Home Equity Line of Credit

SALE

Through August 31, 2008 

·         Borrow up to 90% of the value of your home – at the same  low rate (1)

·         Introductory Rate as low as:  4.00% APR(2)    

·         No Annual Fee – For Life (3)

·         No set-up/closing costs (4)

·         Interest-only payments (5)

No cost to establish – and always ready when you need it!

 Equal Housing Lender    Member FDIC

 Important information about this special offer:

1) 90% Aggregate Loan-to-Value (LTV) requires qualifying credit scores. 

 2) Introductory Rate effective 8/1/08 on lines of credit of $50,000 or more. 

 The introductory period is the first 6 months that the line is open.  The line of credit has a variable rate feature.  Therefore, the annual percentage rate (APR) and the minimum monthly payment can change as a result. The rate is indexed to the Prime Rate as published daily in the Wall Street Journal.  As of 8/1/08, the WSJ Prime Rate is 5.00%.  Interest begins to accrue immediately as funds are advanced against the line of credit.

 During the introductory period, the following variable rates apply: 

 Credit Line Amount                           Indexed Rate                APR as of 8/1/08

$50,000 or more:                                       Prime – 1.00%                     4.00% APR

Less than $50,000                                     Prime –   .50%                     4.50% APR

 After the introductory period, the following variable rates apply:

 Credit Line Amount                            Indexed Rate                APR as of 8/1/08

$50,000 or more                                        Prime – .50%                          4.50% APR

Less than $50,000                                      Prime                                       5.00% APR

  The maximum annual percentage rate is 25%; minimum APR is 3%. 

 3) Life means for as long as the home equity line is open.

 4) No fees to establish the line, however, a $400 prepayment penalty will be assessed if the line is closed during the first 3 years.  

 5) You can obtain credit advances for 10 years.  During this period, payments will be due monthly.  Your minimum monthly payments will be the amount of accrued finance charges on the last day of the billing cycle.  The minimum monthly payments will not reduce the principal that is outstanding on the line of credit by the end of 10 years.  At the end of the 10 year initial draw period, the entire balance will be due in a single balloon payment.

 Additional Information: This offer is subject to credit application, review and approval; acceptable appraisal and title search.  Primary residences only.  Homeowner insurance required.  Flood insurance required if applicable.  Offer is available on new North Side Bank home equity lines only.   A $35 over-limit fee will be assessed every month if the line of credit balance exceeds the established credit limit.  Minimum advances of $500 required.  Other terms and conditions apply.