welcome to provident bank! · provident makes the right business checking account easy to identify,...

Welcome to Provident Bank!

We’re bringing even more to the team.

Business Banking

When your Team Capital Bank branches become Provident Bank branches on Tuesday, September 2, 2014, the signs will change but the friendly personal service inside will feel reassuringly familiar. That’s because banking at Provident is all about relationships, just like it is at Team Capital. As we work together to bring you all the strengths of our combined team, we’ll also preserve the relationships you value, along with other key advantages, such as local loan decisions, that have made Team Capital such a great place to bank.

In this booklet, you’ll learn about all the steps we’re taking to make your transition a smooth one. You’ll see some exciting new possibilities too, like expanded credit capabilities to help your organization reach for the next level. And a wider range of cash management tools, robust online capabilities and new wealth management expertise to help you make the most of your success.

But most important of all, you’ll still be a customer of a local community bank that makes personal service a top priority – just as Provident has been doing for 175 years. Except now, you’ll find more convenience, more choices and more room to grow. Provident is committed to helping your business grow and we want to be your banking partner. We truly appreciate this opportunity to serve you.

Count on great personal service, important new opportunities and an expanded team by your side.

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Transition notes

¬ Your Team Capital deposit and loan accounts will transition to Provident on Tuesday, September 2, 2014.

¬ While we make the transition to Provident, Team Capital branches will close at 3:00 p.m. on Friday, August 29, 2014 and remain closed throughout Labor Day weekend. They will reopen as Provident branches on Tuesday, September 2, 2014 with the same hours of operation.

¬ Also beginning September 2nd, you can use any branch of Provident’s network. (See page 19 for details.)

¬ Your account number(s) will remain unchanged, and you can continue to use the same checks and banking materials that you currently have, unless we’ve notified you otherwise.

¬ If you have accounts at both banks, please see the important information on page 2 of the enclosed Disclosure Handbook for Personal and Business Deposit Accounts regarding FDIC deposit insurance coverage, and visit your local branch if you have questions.

Except as noted, account terms and conditions described in this booklet and the Disclosure Handbook take effect on September 2, 2014.

Checking Accounts 4

Cash Management 9

Money Market, Savings and CDs 11

investing and Wealth Management Services 14

Loans and Credit Services 16

Banking Convenience 18

– Online – Telephone – Branches

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BUSINESS CHECKING ACCOUNTS

We’ll automatically switch you to a similar checking account, or help you find a choice that suits your business needs even better.

To simplify the transition, each of your Team Capital business checking accounts will automatically become a similar type of checking account at Provident Bank. (See the reverse side of the enclosed letter for details.)

But we want you to have the checking account that best suits your needs. So please take a moment to review the features of your new account as described on the charts on the next few pages, and compare your account with other Provident checking alternatives.

If you prefer a different account, simply complete and return the Checking Account Preference Form at the bottom of the enclosed letter, or visit your local Team Capital branch, and we’ll make sure you get the checking account that’s right for your business.

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Transition notes

Transactions

¬ Continue to use your existing checks and account number (unless we’ve notified you otherwise). We’ll send you new Provident-branded checks with your next check order.

¬ Direct deposits and automatic transfers will continue without interruption.

¬ You’ll receive a new Provident Business Debit MasterCard® to replace your current debit card. Be sure to reauthorize any automatic payments by providing your new card number and expiration date to your payees. Also, get cash back on the total amount of your eligible signature-based point-of-sale debit card purchases each month.

¬ Interest on interest-bearing checking accounts is compounded daily, credited on the last business day of the statement period, and available on the first business day of the next statement period.

Statements

¬ A final account statement from Team Capital will be produced as of the close of business on Friday, August 29, 2014. (This statement may be in addition to your regular August statement.)

¬ Look for Provident statements to begin in September. Multiple accounts will be combined on statements as they are now.

Related Services

¬ If you currently have overdraft protection on your business checking account by means of a line of credit, automatic transfer or Overdraft Privilege, that service will continue without change.

¬ Our business banking experts will work closely with you to assure a smooth and seamless transition of your cash management services.

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IF YOUR TEAM CAPITAL ACCOUNT IS…

YOUR NEW PROVIDENT ACCOUNT WILL BE…

WITH THESE KEY FEATURES AND BENEFITS1:

small Business essential Checking

Business Relationship Checking

settlement Trust Checking

BusinessadvantagesM Checking – No monthly maintenance fees and no minimum balance requirements

– Free transaction allowance of 1,000 items each statement period (includes checks paid, deposited items, debits and credits)

small Business interest Checking Business Checking with interest – Maintain an average balance of $1,500 to avoid a $10 monthly minimum balance penalty fee

– Earn interest on daily balances over $50

– No per-check fee

Team Spirit Checking (Non Profit) Communityadvantage Checking – No monthly maintenance fees and no minimum balance requirements


– This account does not earn interest

Commercial Checking

Public Funds Checking

Commercial Checking

Municipal Checking

– Earnings credit allocated on average monthly collected balance (less 10% reserve requirement) helps to offset fees

– The monthly maintenance fee is $20

– The per-item fee for paid checks is $0.20 per debit, $0.40 per deposit and $0.15 per item deposited

Public Funds interest Checking Municipal Checking with interest – Earn interest on balances of $50 and more

– Account terms and requirements are customized to meet each municipality’s needs

Pa iOLTa

nJ iOLTa

iOLTa Checking Pa

iOLTa Checking nJ

– No monthly service fees and no minimum balance requirements

– Earn higher interest on higher balances

escrow Manager (including Escrow Savings)

Deposit escrow Checking – No monthly maintenance fees and no minimum balance requirements

– Choose to earn interest on balances of $50 or more

– No transaction limits

CHECKING ACCOUNT CHANGES

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small Business essential Checking

Business Relationship Checking

settlement Trust Checking

BusinessadvantagesM Checking – No monthly maintenance fees and no minimum balance requirements


small Business interest Checking Business Checking with interest – Maintain an average balance of $1,500 to avoid a $10 monthly minimum balance penalty fee

– Earn interest on daily balances over $50

– No per-check fee

Team Spirit Checking (Non Profit) Communityadvantage Checking – No monthly maintenance fees and no minimum balance requirements


– This account does not earn interest

Commercial Checking

Public Funds Checking

Commercial Checking

Municipal Checking

– Earnings credit allocated on average monthly collected balance (less 10% reserve requirement) helps to offset fees

– The monthly maintenance fee is $20

– The per-item fee for paid checks is $0.20 per debit, $0.40 per deposit and $0.15 per item deposited

Public Funds interest Checking Municipal Checking with interest – Earn interest on balances of $50 and more

– Account terms and requirements are customized to meet each municipality’s needs

Pa iOLTa

nJ iOLTa

iOLTa Checking Pa

iOLTa Checking nJ

– No monthly service fees and no minimum balance requirements


escrow Manager (including Escrow Savings)

Deposit escrow Checking – No monthly maintenance fees and no minimum balance requirements

– Choose to earn interest on balances of $50 or more

– No transaction limits

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BusinessAdvantageSM Checking: How does FREE sound? This account requires no minimum balance or monthly maintenance fee, and it comes with 1,000 free transactions per month. You even get unlimited cash back each month on your signature-based point-of-sale purchases using your free Provident Business Debit MasterCard.

Commercial Checking: If your business carries larger checking account balances and conducts lots of transactions, this account allocates an earnings credit that can reduce or even eliminate monthly fees for transactions and account maintenance.

Business Checking with Interest: Sole proprietors can earn interest on their balance with no monthly charge when they maintain a $1,500 minimum average balance.

Deposit Escrow Checking: For attorneys, property managers, realtors, etc., who want to maintain total control of client funds. A single primary disbursement account houses separate sub-accounts for each client or case. Each sub-account is separately FDIC insured and may earn interest.

Provident also offers a full line of municipal and non profit checking accounts.

BUSINESS CHECKING CHOICES

Provident makes the right business checking account easy to identify, and easy to use.

All business checking accounts come with a free Provident Business Debit MasterCard(s), along with free ProvidentConnect for Business Online Banking and Bill Payment. For those businesses in need of online cash management services, we offer ProvidentConnect for Business to help efficiently manage your finances.

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CASH MANAGEMENT

Provident has the solutions to help make money management easier.

Gain greater control of your cash flow with less time and effort, so you can focus more of your energies on running your business. All of these services can be accessed 24/7 through ProvidentConnect for Business, our robust online business banking service.

Credit Sweep Accounts: Our Credit Sweep account is conveniently linked to your Provident line of credit. Excess balances in your Credit Sweep account are automatically transferred to pay down your existing line of credit, and any remaining balances are invested in a sweep investment account. When you need access to these funds, the system automatically retrieves your available balances from the investment account before making advances from your line of credit.

Sweep Investment Accounts: Automate the management of your daily balance position to maximize earnings on idle cash while retaining liquidity with these secure, automated overnight investments.

Zero Balance Accounts: Streamline and automate your cash flow between multiple accounts, and eliminate the need to monitor balances and initiate transfers between accounts. ZBAs maximize the use of cash by concentrating funds in a single account, and recordkeeping is simplified with statements for each ZBA account that are cross-referenced for tracking purposes.

Commercial Online Banking: Access vital account information 24/7 through ProvidentConnect for Business. Multiple levels of security protect your transaction data, while giving you the freedom to access multiple accounts in a single session. You can also designate authorized users with unique profiles to match access levels.

continued

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CASH MANAGEMENT continued

ACH Origination: Automated Clearing House (ACH) services enable you to electronically move money conveniently and economically. ACH is ideal for direct deposit of payroll, employee expenses and vendor payments. You can also use ACH to concentrate funds or debit customer accounts for collection of payments.

Positive Pay: This check fraud detection system enables us to work together to help detect fraudulent activity. When checks are presented for payment, they are electronically validated against a file of checks issued that you provide to our online system. Checks that do not match the issued items become exceptions that can be reviewed by personnel at your company who you’ve authorized to access ProvidentConnect for Business.

Remote Deposit Capture: Using a check scanner connected to your desktop computer, you can scan checks from the convenience of your office, then transmit the scanned images over an encrypted Internet connection to your business account at Provident.

Lockbox Services: Speed the collection and posting of business receivables, while reducing mail handling, manual data entry, operating costs and collection float. Our services include real-time online access with full image capture and retrieval capabilities.

Wire Transfer Services: Send domestic or international wires with simple and secure online origination. The added security of a callback with PIN verification is available if requested.

ACH Blocked Account - Positive Authorization: Protect your business account from unauthorized ACH activity by providing us with a predefined list of electronic entries that are authorized to post to your account(s).

Merchant Services: Accept all major credit cards, debit cards and gift cards. This service works with a variety of devices, including credit card machines, terminals, smartphones or tablets.

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MONEY MARKET, SAVINGS AND CDs

You’ll find a number of convenient ways to accumulate funds at Provident using FDIC-insured accounts with competitive yields.

Business Money Market AccountEarn interest at market rates with limited check-writing, and maintain total access to your funds. There’s no maintenance charge when you maintain an average monthly balance of $1,000 or more.

Certificates of DepositEarn some of Provident’s best savings rates, and control your level of access by choosing terms from 91 days to 5 years.

Retirement AccountsYou’ll have a choice of safe, FDIC-insured deposit accounts from Provident to help build a secure future.

Transition notes ¬ You’ll keep your current account numbers (unless we’ve notified you otherwise), and your direct deposits and automatic transfers will continue without interruption.

¬ Interest on money market and savings accounts is compounded daily, credited on the last business day of the statement period, and available the first business day of the next statement period.

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Team Capital Connect Money Market

Business Money Market

Premier Business Money Market

Business statement savings

Business Money Market – Maintain an average balance of $1,000 to avoid a $10 monthly minimum balance penalty fee


– An excess transaction fee of $15 will be charged when preauthorized transactions exceed six per statement period

– Write up to three checks per statement period; minimum check amount is $500; an excess check fee of $10 (per check) will be charged when more than three checks are issued in more than one statement period

Public Funds Money Market Municipal Money Market – No monthly service fees and no minimum balance requirements on this account




Pa Public Funds savings

nJ Public Funds savings

Municipal Money Market Pa

Municipal Money Market nJ

– No monthly service fees and no minimum balance requirements on this account




CDs and Retirement CDs CDs and Retirement CDs – No change to the rate, term or maturity date of your current CDs or retirement CDs

– At the first renewal on or after September 2, 2014, your CD will automatically renew at the same or closest available term offered

MONEY MARKET, SAVINGS AND CD CHANGES

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Team Capital Connect Money Market

Business Money Market

Premier Business Money Market

Business statement savings

Business Money Market – Maintain an average balance of $1,000 to avoid a $10 monthly minimum balance penalty fee




Public Funds Money Market Municipal Money Market – No monthly service fees and no minimum balance requirements on this account




Pa Public Funds savings

nJ Public Funds savings

Municipal Money Market Pa

Municipal Money Market nJ

– No monthly service fees and no minimum balance requirements on this account




CDs and Retirement CDs CDs and Retirement CDs – No change to the rate, term or maturity date of your current CDs or retirement CDs

– At the first renewal on or after September 2, 2014, your CD will automatically renew at the same or closest available term offered

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INVESTING AND WEALTH MANAGEMENT SERVICESSolutions, services and guidance to help you make the most of your assets.

Investment Services and Retirement Planning

You’ll find a full array of investment products and services available to you through Provident Investment Services. Experienced Personal Financial Advisors and administrators can help you with:

¬ Tax-Deferred Annuities ¬ Personal Retirement Planning ¬ Mutual Funds ¬ Self-Directed IRAs ¬ Unit Investment Trusts ¬ Long-Term Care Insurance ¬ Brokerage Services ¬ Life Insurance Planning

To learn more about these services, contact a Provident investment Services representative at 732.778.2212.

Securities and insurance products are offered through Cetera Investment Services LLC, member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Investments are: • Not FDIC/NCUSIF insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency. Advisory services may only be offered by Investment Adviser Representatives.

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Wealth Management Services

Beacon Trust, a wholly owned subsidiary of Provident Bank, is a full service wealth management firm that provides a comprehensive suite of financial services* designed for flexibility and solid investment performance.

The skilled advisors at Beacon Trust are committed to helping you protect and expand your assets through every phase of your financial journey. Expect proactive communication, customized planning and careful attention by a team of advisors who are on hand to give you the guidance and peace of mind you deserve. We will also work closely with your attorney, tax advisor or other investment professional to create an integrated team to serve you.

Trust and Estate Administration: Whether you recently acquired wealth or spent a lifetime accumulating it, we can help you grow and protect your assets and ultimately transfer them to others, according to your wishes. Rely on our wide-ranging experience in trust and estate administration, custodial services and charitable giving.

Investment Management and Financial Planning: Taking into account your current circumstances and future aspirations, we can design a sophisticated investment plan – based on standard equity and asset allocation models – tailored to your risk tolerance and goals.

Private Banking and Family Office: Our specialized Private Banking services can meet your unique needs. We can assist in your day-to-day banking at Provident, and your Beacon Personal Wealth Advisors can address your short-term cash flow requirements, as well as your long-term planning objectives. Customized credit and real estate lending opportunities are also available.

Institutional Services: In helping companies and municipalities manage their assets, we use a customized approach to structure retirement accounts, profit sharing plans and other key investment services to meet changing needs and economic climates.

To learn more about these services, contact a Beacon Personal Wealth Advisor at 866.377.8090.

* Securities and Investment Products: NOT FDIC INSURED – MAY GO DOWN IN VALUE – NOT A DEPOSIT – NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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LOANS AND CREDIT SERVICES

With its financial strength, Provident has the credit resources to make a dramatic difference in your company’s future.

At Provident, we believe in empowering our business bankers to help you find customized credit solutions with competitive rates and flexible terms. And just like Team Capital, we believe in local decision-making, so the relationships you’ve built will still be the ones you can rely on.

Lines of Credit are a fast, simple way to cover cash flow shortages and provide you with supplemental working capital.

Term Loans feature fixed or floating interest rates and flexible terms, including customized repayment schedules. These loans are ideal to finance equipment purchases, vehicles, renovations or leasehold improvements.

Commercial Real Estate Loans can help you purchase a wide range of retail, office, warehouse, industrial, apartment and mixed-use buildings.

Construction Loans are available to finance tract developments, condominiums, retail centers and office buildings. We’ll work with you to customize terms that fit your needs.

Healthcare Lending is provided by a division of seasoned lenders solely dedicated to providing financial products and services for healthcare professionals.

Investment Real Estate Lending is specifically designed for customers looking for flexible and affordable real estate financing for community developments, such as apartments, townhouses and mixed-use properties.

Transition notesYour Team Capital business loan and/or line of credit will transfer to Provident on September 2, 2014, with no changes to terms or conditions.

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Loans for Small Businesses

Small Business Administration (SBA) Loans

As an SBA Preferred Lender, we have the authority to approve loan applications directly, without waiting for SBA approval – so you can get the money you need faster. Loans guaranteed by the Small Business Administration offer some of the most attractive financing opportunities around.

¬ Loans from $200,000 to $5 million with terms up to 25 years ¬ Up to 100% financing available ¬ No pre-payment penalties (in most cases) ¬ Flexible rates with longer terms ¬ SBA loans with no balloon payments are also available

As one of New Jersey’s leading lenders, Provident Bank has created a streamlined application process that can result in quick turnaround. Count on the experts at Provident to make sure you have the best opportunity to qualify for an affordable government-guaranteed loan by the SBA.

Non-SBA Loans

If you have small business financing needs up to $100,000 and an SBA loan is not for you, Provident can help. We offer a full array of loan products tailored to the unique needs of small businesses in our region. Call us for details at 800.448.PROV (7768).

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Transition notes

¬ Your current online payees will be transferred to Provident automatically – no need to re-enter this information.

¬ Any recurring payments you have arranged online will continue without interruption.

¬ Note that online services will be unavailable over Labor Day weekend as we make the transition to Provident.

¬ We will send you a separate letter with all the details you’ll need to know about the transition of your online services.

BANKING CONVENIENCE

Online Banking via ProvidentConnect for Business at ProvidentNJ.com

Business online banking offers sophisticated features to meet a wide range of needs. You can monitor and control your entire financial picture. You can also access our cash management services easily and securely, thanks to multi-layered protocols that protect your data during all transactions. Virtually everything you do at a Provident branch can be done from the convenience of your office or home computer, thanks to ProvidentConnect for Business.

24/7 Customer Contact Center: Call 800.448.PROV (7768)

Call any time of the day or night and use our Telephone Banking service to monitor activity in your accounts. If you need personal assistance, representatives are available to assist you Monday through Friday, 8 a.m. to 7 p.m. and Saturday, 9 a.m. to 2 p.m.

NJ

PA

Hudson

Montour

Columbia

NorthCumberland

Essex

Union

Union

Synder

Perry

Cumberland

JuniataMifflin

Clinton

Centre

Cameron

Clearfield

Jefferson

ElkForest

Erie

Mercer

Lawrence

Beaver

Washington

Greene FayetteSomerset Bedford Fulton Franklin

Huntingdon

Allegheny

Westmoreland

Butler

Venago

Clarion

Armstrong

IndianaCambria

Blair

Morris

Somerset

Middlesex

Mercer Monmouth

OceanBurlington

CamdenGloucester

Atlantic

Cape May

Cumberland

Salem

Philadelphia

Bucks

Lehigh

Northhampton

Warren

Sussex

Pike

Monroe

Hunterdon

Chester

Montgomery

Berks

Schuylkill

Carbon

Lancaster

Lebanon

Dauphin

YorkAdams

Luzerne

WyomingSullivan

LycomingLackawanna

Wayne

SusquehannaBradfordTiogaPotterMcKeanWarrenCrawford

Delaware

BergenPassaic

More Branches and aTMs

Your branch network will grow from 11 to 87 locations, including dozens of branches in central and northern New Jersey.

Beginning September 2, 2014, you will be able to use any of these branches and ATMs for all transactions, so you’ll enjoy convenient new banking opportunities close to where your business takes you in our region.

Thanks for giving us this opportunity to serve you.As you can see, Provident has a lot to offer, and we can’t wait to start adding new strengths to your expanded team.

If you have questions about anything you’ve read, or if you would like more information, please call or visit your local branch office. You can also call the Provident Customer Contact Center at 800.448.PROV (7768), Monday through Friday, 8 a.m. to 7 p.m., and Saturday, 9 a.m. to 2 p.m. Or to learn more, visit our website at ProvidentNJ.com.

Cash Management customers can reach our Cash Management Help Desk at 732.590.9288, Monday through Friday, 8:30 a.m. to 5:00 p.m.

We appreciate your business, and we look forward to bringing you a smooth transition to the new business banking opportunities you’ll find at Provident Bank.

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● Team Capital Bank● Provident Bank

© 2014 The Provident Bank PRO220-BRO-BIZ

Equal Opportunity Lender Equal Housing Lender Member FDIC

1 For a complete summary of account features and possible fees associated with Provident business/cash management accounts, see the appropriate Accounts and Service Fees section in the enclosed Disclosure Handbook.

welcome to provident bank! · provident makes the right business checking account easy to identify,...

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