"The Bank has established credit lines with other financial institutions
to purchase up to $5.0 million in federal funds.
As a member of the Federal Home Loan Bank of Atlanta,
the Bank may obtain secured advances up to 30% of its unencumbered assets.
As of December 31, 2009, the Bank’s borrowings
consisted of $12.0 million of Federal Home Loan Bank advances.
The Bank is also eligible
to borrow from the Federal Reserve Bank of Richmond based upon asset size.
As of December 31, 2009,
the Bank had $5.0 million outstanding through the Federal Reserve Bank
with one 42-day term advance.
...The Bank also has an available line of credit with the Federal Reserve Bank
totaling $20,529,510
...As of December 31, 2009, the Bank had $5,000,000 outstanding
maturing on January 14, 2010 with an interest rate of 0.25%
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.
UNION BANK & TRUST COMPANY
Registrant By: /s/ Thomas M. Combs
President & CEO
Date: March 26, 2010
while not disclosing material information?
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Thomas M. Combs, certify that:
...Based on my knowledge,
this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made,
in light of the circumstances under which such statements were made,
not misleading with respect to the period covered by this report;
Thank you for calling into the Wells Fargo
3. Based on my knowledge, the financial statements,
and other financial information included in this report,
fairly present in all material respects the financial condition...
5. The Registrant’s other certifying officer and I have disclosed,
based on our most recent evaluation of internal control over financial reporting,
to the Registrant’s auditors and the audit committee
of the Registrant’s board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the Registrant’s ability to record,
process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees
who have a significant role in the Registrant’s internal control over financial reporting.
Thomas M. Combs
President and Chief Executive Officer
Date: March 26, 2010 By: /s/ Thomas M. Combs
1 comment:
No one seems to be paying attention to your posts, George.
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