NOTICES of CHANGE IN TERMS

Regulation requires that the Bank provide 30-day advance Notice on certain changes in account terms. We may post this notice at our branch lobbies or provide the Notice within account statements or in a separate mailing. Notices posted at www.gibraltarbanknj.com shall serve as a prominently posted notice in an area accessible to the public and Bank customers and are intended to meet the 30-day advance notification of a material change in terms.

Each NOTICE posted includes the effective date, the date posted, and the change in terms. We may also include an explanation (wording will be in gray).

Effective, July 5, 2009, Posted June5, 2009 NOTICE: Red Carpet Checking Plus will be Tiered as follows:

$2,500.00 to $9,999.99 (lowest rate tier)
$10,000.00 to $49,999.99 (highest rate tier)
$50,000.00 to $74,999.99
$75,000.00 and above

Entire balance earns the rate of the Tier it falls in.

Tiering provides different rates for different balances. The entire balance in the account earns the rate of the Tier it falls within.

Effective, June 5, 2009, Posted May 1, 2009 NOTICE: Red Carpet Checking Plus will be Tiered as follows:

$2,500.00 to $9,999.99
$10,000.00 to $49,999.99
$50,000.00 to $74,999.99
$75,000.00 and above

Tiering provides different rates for different balances. The entire balance in the account earns the rate of the Tier it falls within.

Effective, February 27, 2009 and March 6, 2009, Posted March 6, 2009, NOTICE: The minimu deposit required to open the below listed accounts has been lowered. Minimum balance requirements to: accrue, earn APY, and for interest crediting remain the same and unchanged.:

Effective February 27, 2009

Now Accounts
$500.00 to $100.00

Minimum daily balance requirement to waive monthly account service fee is waived the first 30 days from account opening. If you open a NOW account with an initial deposit below the "minimum daily balance to waive monthly account service fee", you have 30 days from account opening to bring the account balance up to the "minimum daily balance to waive monthly account service fee" and a this fee will not be charged during this period.

Red Carpet Now Checking Accounts
$1,000.00 to $500.00

Red Carpet Now Checking PLUS Accounts
$2,500.00 new money to $1,000.00 new money

Effective March 6, 2009

Passbook Savings
$100.00 to $50.00

The above were implemented without advance notice as they are to the benefit of the customer.

Effective, September 26, 2008 and October 2, 2008, Posted October 6, 2008, NOTICE: The following tiering has been implemented in addition to those disclosed 8/12/08 and 8/21/08:

Effective September 26, 2008

Now Accounts
$500.00 to $2,499.99
$2,500.00 to $24,999.99
$25,000.00 and above

Effective, October 2, 2008

Passbook Savings
$100.00 to $999.99
$1,000.00 and above

Statement Savings
$200.00 to $2,499.99
$2,500.00 and above

The above were implemented without advance notice as they are to the benefit of the customer.

Why the additional change in tiering?

On the savings accounts, we lowered the qualifying tier for the higher rate. Regular passbook and statement savings customers now start earning a higher interest rate at a lower balance.

On the NOW account, we brought it in line with our three tier approach for interest checking. The middle tier pays the highest rate on the product. While we will continue to pay competitive rates on these products, we hope to encourage depositors to place large funds in a product that has more limited external access to their monies. Funds in checking (transaction) accounts may be withdrawn via a Debit card (which we hand over to cashiers and waiters), ATM card (which can be skimmed), and/or verbally authorized drafts (which we more frequently provide on even phone purchases). While it may be convenient to keep your funds in one place, we recommend that depositors keep minimal excess funds on top of those required to cover their transactions.

Please take a moment to consider our savings and time deposit offerings!

Effective, September 15, 2008, Posted August 12, 2008, Corrected August 21, 2008*. NOTICE: The following accounts will be tiered:

Passbook Savings
$100.00 to $2,499.99
$2,500.00 and above

Red Carpet: Passbook and Statement Savings
$2,500.00 to $9,999.99
$10,000.00 to $49,999.99
$50,000.00 and above

Now Accounts
$500.00 to $2,499.99
$2,500.00 and above

Red Carpet Checking
$1,000.00 to $4,999.99
$5,000.00 to $24,999.99
$25,000.00 and above

Red Carpet Checking Plus
$2,500.00 to $9,999.99
$10,000.00 to $74,999.99
$75,000.00 to $99,999.99
$100,000.00 and above

* Correction from previously disclosed: Red Carpet Checking assigned lower tiers; and Red Carpet Checking Plus to which higher tiers were added.

What is Tiering and how does it affect me?

Tiering provides different rates for different balances. It allows us to set a higher rate for higher balances in your existing accounts. The entire balance earns the rate of the Tier it falls within. Using our current Statement Savings tiered account as an example (APYs as of 8/6/08): $200 to $4,999.99 yields 0.90%APY; $5,000 and up yields 1.30%APY. If your daily balance is $5,800.00, your APY for that day would be the daily periodic rate yielding the 1.30%APY on the entire $5,800.00.

Our current rate sheet already has the following tiered accounts: Statement Passbook, Red Carpet: Money Market and Money Market Plus.

Effective, April 7, 2008, Posted March 6, 2008. NOTICE: The Floor rate on deposit accounts will be 0.35%.

Affected accounts include: • Passbook Savings • Red Carpet Passbook Savings • Statement Savings • Now Accounts • Red Carpet Checking • Red Carpet Checking Plus • Money Market Accounts

Does this mean that on April 7, 2008, my rate on these accounts will be 0.35%?

No. The Bank sets its rates to keep in line with market rates while remaining competitive. As of April 7, 2008, Gibraltar may offer an interest rate on any of these accounts as low as 0.35%, the floor rate. The actual rate offered on these accounts may be higher, but not lower, and may change daily, as determined by market conditions. Please refer to our published rate sheet available at the branch offices and at www.gibraltarbanknj.com to review the current interest rate on your account(s).