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OCALA LOAN QUESTIONS

What will happen to my loan?

Each loan is currently being reviewed independently to determine the best action for that individual loan. If you are concerned about whom your future lender or servicer may be, you have the right to independently refinance your loan with another lender.

If I refinance with another lender, will my pre-payment penalty be waived?

Any pre-payment penalties will be waived as long as FDIC as Receiver is in control of the loan, and the borrower obtains refinancing of the outstanding balance on the account with another lender.

How and where do I make my payments?

You should continue to make your payments as agreed. Make checks payable to Ocala National Bank and utilize the same payment address information.You may continue to make your payments at the branch or by phone via check or credit card.

Will my overdraft line of credit continue to cover my overdrafts?

Yes. These lines have been transferred to CenterState Bank of Florida. Please contact your new bank if you have additional questions regarding your accounts.

Will my loan sweep be discontinued?

This will be determined on a case-by-case basis. Please contact your loan officer.

I have a loan currently in process. How is my loan impacted?

Please contact your loan officer directly.

Can I continue to perform advances on my personal line of credit?

All Home Equity Lines of Credit (HELOCs) have been suspended at this time and have been retained by the FDIC. You may contact CenterState Bank of Florida at your former Ocala National branch to discuss establishing a borrowing relationship.

Will my loan be sold?

Your loan may be sold at a future undetermined date. If that occurs, you will be notified in advance through written correspondence. If you are concerned about whom your future lender or servicer will be, you have the right to independently refinance you loan with another lender.

Who is my lender and has my loan contact changed?

Your loan is currently owned by the FDIC and is being serviced by all of the same personnel with whom you have worked in the past. All prior contacts remain the same.

Are there any changes to fees or charges due to this event?

No. The current fee structure will remain the same.

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