DEPOSIT ACCOUNT AGREEMENT AND DISCLOSURE
(Effective October 31, 2016)
Welcome to Provident Bank, and thank you for opening an account.
This Deposit Account Agreement and Disclosure, together with applicable schedules and disclosures, including our Schedule of Fees and rate disclosures (Agreement)
is designed to provide information on the services available to you. It is our disclosure brochure and part of the contract between you and us. It outlines important
items and conditions which apply to your deposit account(s).
When you open your account with us, whether in person or by other means, you and your authorized signers are agreeing to the terms and conditions of this Agreement,
applicable federal and state laws and regulations, and the Bank’s by-laws, regulations, policies and practices. This Agreement supersedes all previous Agreements. Your
use of an account or service, including deposits, withdrawals, balance inquiries or otherwise, will be deemed to confirm your agreement to the terms and conditions of this
Agreement. Unless we have agreed in writing to perform special services for you outside the scope of this Agreement, our relationship with you is that of debtor and
creditor; no fiduciary, quasi-fiduciary, or special relationship exists between us. We may rely on the information that you give us and enter it into our records until
you notify us in writing of a change. The contact number(s) provided by you can be used for any and all business with the Bank. Please read this Agreement carefully and
keep it for your records.
NOTE THAT THIS AGREEMENT INCLUDES IMPORTANT CONSUMER DISCLOSURES, INCLUDING DISCLOSURES PROVIDED PURSUANT TO THE ELECTRONIC FUNDS TRANSFER
ACT AND THE EXPEDITED FUNDS AVAILABILITY ACT.
Throughout this Agreement, the words “you,” “your,” and “yours” refer to the account owner or owners. The words “Provident Bank,” “Bank”, “we,” “us,” and “our” refer
to Provident Savings Bank, F.S.B. Except to the extent otherwise defined herein, the term “commercial account” shall mean an account that is not primarily established for
personal, family or household purposes. The term “consumer account” shall mean an account that is established primarily for personal, family or household purposes. The
word “item” as used in this Agreement includes a check, draft, demand draft, preauthorized draft, or other order or instruction for the payment, transfer, or withdrawal
of funds including a withdrawal slip, deposit slip/adjustment, automatic transfers, electronic transactions, and miscellaneous charges to your account. An item also means
any other document created or authorized in your name that would be a check or draft but for the fact that it has not been signed. Except to the extent otherwise indicated
in this Agreement, the term “may” shall mean that you authorize us to take action or not to take action, at our sole discretion without resulting liability to you.