Banking Disclosures

Funds Availability

Withdrawals: Our general policy is to allow depositors to withdraw funds on the first business day after the day we receive the deposit. Funds from electronic direct deposits will be available on the day we receive the deposit. In some cases, we may delay the ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the second business day after the day of deposit and no later than the seventh business day after the day of deposit.

Deposits: For determining the availability of deposits, every day is a business day, except Saturdays, Sundays and federal holidays. If a deposit is made during normal weekday business hours (which means from public opening time to public closing time on a business day Monday-Friday at each particular DSB location and through 6:00 p.m. for electronic transaction), we will consider that day to be the day of deposit. However, if deposit is made after normal business hours or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

The same-day transaction cutoff time matches the public weekday closing time of each DSB facility.

 

Annual Disclosure Statement: Notice of Availability

Financial information about the bank is available to our account holders, shareholders and the public on request.

In accordance with federal regulation to facilitate more informed decision-making by depositors and the public, we will provide an ANNUAL DISCLOSURE STATEMENT containing financial information for the last two years. This information will be updated annually as of March 31.

To obtain a copy of the annual disclosure statement, contact: Compliance Officer, Denison State Bank, 421 New York Ave, Holton KS 66436, 785-364-3131.

Community Reinvestment Act

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, 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 Director, Division of Compliance and Consumer Affairs, FDIC, 1100 Walnut Street, Suite 2100, Kansas City, MO 64106. You may send written comments about our performance in helping to meet community credit needs to the President of Denison State Bank, 421 New York, P.O. Box 71, Holton, KS 66436 and FDIC Regional Director. Your letter, together with any response by us, will be considered by the FDIC in evaluating our CRA performance any may be made public.

You may ask to look at any comments received by the FDIC Regional Director. You may also request from the FDIC Regional Director an announcement of our applications covered by the CRA filed with the FDIC. We are an affiliate of Denison Bancshares, Inc., a bank holding company. You may request from the Assistant Vice President of Applications, Federal Reserve Bank of Kansas City, 1 Memorial Drive, Kansas City, MO 64198 an announcement of applications covered by the CRA filed by bank holding companies.

 

Customer Identification Program

According to the Federal Trade Commission, identity theft is the fastest-growing crime in the country. Our ability to feel safe is becoming more difficult with terrorism and crime on a steady increase.

The USA Patriot Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more information from an individual or legal entity to help establish identity.

Your cooperation is needed when you open a new account or request a loan. You may be asked more questions to establish and confirm your identity. It may also be required for you to provide one or more forms of identification.

Home Mortgage Disclosure Act (HMDA) 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 applicant and borrowers; and information about loan approvals and denials. HMDA data may be inspected at, or requested in writing from, the main office of Denison State Bank, Attn: Real Estate Department, 421 New York Ave., PO Box 71, Holton, KS, 66436. Data will be accessible as soon as periodic reports are produced.

 

Understanding Your Deposit Accounts

Link to disclosure brochure.