Cash Management Sweep Account
a.k.a. "Repo Sweep"

Customer Profile
This account is designed for the commercial, for profit customer with six-figure balances or more who can benefit from automatic cash management services.

Features
The monies in the Repurchase "Repo" account are secured by First National Bank of Central Florida's ("FNB") assignment of specific U.S. government or U.S. government agency securities and FNB guarantees purchaser will receive the purchase price plus accrued interest at the date of purchase; the retail repo is an obligation of FNB and the underlying security serves as collateral. The repo account earns a premium rate of interest on collected balances and provides the customer with daily liquidity.

The Sweep Account is comprised of two accounts that are linked to form one. These accounts are:

1. PRIMARY ACCOUNT: Serves as the Company's deposit and disbursement account for the payment of corporate obligations and payroll (if desired). This account is FDIC insured.

   Option 1: A target balance is established whereby all collected funds in excess of the target are electronically transferred into the Repo Sweep account to earn interest. Funds are electronically transferred from the Repo Sweep to maintain the target balance and pay checks being presented. The collected funds maintained in this account will not earn interest but instead an earnings credit used to offset service activity fees. The target balance may have to be increased or decreased if activity volume changes.

   Option 2: Establish the target balance in the primary account at $ 0 (referred as a Zero Balance Account or "ZBA"). This allows 100% of the collected funds to earn interest in the Repo Sweep account. However, because no non-interest bearing balances are maintained to offset the service activity fees, a monthly debit for these fees will occur. This option is recommended because it works more efficiently than option 1 (the target balance doesn't have to be adjusted) and the net result (interest income less service fees) is greater interest income to the customer.

2. REPO SWEEP ACCOUNT: The rate of interest paid on Repos is based on the prior month’s average of the three month U.S. Treasury Bill Auctions, less basis points as determined at the sole discretion of bank, adjusted monthly.

NOTE: The Repo Sweep is NOT FDIC insured but secured by First National Bank's assignment of specific U.S. government or U.S. government agency securities.