Banking Acronyms
APY
What is the Annual Percentage Yield?
Name the standard FDIC Limit.
What is $250,000?
"I" in P.I.K.E.
What is Increase Shareholder Profit?
A CTR must be filed this many days after the transaction days.
What is 15 days?
Number of types of HELOCs PNB offers.
What is 2 types?
ROA
What is Return on Assets?
Name our regulator.
Who is the Office of the Comptroller of the Currency?
The number of employees the bank had when first opened.
What is 10?
You must give a notice within ___ days when a CD is about to renew.
What is 10 days?
Number of withdrawals that can be made from a Christmas Club per Quarter.
What is 1 withdrawal?
ATM
What is Automated Teller Machine?
Number of months a bank in good standing is typically examined.
What is 18 months?
PNB currently has 5 locations. Name the 6th location that was closed.
What is Magnolia?
Name the regulation that requires you to disclose the cost of credit, including APR, before a loan is closed.
What is Reg Z TIL?
The shortest length you can open a CD for.
What is 15 days?
KYC
What is Know Your Customer?
Our Routing Number.
What is 065303124?
The charter the bank first applied for in 1985.
What is State Charter?
Customer breaks transactions up to stay under $10,000.
What is Structuring?
A Consumer Purpose Unsecured Loan is charged off after ___ days Past Due.
What is 90 days?
SDB
What is Safe Deposit Box?
The program that allows you to get more than $250,000 in FDIC Insurance.
What is CDARS?
The first building the bank ever built.
The bank is required to check our customers against this type of government list.
What is OFAC?
The formula to calculate the Per Diem on a 365/360 Day Interest Basis
What is multiply the Current Balance on the loan by the Interest Rate then divide that number by 360?