BAS Case Study - March 2023
UNITED BANKERS' BANK
1650 West 82 St. Suite 1500 Bloomington, MN 55431 (952) 881-5800
April 9, 2019
Ms. Karen Burn Sunny State Bank 100 East Main Street Sunny, OH 55555
RE: Open Federal Funds Line ofCredit
I am writing to confirm that Su nn y St a t e Bank has an unsecured fed funds line of credit with UBB as per your bank's fed funds agreement. This amount will not exceed 50% of equity capital and surplus or $5.0 million, whichever is less.
Currently, your bank has fed funds availability of $3.087 million based on 12/31/18 tangible equity.
Requests for advances under this fed funds line of credit are subject to market conditions and fund availability as determined by United Bankers' Bank at its sole discretion. The fed funds line will be available until terminated by UBB. Please consult your fed funds agreement for all other terms and conditions.
Lisa M. Brusen VP - Credit Administration Manager
FIRST FOR YOUR SUCCESS
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