Federal holidays. For all offices if you make a deposit before our normal closing time on a business day that we are open, we will consider that day to be the day of your deposit.  



Longer Delays May Apply

In some cases we will not make all of the funds 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 second business day after the day of your deposit.  However, the first $200 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 next 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 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 one or more of the following circumstances:
We believe a check you deposit will not be paid.
You deposit checks totaling more than $5,000 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 communications 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 seventh business day after the day of your deposit.


Special Rules for New Accounts

For new customers, during the first 30 days your account is open, there may be instances where we will not make all of the funds you deposit by check available to you on the first business day after the day of your deposit. Depending on the type of check you deposit, funds will generally be available no later then the ninth business day after the day of your deposit.
The first $5,000 from a deposit of U.S. Treasury checks, Federal Reserve Bank checks, Federal Home Loan Bank checks, U.S. Postal money orders, cashier’s checks, certified checks, teller checks, traveler’s checks, and state and local government checks will be available on the first business day after the day of your deposit. However, the checks must be payable to you. The excess over $5,000 may be available on the  seventh business day after the day of your deposit.


Deposits at Automated Teller Machines (ATMs)

If you make a deposit at an automated teller machine (ATM) that is owned and operated by us before 3:30 pm EST on a Business Day that we are open, we will consider the deposit made that day. However, if you make a deposit at an ATM that is owned and operated by us after 3:30 pm or on a day that we are not open, we will consider the deposit made on the next Business Day we are open.


Mobile Deposits

If your deposit is made on a business day before 7:00 p.m. EST, then the deposit will be released to your account that night. Deposits made after 7:00 p.m. EST, on a weekend or Federal Holiday will not be released until the night of the following business day.

Home Mortgage Disclosure Act Notice

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 the data, send a written request to: 

Compliance and Community Affairs Officer
P.O. Box 250
Lapeer, MI 48446


You have a right to submit a written application for a mortgage loan or a home improvement loan or to request written information concerning typical loan terms that we are currently offering on mortgage loans and home improvement loans.  It is illegal to establish a minimum mortgage amount of more than $10,000.00 or a minimum home improvement loan of more than $1,000.00.  It is illegal to deny a loan or vary the terms and conditions of a loan because of the racial or ethnic trends or characteristics of the neighborhood or the age of the structure, but not because of its physical condition.  If your application for a loan is rejected, you have a right to a written statement of the reason for the rejection.  If you are granted a loan but the amount required for down payment, the interest rate, term to maturity, application procedure, or other terms or conditions of the loan vary from terms or conditions offered in other neighborhoods, you have a right to a written statement of the reasons for the variation.  The rights described in this notice are set forth in and limited by Act No. 135 of the Public Acts of 1977.  If you believe that your rights under this act have been violated, you should contact the Office of Financial and Insurance Regulation of the Michigan Department of Energy & Economic Growth.

Office of Financial and Insurance Regulation
Policy Division
P.O. Box 30220
Lansing, Michigan 48909-7720

Toll Free:  (877)999-6442
     Local:  (517)373-0220

Equal Housing Lender Disclosure



Deny a loan for the purpose of purchasing, constructing, improving, repairing or maintaining a
dwelling or to deny any loan secured by a dwelling; or
Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms
or conditions of such a loan, or in appraising property.

Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing & Urban Development
Washington, DC 20410,
for processing under the Federal Fair Housing Act
Federal Reserve Consumer Help
PO Box 1200
Minneapolis, MN 55480
for processing under Federal Reserve Regulations

On the basis of race, color, national origin, religion, sex, marital status, or age
Because income is from public assistance; or
Because a right was exercised under the Consumer Credit Protection Act.

Federal Reserve Consumer Help
PO Box 1200
Minneapolis, MN 55480



These are the rules which govern your checking, savings, and/or certificate (certificate of deposit or time deposit) account(s) with Lapeer County Bank & Trust Co. Please read them carefully. Continued use of your account(s) with us after receipt of these rules means you agree to them, you agree to pay any applicable fees, and you give us the right to collect the fees, as accrued, directly from the account balance. If you have any questions, please call us.

Much of our relationship with our deposit customers is regulated by State and Federal law, especially the law relating to negotiable instruments, the law regulating the methods of transferring property upon death and the rights of surviving spouses and dependants, and the law pertaining to estate and other succession taxes. This body of law is too large and complex to be reproduced here.

The purpose of this disclosure is to:

  • Summarize the rules applicable to the more common transactions.
  • Establish rules to govern transactions or circumstances which the law does not regulate.
  • Establish rules for certain events or transactions which the law already regulates but permits variation by agreement.

As used here, the word “we” means Lapeer County Bank & Trust Co. and the word “you” means the account holder(s):


Any checks deposited to your savings or certificate account (including drawn “on us”) will be given provisional credit only until collection of the item is final.  The Funds Availability Policy, listed separately, explains how we make funds from your checking account deposits available to you. We are not responsible for transactions initiated by mail or placed in a night depository until we actually record them. All transactions received during regular business hours will be recorded on that day. Transactions received on Saturday, or on a day which we are not open for business, will be treated and recorded as if initiated on our next business day.

Direct Deposits

If, in connection with a direct deposit plan, we deposit any amount in your account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from your account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability.


The checking and savings interest rates are variable. The interest rate and annual percentage yield may change at our discretion at any time.

Withdrawals (generally)

Unless clearly indicated to the contrary, any one of you who signs in the space designated for signatures on the signature card may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive actual notice to the contrary) authorizes each other, by signing the signature card, to endorse any item payable to you or your order for deposit to your account or any other transaction with us.

We reserve the right to refuse any withdrawal or transfer request which is attempted by any method not specifically permitted, which is greater in number than the frequency permitted, or which is for an amount less than any minimum withdrawal denomination. Even if we honor a nonconforming request, repeated abuse of the stated limitations (if any) may eventually force us to close your account. We will use the date a transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. Withdrawals will first be made from collected funds. We reserve the right to, at any time, require at least seven days notice in writing before each withdrawal from an interest bearing account other than certificates

If you have a Choice account, your account consists of a transaction sub-account and a savings sub-account.  Funds not routinely needed to pay debits may be periodically transferred to the savings sub-account.  A transfer from the savings sub-account back to the transaction sub-account will fund items in excess of the balance in the transaction sub-account.  The remainder of your balance will be maintained in the savings sub-account.  This structure will not affect the available balance, service charge, FDIC insurance, interest calculation and rate, statement or any other feature of your account.  The interest calculation will be the same for both the savings sub-account and the transaction sub-account.

Withdrawals for Savings Accounts

Federal regulations require us to monitor your compliance with withdrawal limitations. Under Federal law, you may make only six pre-authorized, electronic or telephonic transfers or withdrawals from your savings account during each monthly statement cycle, or each month if you do not receive a monthly statement. Transfers subject to these limitations include automatic deductions set up with third parties.  We count these transfers as of the date we post them to your account, not as of the date you write or authorize them.

These limits do not apply to withdrawals made in person, by mail, or by ATM, and do not apply to transfers to pay loans with us. If you continue to violate withdrawal limits after we have contacted you, we may transfer, reclassify or close your savings account at our option. Except for distributions, no preauthorized, electronic, or telephonic transfers or withdrawals may be made from IRA savings accounts.

Certificate of Deposit

A certificate may be withdrawn (in full) at its maturity date. If the deposit is not withdrawn within 10 days (3 days for a certificate with a term of 1 month or less) after the first maturity date or within 10 days (3 days for a certificate with a term of 1 month or less) after the maturity date of any succeeding maturity period (and no other arrangements have been entered into by the depositor) the certificate is automatically renewed (unless otherwise stated on the certificate) for a succeeding maturity period of the same length of time as the initial maturity period.

The interest rate, for the succeeding maturity period, is set by us at the time of renewal. Interest ends at maturity. Withdrawals prior to the first maturity date or prior to the maturity date of any succeeding maturity period will cause a forfeiture of interest, as stated in our Truth In Savings Disclosure.

We reserve the right to redeem a certificate, change the rate, change the method of computation and/or the method of payment of interest at any maturity date.  We will notify you by mail. Notices and payments will be sent by mail to the last known address of any named depositor. Notice from us to any one of you is notice to all of you.


Each of you agree, for yourself (and the person or entity you represent if you sign as a representative of another), to the terms of your account,  the Truth In Savings Disclosure and the Most Common Fees, which are incorporated into and made part of these Rules and Regulations. You authorize us to deduct these charges directly from the account balance as accrued. You also agree to pay such additional reasonable charges we may impose for services you request which are not contemplated by this agreement. Each of you also agrees to be jointly and severely liable for any account deficit resulting from charges and overdrafts, whether caused by you or another person authorized to withdraw from your account, together with the costs we incur to collect the deficit including, to the extent permitted by law, our reasonable attorneys’ fees.

Joint Accounts (with Survivorship)

If such an account is indicated on our signature card, each joint tenant intends and agrees that the account balance upon his death shall be the property of the surviving joint tenant, and if more than one survives, they shall remain as joint tenants with right of survivorship between them.

Account Transfer

An account may not be transferred or assigned without prior written consent. Certificates are not transferable.

Business and Organization Accounts

We require a separate authorization for designating the person(s) permitted and conditions required for withdrawal from any account in the name of a legal entity such as partnership, corporation, or other organization. We will honor such authorization according to its terms until it is amended or terminated in writing by the governing body of such organization.

Night Depository/Night Drop

If you use the night depository or night drop (depository), please observe the safety instructions described in our ATM Safety flyer. We cannot ensure your safety at the depository. All such deposits are subject to later verification, count and adjustment by us, and will be deemed received by us when they have been removed from the depository and are accessible to us for processing. We do not insure the depository or its contents. We will not be responsible for any loss caused by fire, flood, water damage, vandalism, burglary or acts of God. If you sign a separate Night Depository Contract with us, the terms of that agreement will govern your deposits to the depository in the event of any inconsistency with this contract.


To be effective, a stop payment order must be received in time to give us a reasonable opportunity to act on it, and must precisely identify the number, the date, the amount of the item, and the payee.  We will honor a stop-payment request by the person who signed the particular item, and by any other person, even though such other person did not sign the item, if such other person has an equal or greater right to withdraw from your account than the person who signed the item in question. A release of the stop-payment request may be made only by the person who initiated the stop-payment. Stop payments received by telephone or Online Banking must be confirmed in writing within 14 calendar days.

Telephone Transfers

Fund transfers from one account to another by telephone, if otherwise permitted or arranged for, may be made by the same person(s) and under the same conditions generally applicable to withdrawals made in writing.  We restrict the number of transfers from a savings account to another account, or third parties, to a maximum of six per month (less the number of certain “pre-authorized transfers” during the month).

Automated Clearing House (ACH) Entries

The Operating Rules of the National Automated Clearing House Association (NACHA Rules) are applicable to ACH entries involving your account. We may accept on your behalf ACH entries to your account, which have been transmitted through one or more automated clearing houses. Your rights and obligations with respect to each entry, which is not subject to the Electronic Fund Transfer Act, shall be construed in accordance with and governed by the laws of the state. Any electronic payment we credit to your account is provisional until we receive final settlement for the payment through a Federal Reserve Bank. If we do not receive such final settlement, we will reverse the credit we gave you for the amount of the payment. Consistent with the NACHA Rules, we do not give next day notice to you that an ACH electronic payment has been credited to your account. However, we will notify you of the receipt of such payments in the periodic statements we provide to you.


If you do not notify us of an unauthorized signature or alteration within a reasonable time (not to exceed 10 days) after we send or make your statement and items available, you cannot declare an unauthorized signature or alteration against us if we have exercised ordinary care in paying the item. You must also report any other account problem (i.e. erroneous statement entry) within 10 days, or we will not be liable for any payments made and charged to your account or for any other alleged error in the statement.


You agree that we may (without prior notice and when permitted by law) set-off the funds in your account against any due and payable debt owed to us now or in the future, by any of you having the right of withdrawal, to the extent of such persons’ or legal entity’s right to withdraw. This right of set-off does not apply to your account if it is an IRA or tax-deferred retirement account.

Amendments and Termination

We may amend any term of this agreement, from time to time hereafter, upon giving reasonable notice to you. Reasonable notice of any substantial change(s) may consist of enclosing a notice in the account statement or a separate notice by mail.  We may also close your account at any time upon reasonable notice to you and deliver the account balance personally or by mail. Notice from us to any one of you is notice to all of you.

"Unlawful Internet Gambling Enforcement Act" Notice

Under new federal banking regulations commercial customers must receive notice of the prohibition of conducting unlawful internet gambling transactions through banking systems.   Your account can not be used for the payment or receipt of any gambling transactions which are unlawful under the Act.  Lapeer County Bank & Trust Co. reserves the right to decline any transaction which it believes or suspects is prohibited under the Act.   Any questions related to how this may affect your account should be directed to our Customer Service Department at 810-245-2950.


Main Office: 83 W. Nepessing St. • P.O. Box 250 Lapeer, MI 48446
NMLS #458980