° User-friendly’ product line helps new tax advantages The Dallas Post Dallas, PA Thursday, March 7, 2002 9 ~ bank build community bonds In 1910 a small group of Dun- more businessmen envisioned a bank for their community and founded the First National Bank of Dunmore. Over the past 90 years, the faces have changed but the vision of community banking has remained constant. The reason people say, “First National community Bank’s middle name is ... Community is because they know FNCB is dedicated to investing in their future.” “Northeastern Pennsylvania is FNCB’s home. It’s where our customers and employees live and work, where we build homes, start new businesses and raise our children,: stated Dave Lombardi, First National Com- munity Bank’s CEO. In 1988, the management of the bank displayed the same foresight as the founders and changed the bank’s name to First National Community Bank in anticipation of expansion be- yond the boundaries of Dun- more. Now as FNCB branches out to Daleville, Clarks Green, Back Mountain and Hanover Twp, its bank’s leaders, like their predecessors in- 1910, are local businessmen with estab- lished roots in Lackawanna and Luzerne counties and have great pride in the success of our re- gion. The bank’s strength comes from these local ties and FNCB plans to nurture these local rela- tionships as we continue to grow where we are planted. Recently the bank introduced FNCB BusinessOnline, an ex- tension of its successful Internet banking service specifically up- graded for business applications. With this service commercial accounts will have access to ac- counting information, pay bills and transfer funds through their own office computers 24 hours a ~_day, seven days a week. With FNCB Online customers have the convenience of online banking anytime, anywhere. This is a perfect way for people who don’t have time to get to the bank to have 24 hour, seven days a week access to the bank. With FNCB Online customers have the convenience of online banking anytime, anywhere. This is a perfect way for people who don’t have time to get to the bank to have 24 hour, seven days a week access to the bank. With FNCB Online customers can access account information as often as they like, pay bills, transfer funds, open new ac- counts, generate custom reports, and download transaction histo- ry into Money or Quicken pro- grams. Best of all there is no software to install and equipped with state-of-the-are security features. In addition, the bank has de- veloped one of the most com- prehensive employee direct de- posit programs in the region. FNCB direct deposit helps peo- ple stretch their paycheck with lots of added benefits like: free checking, no-fee check card, free personalized checks, over- draft protection, preferred inter- est rates on club accounts, free travelers checks, free safe de- posit boxes and interest rate dis- counts on loans. First National Community Bank also provides a full line of investment services such as fi- nancial planning, brokerage ser- vices, life insurance, estate plan- ning, annuities and free portfo- lio. . reviews. “As. . “baby boomers” age the need for fi- nancial security and investment strategies become more impor- tant than ever,” added Mr. Lom- bardi. To help make banking more accessible automated teller ma- chines were installed at each of Dave Lombardi Chief Executive Officer our new offices in Clarks Green, Daleville, Plains, Back Moun- tain, and Hanover Twp, with re- mote facilities installed at the Petro Truck Stop in Dupont, the Pit-Stop Emporium in Dalton and the Convenient Food Mart at 3021 North main Avenue, Scranton. Through FNCB’s ATM net- work, customers have the con- venience of 24-hour banking, seven days a week. First National Community Bank remains committed to the concept of community banking and the quality of service that is expected from hometown insti- tutions. The bank looks forward to future growth from relation- ships new and old, and eagerly awaits challenges the future has in store. First National Community Bank is headquartered in Dun- more, Pa. The bank currently operates 13 community offices in Dunmore, Scranton, Dickson City, Fashion Mall, Daleville, Clarks Green, Wilkes-Barre, Pittston, Kingston, = Exeter, Plains, Back Mountain, Hanover Twp. and coming soon to Nanti- coke. KNOW HOW To operate and grow your business you need a bank that has both the technology and people who will work harder for you. At FNCB our commercial banking division consistently offers the most competitive rates and best service in Northeast PA. Call us today and let us put our know how to work for you. “4 — A era el Ak aa The Tax Relief Act of 2001 pro- vides more than the rebate checks many of you received this past summer or fall. It includes provi- sions that could impact your finan- cial security, from college savings to retirement planning. | The act provides many tax bene- fits to individuals, including: -education savings incentives -tax rate reductions -increased IRA contribution limits -increased contribution limits on 401(k)s and other employer-spon- sored retirement plans -increased child tax credit -marriage penalty relief -reduced estate tax rates RETIREMENT PLANNING For the first time since 1981, the contribution limit to an individual retirement account (IRA) has changed. You now can make a $3,000 contribution (up from $2,000) to your Roth or traditional IRA. That figure will increase in- crementally until 2008, when the annual IRA contribution will be $5,000. After 2008, IRA contribu- tions will be adjusted in $500 in- crements annually for inflation. And if you are at least 50 years old, you may be able to make catch-up contributions to your IRA. Increasing your contributions means more security during retire- ment. An eligible married couple could contribute $7,000 in 2002. The new legislation also will in- crease the contribution limits on your 401(k) and other employer- sponsored retirement plans. COLLEGE SAVINGS Education IRAs have a new name — Coverdell education sav- ings accounts — and a new annual contribution limit of $2,000, up from $500. By maximizing your annual contribution, you’ll make that college savings fund grow faster. Qualified state tuition plans or 529 plans have become very popu- lar, and that popularity just may grow. Earnings are not taxed as they accumulate and significant amounts can be contributed. And as a result of this new legislation, earnings that were previously taxed can be withdrawn tax-free to pay for higher education expenses beginning in 2002. SMALL BUSINESS Another provision in this.sweep- ing legislation is the incentives given to small business owners looking to start company-spon- sored retirement plans for their em- ployees. Business owners with 100 or fewer employees can receive a tax credit of up to $500 — during each of the plan’s first three years — when establishing a new quali- fied retirement plan in 2002. Additionally, the $1.35 trillion tax-cut bill offers an increase in the child credit, provides marriage penalty relief, eliminates the death tax by 2010, and provides for both short- and long-term economic growth. To briefly recap, this new legis- lation helps Americans plan better for today and tomorrow. So re- member to take advantage of all the available tax incentives this new plan offers. FNCB COMMUNITY IS OUR MID [-877-TRY-ENCB / From left: James M. Bone, Jr., Senior Vice President, Brian C. Mahlstedt, Senior Vice President, Jerry A. Champi, Executive Vice President, J. David Lombardi, President and CEO, Salvatore A. Marchese, Senior Vice President, Thomas P. Tulaney, Executive Vice President, Joseph E. Bonsick, Senior Vice President me 2 =VAC Weamaw Basan Luodwey Luzerne 288-4511 onight, Dinner’s on the House (literally With Luzerne National Bank's Home Equity Line of Credit a lot more of your purchases can be on the house as well. You're line of credit can be up to 75% of your home's value*, while enjoying a low interest rate, no fees, and immediate availability with your debit card. On the house has never had so many possibilities! *75% of appraised value minus current mortgage amount(s). ~~ This is a variable rate loan. The current annual percentage rate is 5.75%. The maximum annual rate percentage will be the lesser of 18% or the maximum allowed by law. Plains 829-3900 Swoyersville 287-1141 Dallas 674-5442 Public Square 822-4211 LUZ E RINE NATIONAL BANK A Proud Past, A Promising Tomorrow
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