On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Protection Act, which, in part, permanently raises the current standard maximum insurance amount to $250,000.  The FDIC insurance coverage applies per depositor, per insured depository institution for each account ownership category.

Transaction Account Guarantee Program Notice
Beginning January 1, 2010, Bank 1440 will no longer participate in the FDIC's Transaction Account Guarantee Program.

Thus, after December 31, 2009, funds held in non-interest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC's general deposit insurance rules.

We Do Business in Accordance With Federal Fair Lending Laws

Under the federal fair housing act, it is illegal on the basis of race, color, national origin, religion, sex, handicap, or familial status (having children under the age of 18), to:

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

If you believe you have been discriminated against, you should send a complaint to
Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing & Urban Development
Washington, DC 20410

For processing under the Federal Fair Housing Act and to:
FDIC Consumer Response Center
2345 Grand Boulevard, Suite 100
Kansas City, Missouri 64108

For processing under the FDIC Regulations

Under the equal credit opportunity act, it is illegal to discriminate in any credit transaction:

• 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

If you believe you have been discriminated against, you should send a complaint to:
FDIC Consumer Response Center
2345 Grand Boulevard, Suite 100
Kansas City, Missouri 64108

Annual Disclosure Statement

The Federal Deposit Insurance Corporation requires FDIC-Insured State-Chartered Banks that are not members of the Federal Reserve System to prepare, and make available on request, annual disclosure statements of the bank’s financial condition.

The first copy of the annual disclosure statement shall be provided to a requester free of charge. An annual disclosure statement may be requested from:

Joel Gallon
Chief Financial Officer
Bank 1440
7010 E. Chauncey Lane
Suite 120
Phoenix, AZ 85054
(623) 463-1440

Funds Availablity Policy

Notice: In accordance with Federal Regulation CC we need to inform you of our policy regarding your rights to draw funds against deposits you have made to any transaction account at our institution. Our Funds Availability Policy is outlined below:

You Should Know That:
Our general policy is to allow you to withdraw funds deposited in your account on the next business day after the day we receive your deposit. Funds from electronic direct deposit will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the next business day. Then, the funds will generally be available by the second business day after the day of deposit.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review.  The data show geographic; ethnicity, race sex, and income of applicants and borrowers; and information about loan approvals and denials.

Inquire at our Main Office regarding the locations where HMDA data may be inspected.

Community Reinvestment Act Notice

Under the Federal 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.

You are entitled to certain information about our operations and our performance under the CRA including, for example, information about our branches, such as their location and services provided at them; the public section of our most recent CRA Performance Evaluation, prepared by the FDIC; and comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments.  You may review this information today.

At least 30 days before the beginning of each quarter, the FDIC publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter.  This list is available from the Regional Manager, Division of Compliance and Consumer Affairs, FDIC, 25 Jessie Street at Ecker Square, Suite 2300, San Francisco, California 94105.  You may send written comments about our performance in helping to meet community credit needs to:

Jeff Crabb
President & CEO
Bank 1440
7010 E. Chauncey Lane
Suite 120
Phoenix, AZ 85054
-And-
Regional Manager
Federal Deposit Insurance Corporation
25 Jessie Street at Ecker Square
Suite 2300
San Francisco, CA 94105

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 FDIC.