Important Disclosures
acceptance and use not specifically provided herein are the responsibility of the winner. 2. Must have a bank account in the U.S. to use Zelle. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. See your Zelle Payment Service Agreement for more details. Standard text and data rates from your mobile phone carrier may apply. Available services are subject to change without notice. Zelle is intended for sending money to family, friends and people you know and trust. It is recommended that you do not use Zelle to send money to people you don’t know. Neither California Bank & Trust nor Zelle offer a protection program for any authorized purchase made with Zelle. Zelle and Zelle related marks are wholly owned by Early Warning Services, LLC. and are used herein under license. THIS PROMOTION IS IN NO WAY SPONSORED, ENDORSED, ADMINISTERED BY OR ASSOCIATED WITH EARLY WARNING SERVICES, LLC OR ZELLE®. 4 Tips to help avoid fraud scams (Page 22-24) Sources: 1. AARP - Consumer Fraud Complaints Hit Record High 2. FBI - Bogus Charity Operator Sentenced 3. Retruster - 2019 Phishing Statistics and Email Fraud Statistics 4. CNBC - Americans lost $77 million to Covid-19 fraud—and that’s just the ‘tip of the iceberg’ 5. Forbes - Seniors Beware: Scam Artists Want Your Money Mortgage Relationship Pricing/Zip Mortgage (Page 25) 1. Loans subject to credit approval. Certain terms, conditions and restrictions apply; contact bank for details. Zions Bancorporation, N.A. NMLS # 467014 2. Applicable for new or existing deposit and/or investment account balances totaling a minimum of $250,000. 3. The relationship discount program is available to all new and existing customers on new refinance and purchase portfolio loans. Exceptions are: the 3/1 ARM and Employee loans. Zions Direct accounts, Business operating accounts, and CD’s are ineligible deposit account types. Relationship discount program subject to change at any time. calbanktrust.com/credit-holiday for full details. Customers who use their personal CB&T Visa® credit or debit Card during the sweepstakes period of October 19, 2020 and January 10, 2021 will automatically be entered into the sweepstakes drawing with an opportunity to win $10,000. One (1) entry allowed per transaction made. Only one (1) prize will be awarded in the amount of $10,000. Official rules apply. No purchase necessary. Must be at least 18 years old and a legal resident of California. CB&T employees, affiliates, immediate family members and individuals living in the same household with such employees are not eligible to enter. All applicable tax liabilities, including federal, state or local, are the sole responsibility of the winner and the winner may receive an IRS 1099 for the value of the prize. See Official Rules for alternative method of entry. CB&T Credit and Debit Card Sweepstakes (Page 32) 1. Credit card rules. See Sweepstakes Official Rules at
“The human touch is necessary to understand our clientele’s needs,” Schott said. “There was a lot of guidance and hand-holding to help our clients complete their applications, and we’ve pivoted to offer this digitally. We also haven’t had the same visibility to help reach out in person to these business owners, but we've been working closely with local chambers, business associations and other community partners for grassroots outreach.” By empowering home-based and main street businesses, Accion helps fuel growth in underserved communities across the United States. “Our goal at the end of the day, as a mission- based community organization, is to get business owners the help that best suits their individual needs,” Schott emphasized. Accion serves the Southern California counties of San Diego, San Bernardino, Riverside and Imperial Valley. CB&T is proud to be a partner and supporter of Accion Southern California.
Home Equity Line of Credit (Page 5) 1. Subject to credit approval. Terms and conditions apply. Minimum line amount is $10,000.00. Minimum draw amount is $300.00. Properties for sale are not eligible. Property insurance required. Contact your local branch for further loan details. Collateral must be owner occupied single family residential property, including condos, townhomes, and duplexes located in California with a maximum 80% loan-to-value. Annual Percentage Rates (APRs): Advertised HELOC introductory APRs are 1.99% FIXED APR for Owner Occupied 1st Lien property types or 2.49% FIXED APR for Owner Occupied 2nd Lien and 2nd Home/Vacation Home 1st and 2nd Lien property types for the first six (6) billing cycles from account opening, variable APR of 4.050% - 6.425% thereafter. The variable APR is subject to change without notice and is based on Prime Rate as published in The Wall Street Journal plus a margin and credit-worthiness. To qualify, applicant must have a minimum FICO® score of 750 and LTV of 60% or less at the time of application. If the variable rate adjusts, it will not exceed 16%. Advertised rates are effective 09/29/2020. Relationship Pricing and Auto-pay: To qualify for the Relationship Pricing discount, customers must have a California Bank & Trust DDA or Interest Checking Account, and one other account with a balance or activity in it other than the HELOC being applied for. The other account must be from a different account type/category. Product terms and conditions apply. Please refer to the Deposit Account Agreement, Account Disclosure, Deposit Rate Sheet and Personal Account Schedule of Fees, or speak with a banker for more details. Advertised variable APRs may include the auto-pay discount of 0.25% and the relationship pricing discount of 0.25%. Auto-pay from a CB&T deposit account is required. Fees: No third-party closing costs for lines of $500,000 or less if property is the primary residence. For lines over $500,000 secured by a primary residence, and all lines over $250,000 secured by a secondary residence, investment property or rental property, borrower is responsible for third party closing costs which may range from $250-$4,000, depending on the line amount and other factors. Early closure fee of $500 will apply if the line is closed within 36 months of the initial loan closing date. Offer subject to change. See a banker for full details.
“I am a huge believer in the power of small business. I love seeing the ripple effect of its impact on the community through its support for families and jobs.” Elizabeth Schott CEO, Accion Southern California
ACCION’S 2019 PORTFOLIO AND IMPACT
Views on cash management (Pages 6-7)
1. Credit cards and lines of credit are subject to credit approval. Certain terms, conditions and restrictions apply.
Treasury Management Select (Pages 12-13) 1. Positive Pay: Positive Pay service is used in conjunction with CB&T’s full account reconciliation service, requiring that you submit issued check files to the bank. Zelle - Celebrate the Season Sweepstakes (Page 19) 1. Celebrate the Season Sweepstakes. Official Rules Apply. NO PURCHASE OR PAYMENT NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Sweepstakes starts on 11/1/20 at 12:00:01 a.m. ET and ends on 12/31/20 at 11:59:59 p.m. ET. Open to legal residents of the 50 United States and Washington D.C. including the territories of Guam and Saipan who are 18 years of age and older and are registered accountholders at a participating financial institution. Void where prohibited. For complete Official Rules including details on how to enter by mail, visit calbanktrust.com/celebrate. Sponsor: Fiserv Solutions, LLC, 255 Fiserv Drive Brookfield, WI 53045. Winners are solely responsible for any taxes on the prizes and will be issued an IRS Form 1099 for the Grand Prize value. As a condition of winning, the potential winner will be required to complete a W-9 Tax Form and will be required to furnish his/her social security number for the purpose of preparation of any tax forms as required by law. All costs and expenses associated with prize
LOANS BY SIZE 8% $300-$4,999
INDUSTRY TYPE 53% Service
OWNER ETHNICITY 49% Hispanic 32% White 10% African American 5% Asian 3% Other 1% Pacific Islander and Native American
LOW-TO-MODERATE INCOME (LMI) 68% LMI 32% Non-LMI
34% $5,000-$9,999 22% $10,000-$19,999 36% $20,000-$49,999 10% $50,000-75,000
20% Food 15% Retail
8% Professional 4% Contractor
To help small business owners, visit us.accion.org/region/southern-california
CB&T has supported Accion with financial expertise, philanthropic support for grant funding, and educational workshops that it co-hosts with Accion. These workshops are usually held two to four times annually, in English and Spanish, on various financial topics such as loan preparation, documentation, lending options and qualification criteria. Accion’s local board of directors includes CB&T’s Executive Vice President and Chief Financial Officer, Chikako Tyler, and retired CB&T executive, Gene Louie.
A division of Zions Bancorporation, N.A. Member FDIC © 2020 Zions Bancorporation, N.A.
Equal Housing Lender | SBA Preferred Lender | NMLS# 467014
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IN YOUR CORNER ISSUE 6 | 2020
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