Important Disclosures

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NOTICE OF EXPIRATION OF THE TEMPORARY UNLIMITED FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS 

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. 

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

INSURANCE, ANNUITY AND INVESTMENT PRODUCT DISCLOSURE – Customer’s Choice of Provider

Vibra Bank may not engage in any practice that would lead a customer to believe that an extension of credit is conditional upon either:

  • The purchase of an insurance product or annuity from the financial institution or any of its affiliates; or
  • An agreement by the consumer not to purchase an insurance product or annuity from an unaffiliated entity; or
  • A prohibition from purchasing an insurance product or annuity from an unaffiliated entity.

You are free to obtain an annuity, insurance or investment product from another source.

SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT (S.A.F.E Act)

The Secure & Fair Enforcement for Mortgage Licensing Act (SAFE Act), requires mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMSL). Each employee of a financial institution who acts as a mortgage loan originator must register with the Registry, obtain a unique identifier, and maintain this registration in accordance with the requirements of the S.A.F.E Act. Vibra Bank’s own NMLS number is 774769.  The following are Vibra Bank’s mortgage loan originators:

  • Alex Rodriguez                   NMLS# 784310
  • Esperanza Daniel              NMLS# 784294

One of the objectives of the SAFE Act is to provide consumers with easily accessible information at no charge regarding mortgage loans originators. The unique identifier will enable consume access to an individual mortgage loan originator’s profile stored in the Registry. The link to the consumer access site is:  http://www.nmlsconsumeraccess.org