Website Terms and Conditions

All information on this website is protected under the copyright laws of the United States of America and in other countries. Unless otherwise specified in writing, no one has permission to copy or republish, in any form, any information found on this site.

Disclaimer
Any person is hereby authorized to view the information available from this website for informational purposes only. No part of the information on this website may be redistributed, copied, or reproduced without the prior written consent of Centric Bank.

Limitation of Warranties
This information is provided “as is” without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

References to corporations, their services and products, are provided “as is” without warranty of any kind, either expressed or implied. In no event shall Centric Bank be liable for any special, incidental, indirect, or consequential damages of any kind or any damage whatsoever including any damages resulting from loss of use, data, or profits, regardless of whether advised of the possibility of damage, and on any theory of liability, arising out of or in connections with the use or performance of this information.

Centric Bank does not endorse any links to or from this website.

Descriptions of, or references to, products, services, or publications within Centric Bank’s website does not imply endorsement or approval of that product, service or publication.
Centric Bank makes no warranty of any kind with respect to the subject matter included
herein, the products listed herein, or the completeness or accuracy of the information,
implied or otherwise, including without limitation, all warranties of merchantability and
fitness for a particular purpose.

This electronic publication could include unintentional technical inaccuracies or typographical errors. Changes may be made at any time to the information herein without prior notice.

Excessive and Luxury Expenditure Policy

This policy fulfills the requirements under the American Recovery and Reinvestment Act of 2009 (ARRA) enacted February 17, 2009.  ARRA requires each recipient of funds under the United States Capital Purchase Program (CPP) to have in place a company-wide policy regarding excessive or luxury expenditures, as identified by the Secretary of the Department of the Treasury.

Centric Financial Corporation and its subsidiary (collectively the “Bank”) prohibits excessive or luxury expenditures on entertainment and events, office or facility renovations, aviation or other transportation services or other similar items, activities or events that are not reasonable expenditures for staff/director development, conferences, reasonable performance incentives, or other similar measure conducted in the normal course of business operations.

Renovations
Renovations of facilities and office spaces should be relative to the strategic plan, except in the case of an emergency situation such as an act of nature and the expenditure is necessary to make the facility operational for business use.  All proposed office and facility renovations with a cost exceeding $25,000 must be pre-approved by the Chief Executive Officer, any expenditure above $25,000 must be pre-approved by the Board of Directors.

Entertainment
Entertainment is defined as an activity that an employee would use corporate funds for business development purposes relating to a current or prospective customer(s), or to further enhance the Bank’s marketing efforts.
Our expectation is that all expenses incurred to the Bank would be for company purposes and used to drive business to the Bank.  Customary entertainment expenses such as taking current or prospective customers to lunch, dinner or other events are a normal and necessary part of the Bank’s business development and marketing efforts and not deemed as luxury and are not subject to this policy. 

Conferences
We feel the education of our staff is essential to the Bank.  We encourage our staff to participate in appropriate educational opportunities that are related to the financial services industry and have a direct correlation to their jobs.  Expenses for conferences must be approved by the Chief Executive Officer prior to registration. 
Board education is an important part of maintaining a dynamic director base.  This policy should not limit a retreat that is focused on strategic planning or education. 

Employee Events
Employee events are part of an employee appreciation process.  These events should be local in geographic nature, and costs should be reasonable and be in line with the annual budget.

Aviation or other Transportation Services
Transportation for employees, including conferences, business development purposes, and merger and acquisition research, should be conducted in the most cost appropriate way for the Bank.  Modes of transportation will factor in cost, efficiency and timeliness of travel. 

Other Policies and Procedures
All expenses to which the Bank’s Accounts Payable Policy does not apply or not specifically addressed in this policy shall be approved by the Chief Executive Officer prior to making the expenditure.

Administration
The day-to-day administration of this policy shall be the responsibility of the Chief Financial Officer.

Violations
Any individual who violates this policy or knows of any such violation must report the violation to the Chief Executive Officer or the Chief Financial Officer.  Any violation of this policy may result in disciplinary action up to and including termination of employment.

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Centric Bank
Member FDIC
Equal Housing Lender