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Question and Answer Guide

Community Banks of Colorado, Greenwood Village, CO

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The following list of responses to frequent issues or questions may assist you in understanding what is happening at Community Banks of Colorado.

On Friday, October 21, 2011, the Federal Deposit Insurance Corporation (FDIC) was appointed receiver for Community Banks of Colorado, Greenwood Village, CO by the Board of Governors of the Federal Reserve System. To protect depositors, the FDIC entered into a purchase and assumption agreement with Bank Midwest, National Association (N.A.), Kansas City, MO to assume all the deposits and purchase essentially all the assets of Community Banks of Colorado from the FDIC as Receiver. All shares of stock were owned by the holding company, which was not involved in this transaction.

YOUR MONEY IS SAFE! No one lost any money on deposit as a result of the failure of this bank. All deposits, regardless of dollar amount, were transferred to Bank Midwest, N.A.

ACCESS TO YOUR MONEY: You may continue to use your outstanding checks and they will clear up to the balance in your account. Your ATM/Debit card will continue to work as usual. The total balance in your account(s), including checking, savings, money market, non-brokered Certificates of Deposit, and retirement accounts, has been transferred to the new bank and will be available for transactions during regular business hours at the former bank branches.

DIRECT DEPOSITS: All direct deposits, for example, social security checks, payroll, veteran’s benefits, welfare and/or disability, unemployment or any payment you receive electronically will continue as usual.

AUTOPAYMENTS/BILLPAY/ONLINE BANKING: These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by the new bank.

INTEREST RATES: Interest on deposits accrued through close of business the day the bank failed will be paid at your same rate. Current rates will be reviewed by the new bank and may be lowered; however, you may withdraw funds from any transferred account without early withdrawal penalty until you enter into a new deposit agreement.

BROKERED DEPOSITS: As an All-Deposits Transfer transaction, the total of all deposit accounts, excluding the Cede & Co. deposits, have been assumed by Bank Midwest, N.A. If you are a customer who has a Community Banks of Colorado deposit through a broker, you must contact your broker with any questions.

SAFE DEPOSIT BOXES: You may continue to access your safe deposit box during normal business hours. Any changes will be communicated by the new bank.

OVERDRAFT LINES OF CREDIT: These lines have been transferred to the new bank. Please contact the new bank if you have additional questions regarding your accounts.

LOAN PAYMENTS: You should continue to make your payments according to the terms of your written contract. You may continue to make your payments at the branch office or send it to the same payment address with checks made payable to the old bank.

ESCROW PAYMENTS: All services previously performed related to your loan will continue. Should you receive notification that any portion of your taxes or insurance was not paid, notify your loan officer immediately.

LOANS IN PROCESS: Please contact your current loan officer directly.

SHARES OF STOCK: All shares of stock were owned by the holding company, Community Bankshares, Inc., Greenwood Village, CO. The holding company was not included in the receivership. If you are a shareholder of Community Bankshares, Inc., please do not contact or file a claim with the receiver. You must contact the holding company directly for more information:

Community Bankshares, Inc.
4950 S. Yosemite St. F2-353
Greenwood Village, CO  80111
Attention: Kathy Sisneros

CLAIMS: Please send claims for unpaid bills to the following address:

FDIC as Receiver for Community Banks of Colorado
1601 Bryan Street
Dallas, TX   75201-3430
Attention: Claims Agent

DEPOSIT INSURANCE INFORMATION: If you have accounts in both the failed and the new bank, they will be insured separately for at least six months following the merger of the banks. This will allow you time to restructure your accounts if necessary.

ADDITIONAL QUESTIONS: You may contact the FDIC Call Center at the number provided below with any additional questions:

FDIC Call Center
Toll free number 1-800-405-1439
Hours of Operation – Mountain Time
Friday, October 21, 2011: Until 9:00 p.m.
Saturday, October 22, 2011: 9:00 a.m. – 6:00 p.m.
Sunday, October 23, 2011: Noon – 6:00 p.m.
Thereafter: 8:00 a.m. – 8:00 p.m.

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 private 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:

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