Deposit ProductsFirstSweep Account

* A Repurchase Agreement, or Repo, is an ownership interest in certain federal securities which First National Bank will repurchase from you on the next business day for a fixed amount. Your repo is backed by collateral that consists of securities issued by or guaranteed by the US government or government-sponsored enterprises. The market value or the security will be equivalent to the dollar amount of your investment. Repurchase Agreements are not deposits of the bank and are not insured by the federal government or the Federal Deposit Insurance Corporation. In the event that the bank was unable to pay the repurchase agreement on its due date, you would be a secured creditor of the bank. If the value of the collateral should fall below the total amount due on repurchase agreements, you would be a general unsecured creditor of the bank as to your portion of this difference.

† Commercial paper is issued by First National Credit Card Corporation (FNCCC) and is utilized to fund the credit card loans of Infibank, a member of the First National of Nebraska, Inc (FNNI) company. Commercial paper is a short-term, unsecured promissory note used by corporations and finance companies to raise short-term working capital. Commercial paper is issued by FNCCC and is utilized to fund First National Bank’s credit card loans. It is rated A1 by Standard & Poor and P1 by Moody. The commercial paper is not an obligation of First National Bank or any other bank and is not insured by the Federal Deposit Insurance Corporation.

** If the amount of the deficit in your transaction account exceeds the balance of the FirstSweep and/or Line of Credit (LOC), a legitimate overdraft will occur and your account will be subject to standard overdraft policies and fees.