15-0522_AMERINATIONAL COMMUNITY SERVICES, INC_Letter from AmerinationalWA AMERINATIONAL
SZII COMMUNITY SERVICES, INC.
May 22, 2015
Ayako Rautcrkus
Development Services Dept.
City or San Juan Capistrano
32400 Paseo Adelanto
San Jaaii CapiSLraiiu. CA 9267o
RE: Notification of Change in Shareholder
Dear Ayako.
I am pleased to announce that on May 29, 2015, O'Brien-Stalcy Partners ("OSP") will be
purchasing 100% oi' the common stock of AmeriNational Community Services
("AmeriNational") from American Bank of St. Paul ("American Bank"). As AmeriNationaPs
new sole common shareholder, OSP looks to support AmeriNationaPs continued growth and
success providing loan underwriting, servicing and compliance monitoring services nationwide.
7'his stockholder change will not impact our staiPing, locations, processes or procedures. It will,
however, necessitate a change in the handling of our funds disbursement services for you. This
service is currently delivered through our parent company American Bank. In connection with
our separation from American Bank, wc have had to evaluate our continued ability to provide
this scTwice, and have determined that vvc will need to dis-cngage from this service offering.
We would like to introduce you to a new provider for this service, Parmers Staie Bank of
Hartland, MN ("fSB"). PSB is well-known to AmeriNational, as their CHO was previously a
senior officer in an AmeriNational afiilialed company. In addition to continuing to provide the
services you currently receive, PSB will be offering several new advantages to the service
including:
• Online Banking access to view account balances, upon request
• Cutoff time for processing requests same day expanded to 12:00pm Centra! Time
With your permission, we will work with FSB to provide you more information about their
services and to transition your accounts and services to them over the next ninety (90) days.
Separate from this letter, you will receive notification of our intent to discontinue thai portion of
our contracted services with you, along with an amendment to transfer such services to FSB.
-eBV'r
(888) 263-7628 • (507) 377-6030 • Fax: (562) 745-1281 - 217 8. Newton Ave. Albert Lea. MN 56007 • www.ameriiiational.nel
Quality Through Innovation and Experience
*M AMERINATIONAL
Znt COMMUNITY SERVICES, INC.
You will find that FSB's attention to customer satisfaction and engagement is top notch. But,
should you prefer to not continue the work with FSB, we can assist you with transferring your
accounts to another provider of your choice. Under either course, we will work closely with
you to minimize any inconvenience.
Related to our other ongoing services with you, the team at AmeriNational will continue to
manage the operations to best meet our mutual goals, providing quality services for you, our
valued client. The few other changes that result from this transaction include;
• In the near future, we will begin operating under a DBA name for most of our business.
Tilts change i^ necessary iu comply with stale licensing laws that restrict the use of tlie
word "National" in a loan-related business not afliliated with a national bank. You and
your borrowers will receive a letter from us with more information once the DBA name
has been finalized.
• Wc are in the process of changing insurance carriers, and you will be receiving updated
insurance certificates.
This transaction is not changing our corporate organization, and therefore does not trigger a need
for a contract assignment other than for the funds disbursement transfer. However, if you have
questions on the contract in place, I would be happy to talk with you further and provide you any
additional documentation you might require.
Alongside OSP, the management of AmeriNational remains committed to growing our services
within the affordable housing and economic development arenas, with unwavering commitment
to our vision, to "Partner with others to increase and preserve the availability and quality of
affordable housing and economic development opportunities nationwide. "
I want to take this time to personally thank you for your business with AmeriNational. As strong
as our new ownership and team of staff members arc, our success is only defined through the
success achieved by our clients. I would be happy to talk with you funher about this transaction,
or about any other questions you have. Please feel free to contact me directly at 866-779-5545 or
via email at athorsonfaiamerinational.net, at your convenience.
Sincerely,
Adrienne Thorson
Chairperson, CEO/CFO
(888) 263-7628'(507) 377-6030 • Fax: (562) 745-1281 • 217 S. Newton Ave., Albert Lea. MN 56007 • www.amerinationaI.net
Quality Through Innovation and Experience