Notice to all Commercial Customers

In 2006, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA), which prohibits anyone in the business of betting or wagering (as defined by the act) from knowingly accepting payments in connection with unlawful Internet gambling, including payments made through credit cards, electronic funds transfers, and checks. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act. Banks are required to comply with the Act beginning June 1, 2010. The Department of Treasury and the Federal Reserve Board require all banks to notify our business customers of this regulation. In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, we are required to inform you that restricted transactions are prohibited from being processed through any Patriot State Bank account or relationship. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful Internet gambling. Please contact your local bank regarding questions about this or other disclosures.

Patriot State Bank
210 North Main Street
PO Box 1839
Fuquay-Varina, NC 27526