Dear Community Bank and Trust of Florida Customer:
We are pleased to announce that the shareholders of Florida Community Bankshares, Inc., the Bank Holding
Company for Community Bank and Trust of Florida, have voted to merge with MIDFLORIDA Credit Union.
There are many reasons the shareholders felt that choosing MIDFLORIDA was in the best interest of their
customers; here are a few:
MIDFLORIDA Credit Union’s mission is to improve the financial well-being of its customers. The credit
union offers a full suite of retail and commercial products and services; unparalleled convenience with
its 7 am to 7 pm drive-thru hours and full-service Saturday hours; and an array of financial education
resources.
MIDFLORIDA Credit Union has served Central Florida since 1954 and offers membership to anyone who
lives, works, worships or attends school within 38 Florida counties. (A list of counties is available on the
branch listings page enclosed or at midflorida.com.) Currently, the credit union serves more than
320,000 customers through a branch network of 49 locations and more than 60 proprietary ATMs.
Throughout its 65 year history, the credit union has enjoyed solid financial performance and steady
growth, and has enjoyed a consistent five-star rating from Bauer Financial® year over year. At $3.5
billion in assets, the credit union is strong, secure and well capitalized.
MIDFLORIDA is committed to the areas it serves and shows that commitment through partnerships
with various public school districts, colleges and other organizations.
Pending regulatory approval by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union
Administration (NCUA), and the Florida Office of Financial Regulation, an account conversion date has been set
for Saturday, April 4, 2020.
What to expect:
MIDFLORIDA Credit Union and Community Bank and Trust of Florida will be working to make this transition as
seamless as possible. These elements will take effect at closing which is expected to be November 8, 2019:
All employees of Community Bank and Trust of Florida will become employees of MIDFLORIDA Credit
Union.
All deposit and loan products will be combined into MIDFLORIDA’s records for accounting purposes.
However, there will be no change to account naming, structure or fees until conversion when all accounts
are fully integrated.
Deposit accounts will now be insured by NCUA up to $250,000 per account category. The NCUA is a
federal agency created by the United States Congress which administers the National Credit Union Share
Insurance Fund (NCUSIF) and offers similar deposit insurance to that of the FDIC. (See the NCUA and FDIC
Insurance comparison chart in this document.)
The insured status of Community Bank & Trust of Florida, under the provisions of the Federal Deposit
Insurance Act, will terminate as of the close of business on December 31, 2019 (“termination date”).
Insured deposits in Community Bank & Trust of Florida on the termination date, less all withdrawals
from such deposits made subsequent to that date, will continue to be insured by the Federal Deposit
Insurance Corporation, to the extent provided by law, until December 31, 2019. The Federal Deposit
Insurance Corporation will not insure any new deposits or additions to existing deposits made by you
after the termination date. This Notice is being provided pursuant to 12 CFR 307.3.
Please contact David Denyer with Community Bank & Trust of Florida, 1603 SW 19
th
Avenue, Ocala, FL
34471, if additional information is needed regarding this Notice or the insured status of your account(s).
Signage on all branches of Community Bank and Trust of Florida will transition to MIDFLORIDA Credit
Union. However, Community Bank and Trust of Florida customers will need to rely upon these locations
only for service until all accounts are integrated at account conversion. Following conversion in April
2020, Community Bank and Trust of Florida customers will have access to all MIDFLORIDA branches and
can access additional credit union locations through the shared branching network as well.
All direct deposits (social security, payroll, etc.), automatic withdrawals or transfers, and any
transactions (debit card transactions or checks) will continue to process and post to your account.
Your existing Community Bank and Trust of Florida debit card and checks will continue to function
normally and will not need to be replaced.
Community Bank and Trust of Florida customers can become a shareholder in MIDFLORIDA Credit
Union and MIDFLORIDA will pay your $5 share. MIDFLORIDA is a mutually-owned cooperative that
requires each customer to have a $5 share to access the many products, services and benefits
MIDFLORIDA offers. However, if you do not elect to accept this free offer, it will not impact your ability
to access or use your existing accounts (deposit accounts, non-deposit accounts or loans) once
transferred from Community Bank and Trust of Florida. To get your free share and full access to all that
MIDFLORIDA has to offer, complete the form enclosed or visit midflorida.com/CBT to complete an
online document. Business accounts and accounts without a Tax Identification Number on file cannot
opt in online.
Customers can call toll free (877) 727-1ASK with any merger-related question. Hours of operation will
be Monday – Saturday, 7 am to 8 pm. (Note: there may be extended hours over conversion weekend.
Details will be included on future correspondence.)
On or around March 11, 2020:
You will receive important information about the weekend of conversion and the transition of
products and services as well as an outline of your account with MIDFLORIDA (which will be built to
match the features you currently enjoy), account terms and conditions brochure and a fee schedule.
Community Bank and Trust of Florida credit cardholders will be sent new MIDFLORIDA credit cards.
Conversion weekend (Friday, April 3, through Sunday, April 5, 2020):
With a few exceptions, Community Bank and Trust of Florida account numbers will not change. (If
your account is an exception and your number must be altered, you will be contacted separately.)
On Friday, April 3, 2020, Community Bank and Trust of Florida’s online banking (including mobile
banking) will be unavailable and will no longer be accessible at the cbtfl.com web address after this
date. (Online banking services will be restored later in the weekend and Community Bank and Trust of
Florida customers will be redirected to midflorida.com for services.) However, any payments or
transfers set up prior to conversion will continue to clear.
On Sunday, April 5, 2020, access to some MIDFLORIDA services (such as online banking and phone
banking) will become available. Directions regarding access and initial login will be sent in future
correspondence. If possible, this communication will also outline any specific times when we anticipate
the services to be available. Customers can also look for updates on MIDFLORIDA’s website
(midflorida.com) and social media sites.
You will be able to use any branch (Monday) or ATM within MIDFLORIDA’s network as well as any
credit union participating in the Co-Op Shared Branch network. (The Co-Op Shared Branch network
allows MIDFLORIDA customers to access their account and conduct transactions at more than 5,000
credit union locations nationwide.)
A final Community Bank and Trust of Florida account statement (account history since your last
statement and through April 3, 2020) will be generated and mailed via regular U.S. Mail.
Following conversion, you will receive your first MIDFLORIDA account statement in April following the
same statement delivery time and method that you enjoyed with Community Bank and Trust of
Florida. Note: Your first statement will serve as reference to verify balances, etc. by matching it to your
Community Bank and Trust of Florida statement.
If you have questions about the merger or anticipated conversion, please feel free to contact either financial
institution:
MIDFLORIDA Community Bank and Trust of Florida
Merger Hotline Toll free (888) 388-1007
Toll free (877) 727-1ASK Monday – Friday
Monday – Saturday 9 am to 5 pm
7 am to 8 pm
We are excited about this transition and look forward to serving you!
Sincerely,
D. Kevin Jones Hugh F. Dailey
CEO President & CEO
MIDFLORIDA Credit Union Community Bank and Trust of Florida
Questions & Answers
Merger of Community Bank and Trust of Florida with MIDFLORIDA Credit Union
When will the conversion take place?
The account conversion will take place on Saturday, April 4, 2020. While access to some services may truncate at
different intervals leading up to and through the weekend of conversion, there should be no impact to the
customer’s ability to use their account up to and through conversion.
Will my account number change with the conversion?
With a few exceptions, the account numbers for Community Bank and Trust of Florida will not change. Any
customer affected by having to change their account number will be contacted directly.
Will the product account names change?
While product account names may differ slightly, a detailed outline of each account and how it will be labeled
will be provided to you approximately three weeks prior to conversion.
Will I need to update my ACH (Automated Clearing House) transactions (social security, payroll, etc.)?
ACH transactions (credits and debits) will continue to post without interruption and without any need for an
update on your part. However, if you prefer, you can contact any business with whom you execute ACH
payments or deposits to provide MIDFLORIDA’s routing and transit number (263179804) along with your
account information.
Will fees change?
You will receive a copy of MIDFLORIDA’s fee schedule in future correspondence. While you may notice different
terminology and the interval at which fees may be charged, it is MIDFLORIDA’s goal to keep fee amounts the
same or less than what was historically charged.
Will new debit cards be issued as part of the conversion?
Existing Community Bank and Trust of Florida debit cards, as well as existing personal identification numbers
(PIN) will continue to work throughout the conversion process. The only reason a new debit card may be
reissued is if the card is lost or stolen or the card is reaching its expiration date.
Will new credit cards be issued as part of the conversion?
Existing Community Bank and Trust of Florida credit cardholders will have new MIDFLORIDA credit cards issued
as well as be provided cardholder account disclosures.
What is MIDFLORIDA’s routing and transit number?
MIDFLORIDA’s routing and transit number is 263179804.
Will my Community Bank and Trust of Florida checks still work, or do I need to order new ones?
All Community Bank and Trust of Florida checks will still be accepted and processed as normal. Closer to the
conversion date, customers will have the option to order a box of MIDFLORIDA checks by contacting
MIDFLORIDA’s check processor directly or stopping by a branch. More details will be included in future
correspondence.
Will my consumer loan(s) remain the same following conversion?
Your existing consumer loans will transfer to MIDFLORIDA and will retain the same terms. All loan payments will
continue to post through conversion regardless of whether the payment is made electronically or mailed.
Will my mortgage remain the same?
Any mortgage loan currently being serviced by Community Bank & Trust of Florida will move to MIDFLORIDA
and retain the same contractual terms.
When will I receive my mortgage statement?
MIDFLORIDA Mortgage Center sends monthly mortgage statements to all mortgage holders. Statements are
processed and delivered by mail or electronically mid-month, each month.
When will I receive my account statement from MIDFLORIDA?
A final Community Bank and Trust of Florida account statement (account history since your last statement and
through April 3, 2020) will be generated and delivered using your chosen delivery method.
Following conversion, you will receive your first MIDFLORIDA account statement in April following the same
statement delivery time and method that you enjoyed with Community Bank and Trust of Florida. Note: Your
first statement will serve as reference to verify balances, etc. by matching it to your Community Bank and Trust
of Florida statement. Going forward, customers with a savings account only will receive quarterly statements in
January, April, July and October while customers with checking or lending accounts will receive statements on a
monthly basis.
Will my certificate rates change?
All certificate products will retain their rate structure and term when converted to MIDFLORIDA.
Will my beneficiaries transfer with my account(s)?
Any previously designated beneficiaries will follow the account when integrated with MIDFLORIDA’s system.
When will I be able to use a MIDFLORIDA ATM?
After the closing on November 8, 2019, Community Bank and Trust of Florida debit cards will be accepted at any
MIDFLORIDA proprietary ATM (including the existing Community Bank and Trust of Florida locations) or at any
Publix Presto! ATM for withdrawals and transfers and will not incur a transaction fee (no surcharge fee).
However, deposits can only be accepted at Community Bank and Trust of Florida ATMs until after conversion. (A
list of branches and ATMs is included with this letter or you can visit midflorida.com for more details.)
Does MIDFLORIDA offer banking by phone and when will it be available to me?
MIDFLORIDA offers Direct Touch, a phone banking system that allows access to account balances, history, and
more. This service is accessible when calling MIDFLORIDA’s toll-free number (866) 913-3733. More information
outlining your first time access to Direct Touch will be provided in future correspondence. MIDFLORIDA
anticipates this service being available to Community Bank and Trust of Florida customers sometime on Sunday,
April 5.
When will online/mobile access be available through MIDFLORIDA?
Online services will be available sometime on Sunday, April 5. A detailed communication about initial access will
be sent in future correspondence.
Community Bank and Trust of Florida’s online banking and bill pay (including mobile banking) will be inaccessible
beginning Friday, April 3. You will no longer have access to log in, check balances, conduct transactions or review
information from the Community Bank and Trust of Florida site as of this date. Customers will receive more
specific details prior to conversion.
Does MIDFLORIDA support Mobile Wallet transactions?
MIDFLORIDA supports Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.
How can I connect and learn more about MIDFLORIDA?
To learn more about MIDFLORIDA, stop by any branch (either MIDFLORIDA or Community Bank and Trust of
Florida), visit midflorida.com or call the Help Desk toll free at (866) 913-3733. Also follow us on Facebook,
Instagram, Twitter and SnapChat.
What are MIDFLORIDA’s hours?
Branch Lobby Hours
Monday, Tuesday & Thursday 9 am to 5 pm
Wednesday 10:30 am to 5 pm*
Friday 9 am to 6 pm
Saturday 9 am to 1 pm
Branch Drive-Thru Hours
Monday – Friday 7 am to 7 pm
Saturday 8:30 am to 1:00 pm
Help Desk Call Center Hours
Monday – Saturday 7 am to 8 pm
*Lobbies open later on Wednesday to allow for staff training.
Note: Branches located within an employer group (like a hospital or manufacturing plant) may have
different hours and services. For a complete listing, visit midflorida.com.
Who can join MIDFLORIDA?
MIDFLORIDA is a mutually-owned cooperative that requires each customer to have a $5 share to access the
many products, services and benefits MIDFLORIDA offers. Membership is open to anyone who lives, works,
worships or attends school within the following 38 Florida counties:
Alachua
Gilchrest
Levy
Polk
Bradford
Glades
Manatee
Putnam
Brevard
Hardee
Marion
Sarasota
Broward
Hendry
Martin
Seminole
Charlotte
Hernando
Okeechobee
St. Lucie
Citrus
Highlands
Orange
Sumter
Collier
Hillsborough
Osceola
Union
Columbia
Indian River
Palm Beach
Volusia
DeSoto
Lake
Pasco
Flagler
Lee
Pinellas
MIDFLORIDA Branch Locations as of August 2019
(All branches have ATMs)
Branch Name
Address
City
State
Zip
Longwood
1199 Spring Center South Blvd.
Altamonte Springs
FL
32714
Arcadia
128 S. Brevard Ave.
Arcadia
FL
34266
Auburndale
2146 US Highway 92 W.
Auburndale
FL
33823
Avon Park
930 US Highway 27
Avon Park
FL
33825
Bartow
105 E Van Fleet Dr.
Bartow
FL
33830
Bay Pines
10000 Bay Pines Blvd.
Bay Pines
FL
33744
Central Brandon
825 W Brandon Blvd.
Brandon
FL
33511
Gulf To Bay
2400 Gulf To Bay Blvd.
Clearwater
FL
33765
Countryside
29383 US Highway 19 N.
Clearwater
FL
33761
Haines City
1006 Old Polk City Rd.
Haines City
FL
33844
Kissimmee
1001 Buenaventura Blvd.
Kissimmee
FL
34743
Lake Placid
6 North Main Avenue
Lake Placid
FL
33852
Lake Wales
237 S.R. 60 W.
Lake Wales
FL
33853
South Lakeland
6040 S. Florida Ave.
Lakeland
FL
33813
Mall
1090 Wedgewood Estates Blvd.
Lakeland
FL
33809
North Lakeland
7301 US Highway 98 N.
Lakeland
FL
33809
Hollingsworth
3008 S. Florida Ave.
Lakeland
FL
33803
Tower
129 S Kentucky Ave.
Lakeland
FL
33801
Tower Annex
205 South Florida Ave.
Lakeland
FL
33801
Highland City
5301 US Highway 98 S.
Lakeland
FL
33812
Crystal Lake
1817 Crystal Lake Dr.
Lakeland
FL
33801
Harden Blvd
2100 Harden Blvd.
Lakeland
FL
33803
Largo
13075 Walsingham Rd.
Largo
FL
33774
Land O’ Lakes
23551 SR 54
Lutz
FL
33559
Lutz
19203 N. Dale Mabry Hwy.
Lutz
FL
33548
Maitland
450 S. Orlando Ave.
Maitland
FL
32751
Trinity
7401 S.R. 54
New Port Richey
FL
34653
Okeechobee
3261 Hwy 441 S.
Okeechobee
FL
34974
Waterford Lakes
11411 Lake Underhill Rd.
Orlando
FL
32825
Eastside*
100 Global Innovation Circle
Orlando
FL
32825
Sand Lake*
5600 Sand Lake Rd.
Orlando
FL
32819
Pinellas Park
4300 Park Blvd.
Pinellas Park
FL
33781
Plant City
2903 James L Redman Pkwy.
Plant City
FL
33566
St. Lucie West
771 NW St Lucie West Blvd.
Port St Lucie
FL
34986
Gatlin
1692 S.W. Gatlin Blvd.
Port St Lucie
FL
34953
Port St. Lucie
8351 South US Highway 1
Port St Lucie
FL
34952
4th Street St Pete
2646 4th Street N.
St. Petersburg
FL
33704
North Sebring
6105 US Hwy. 27 N.
Sebring
FL
33870
MIDFLORIDA Branch Locations (cont.)
South Sebring
3863 US Hwy. 27 S.
Sebring
FL
33870
Spring Hill
11098 Spring Hill Dr.
Spring Hill
FL
34608
Central Tampa
3202 W. Waters Ave.
Tampa
FL
33614
Haley VA Hospital
13000 Bruce B. Downs Blvd.
Tampa
FL
33612
New Tampa
20401 Bruce B. Downs Blvd.
Tampa
FL
33647
South Tampa
1112 S. Dale Mabry Hwy.
Tampa
FL
33629
Central Vero
2800 20th St.
Vero Beach
FL
32960
Wauchula
1490 US Hwy 17 N.
Wauchula
FL
33873
No. Winter Haven
2075 8th Street NW
Winter Haven
FL
33881
Spirit Lake
3025 SR 540 W.
Winter Haven
FL
33880
So. Winter Haven
5540 Cypress Gardens Blvd.
Winter Haven
FL
33884
*Locations available to Lockheed Martin Employees Only.
MIDFLORIDA Offsite ATM Locations as of August 2019
ATM Location Name
Address
City
State
ZIP
Bartow Ford
2800 US Hwy 98 N.
Bartow
FL
33830
Bartow - Polk County Courthouse
220 West Church St.
StSt.Street
Bartow
FL
33830
Davenport - Four Corners
300 Ambersweet Way
Davenport
FL
33897
Lakeland - Courthouse
930 E. Parker St.
Lakeland
FL
33801
Lakeland - Cypress Lakes
10000 US Hwy 98
Lakeland
FL
33809
Florida Polytechnic University
4700 Research Way
Lakeland
FL
33805
Florida Southern College
111 Lake Hollingsworth Dr.
Lakeland
FL
33801
Lakeland - Gary Road
1551 Gary Rd.
Lakeland
FL
33801
Lakeland Regional Medical Center
1324 Lakeland Hills Blvd. Dr.
Lakeland
FL
33805
Highlands Regional Medical Center
3600 S Highlands Ave
Sebring
FL
33870
St. Petersburg - Bay Pines Plaza
9603 Bay Pines Blvd.
St. Petersburg
FL
33708
St. Petersburg - VA Regional Office
9500 Bay Pines Blvd.
St. Petersburg
FL
33744
Winter Haven Courthouse
3425 Lake Alfred Rd.
Winter Haven
FL
33881
Winter Haven Hospital
200 Avenue F NE
Winter Haven
FL
33881
NCUA and FDIC Insurance Comparison
Single
Account
(one owner)
Joint
Account
(more than
one owner)
Retirement
Accounts
(includes IRAs)
Revocable
Trust
Accounts
Corporation,
Partnership, and
Unincorporated
Association Accounts
NCUA
Insured
$250,000
per
owner
$250,000
per
co-owner
$250,000
aggregate for
Roth and
Traditional
$250,000 for
Keogh
All IRA coverage
is separate
and in addition
to coverage for
other credit union
accounts
$250,000
per owner
per beneficiary
up to
5 beneficiaries
(Includes
Coverdell
Education
Savings
accounts)
$250,000 per
corporation,
partnership or
unincorporated
association
FDIC
Insured
$250,000
per
owner
$250,000
per
co-owner
$250,000
per owner
$250,000
per owner
per beneficiary
up to
5 beneficiaries
$250,000 per
corporation,
partnership or
unincorporated
association
Rev. 02/2014
FACTS
WHAT DOES MIDFLORIDA CREDIT UNION DO WITH YOUR PERSONAL
INFORMATION?
Why?
Financial companies choose how they share your personal information. Federal law gives consumers
the right to limit some but not all sharing. Federal law also requires us to tell you how we collect,
share, and protect your personal information. Please read this notice carefully to understand what we
do.
What?
The types of personal information we collect and share depend on the product or service you have
with us. This information can include:
l
Social Security number
l Account balances
l Payment history
l Transaction history
l Overdraft history
l Account transactions
When you are no longer a member, we continue to share your information as described in this notice.
How?
All financial companies need to share members' personal information to run their everyday business.
In the section below, we list the reasons financial companies can share their members' personal
information; the reasons MIDFLORIDA Credit Union chooses to share; and whether you can limit
this sharing.
Reasons we can share your personal information Does MIDFLORIDA Credit
Union share?
Can you limit this sharing?
For our everyday business purposes -
such as to process your transactions, maintain your
account(s), respond to court orders and legal
investigations, or report to credit bureaus
Yes No
For our marketing purposes -
to offer our products and services to you
Yes No
For joint marketing with other financial companies Yes No
For our affiliates' everyday business purposes -
information about your transactions and experiences
Yes No
For our affiliates' everyday business purposes -
information about your creditworthiness
No We don't share
For nonaffiliates to market to you No We don't share
Questions?
Call toll-free (866) 913-3733
Privacy Model Disclosure PRIV-MODEL 8/1/2010
VMP® Bankers Systems™
Wolters Kluwer Financial Services © 2010 2012.1/0641 4009231-010 EPRV0641
What We Do
How does MIDFLORIDA Credit
Union protect my personal
information?
To protect your personal information from unauthorized access and use, we use
security measures that comply with federal law. These measures include computer
safeguards and secured files and buildings.
We also maintain other physical, electronic and procedural safeguards to protect
this information and we limit access to information to those employees for whom
access is appropriate.
How does MIDFLORIDA Credit
Union collect my personal
information?
We collect your personal information, for example, when you
l
Open an account
l Apply for a loan
l Use your credit or debit card
l Make deposits or withdrawals from
your account
l Make a wire transfer
We also collect your personal information from others, such as credit bureaus,
affiliates, or other companies.
Why can't I limit all sharing?
Federal law gives you the right to limit only
l
sharing for affiliates' everyday business purposes - information about your
creditworthiness
l affiliates from using your information to market to you
l sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and
non-financial companies.
l
Our affiliates include:
l Financial companies such as: MIDFLORIDA Insurance Services, LLC.
Nonaffiliates Companies not related by common ownership or control. They can be financial and
non-financial companies.
l
MIDFLORIDA Credit Union does not share with nonaffiliates so they can
market to you.
Joint Marketing A formal agreement between nonaffiliated financial companies that together market
financial products or services to you.
l
Our joint marketing partners include securities broker dealers and insurance
companies.
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