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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Question and Answer Guide

The John Warner Bank, Clinton, IL

FDIC Call Center
Toll free number 1-800-837-0215
Hours of Operation – Central Time
Thursday, July 2, 2009: Until 9:00 p.m.
Friday, July 3, 2009: 9:00 a.m. – 6:00 p.m.
Saturday, July 4, 2009: 9:00 a.m. – 6:00 p.m.
Sunday, July 5, 2009: 12:00 p.m. – 6:00 p.m.
Thereafter: 8:00 a.m. – 8:00 p.m.

On Thursday, July 2, 2009, The John Warner Bank, Clinton, Illinois, was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. The Federal Deposit Insurance Corporation (FDIC) was then named Receiver. Subsequent to the closure, State Bank of Lincoln acquired all the deposits and assets of The John Warner Bank from the FDIC as Receiver for The John Warner Bank. Any claims by equity holders were not acquired.

The total balance in your account(s) has been transferred to State Bank of Lincoln, Lincoln, IL and will be available for transactions during the regular business hours of the former locations of The John Warner Bank starting on Friday, July 3, 2009.

Please Note: All locations will be closed on Saturday in observance of the holiday.

You may continue to use your same checks, ATM cards and debit cards until notified.

All Direct Deposits including Social Security Checks, will continue as usual.

DEPOSIT QUESTIONS

  1. Account(s): What about my account with The John Warner Bank?
  2. ATM/debit card and/or Billpay: What about my ATM/debit card and/or bill paying with The John Warner Bank?
  3. Direct Deposits - Government Deposits: What will happen to my direct deposits?
  4. Existing Deposits at State Bank of Lincoln: I already have other deposit accounts with the new bank.  When combined with balances at this bank, my deposits exceed $250,000.  Are all funds insured?
  5. Interest Rates, Early Withdrawal Penalty: Will I continue to earn interest at the same rate?  Will I be charged an early withdrawal penalty?

LOAN QUESTIONS

  1. Loans/mortgages: What about my loan or mortgage with The John Warner Bank?
  2. Loans in Process: What happens if I had a loan in process that had not closed or a line of credit not fully funded?

GENERAL QUESTIONS

  1. Media: I represent a TV/Newspaper/Radio and would like some information.
  2. Outstanding Checks: What about checks that I have written on my account with The John Warner Bank?
  3. Safe Deposit Boxes: How can I claim the contents of my safe deposit box?
  4. Shareholders: What about my shares of stock?
  5. Transaction Types: Why do all deposits, insured or not, pass in some transactions but not in others?
  6. Unpaid Creditors: I did some work for the bank and have not been paid. What should I do?

DEPOSIT QUESTIONS

1. What about my account with The John Warner Bank?

If you had an account with The John Warner Bank, you now have an account with State Bank of Lincoln. All deposit accounts, which include Checking, Savings, Money Market, CDs and Retirement accounts have been transferred to State Bank of Lincoln, Lincoln, IL, regardless of the dollar amount. No one lost any money on deposit in The John Warner Bank.

Customers of both banks should continue to use their existing branches until State Bank of Lincoln can fully integrate the deposit records of The John Warner Bank.

Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any scams to obtain information from you.


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2. What about my ATM/debit card and/or bill paying with The John Warner Bank?

Your ATM/debit card will continue to work, and bill paying will work as it has in the past.


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3. What will happen to my direct deposits?

Direct Deposits, including Social Security checks, will continue as normal.


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4. I already have other deposit accounts with the new bank.  When combined with balances at this bank, my deposits exceed $250,000.  Are all funds insured?

The accounts transferred to State Bank of Lincoln will be separately insured for at least six months after the merger. This grace period gives a depositor the opportunity to restructure the accounts, if necessary.

CDs from the failed bank are separately insured until the earliest maturity date after the end of the six-month grace period.

CDs that mature during the six-month period and are renewed for the same term and in the same dollar amount (either with or without accrued interest) continue to be separately insured until the first maturity date after the six-month period.

If a CD matures during the six-month grace period and is renewed on any other basis, it would be separately insured only until the end of the six-month grace period.


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5. Will I continue to earn interest at the same rate?  Will I be charged an early withdrawal penalty?

State Bank of Lincoln will honor existing rates.

You may withdraw funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with your new bank. Entering into a new deposit agreement can be done by either renewing your CD or making a deposit to, or a withdrawal from, your account.


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LOAN QUESTIONS

6. What about my loan or mortgage with The John Warner Bank?

All mortgages and loans have been assumed by State Bank of Lincoln. Your payment amount and due date are the same. If you are having your payment deducted from your account, it will continue as it has in the past. You should continue to make your checks payable to The John Warner Bank and send your payments to the same address.


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7. What happens if I had a loan in process that had not closed or a line of credit not fully funded?

You should contact your loan officer. All prior contacts remain the same.


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GENERAL QUESTIONS

8. I represent a TV/Newspaper/Radio and would like some information.

Please contact the Office of Public Affairs:

David Barr
202-898-6992
dbarr@fdic.gov


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9. What about checks that I have written on my account with The John Warner Bank?

Your checks will clear up to the available balance in your account. You can continue to use your existing checks.


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10. How can I claim the contents of my safe deposit box?

It is business as usual. You can go to your local branch and access your safe deposit box; however, no action on your part is required because of this transaction.


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11. What about my shares of stock?

There was no publicly owned stock in The John Warner Bank. If you are an equity shareholder, your shares are in John Warner Financial Corp., Clinton, IL, the holding company for The John Warner Bank, and not the institution. The holding company and the interests of equity, debt holders or other creditors of the holding company are not included in the closure or receivership of the institution. Please do not file a claim with the Receiver, rather contact the holding company directly for information:

John Warner Financial Corporation
301 S. Side Square
Clinton, IL 61727

Any claims by equity holders were not acquired.


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12. Why do all deposits, insured or not, pass in some transactions but not in others?

The FDIC is required by law to employ the least-cost resolution measure for each failed financial institution. The most frequent result is for the FDIC to transfer only the insured deposits in a merger transaction. The FDIC has been able to transfer all deposits in about 25% of the failures over the past 15 years.


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13. I did some work for the bank and have not been paid. What should I do?

All claims against The John Warner Bank, together with proof of the claims, must be submitted in writing to the Receiver at the following address:

FDIC as Receiver for The John Warner Bank
1601 Bryan Street
Dallas, TX 75201
Attention: Claims Agent


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SCAMS: Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating that they are acting on behalf of either the failed bank, new bank, or the FDIC. Should you be contacted by anyone requesting personal information from you related to this event, please contact the call center above and you will be directed to the appropriate person.

For more information: www.fdic.gov/bank/individual/failed/warner.html


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