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PROPOSAL FOR BANKING SERVICE <br />I. Electronic Deposits <br />BANKII EWEST <br />Please see above for availability schedules. If you chose to make check deposits through <br />remote capture, the availability schedule changes. Checks on Bank of the West are given same <br />day credit. All other checks are 50% day 1 and 50% day 2. <br />J. Lockbox Service <br />It is my understanding Opus 21 is processing your lockbox payments on your behalf. Currently, <br />they are depositing the checks and sending Village Bank an ACH file weekly. We have the <br />ability to accept certain file formats from 3' party vendors (in this case Opus 21) on a daily <br />basis. In the exhibits section we have detailed out the specifications for this. Opus 21 can send <br />us images of the checks processed and you will receive the same credit as describe above for <br />electronic deposits. The service is called Image Clearing Service as is explained in more detail <br />under Letter N, Electronic Check Imaging. <br />K. Competitive Investment Options <br />These are effective Tuesday, October 09, 2012 and are only to be used as indicative rates for <br />the purpose of Bank of the West's proposal to the city of Ramsey. <br />Term Rate <br />Up to 89 days 0.03 <br />90-179 days 0.05 <br />180-239 days 0.10 <br />240-359 days 0.10 <br />360 days 0.12 <br />18 months 0.19 <br />2 years 0.30 <br />3 years 0.45 <br />4 years 0.65 <br />5 years 0.90 <br />*Money Market Savings Accounts are fully collateralized and are at a rate of .05%. Subject to <br />change with market fluctuations. <br />L. Electronic balance & Transaction reporting <br />Please see above under online banking services F. <br />20'Page <br />