• Checking Accounts
• Savings & Investment Accounts
• Business Accounts & Services
• Trust Department Services
• Installment Loans
• Home Mortgage Loans
• Individual Retirement Accounts
• IRA Rollovers
  
• Rates
  
• 24Hour Phone Banking
  

Apollo Trust Company hasn't forgotten. As the area's only independent community bank, Apollo Trust Company remembers what it takes to keep our checking account customers happy.

Special Checking Account
They say the best things in life are free. And if you are an Apollo Trust Company customer, so is your checking. Apollo Trust Company offers an easy and affordable Special Checking Account with no minimum balance and no monthly maintenance fees if you buy your checks from Apollo Trust Company. You can open your account by depositing just $25.00.

Regular Checking Account
Checks may be purchased from an outside vendor. A monthly service fee may apply. You can open your account by depositing just $25.00

NOW Checking Accounts
Apollo Trust Company's NOW Checking Account is an interest bearing account that requires just a $1,000 minimum balance. Some service fees may apply.

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Since 1871, however, one bank has been there to help folks like you to weather life's little storms, meet your long and short-term financial goals, and still have enough left over to put a silver lining in your golden years.

Apollo Trust Company, with our expert financial staff and impressive array of savings and investment options; help thousands of local people brighten their financial forecasts. Let us help you make intelligent decisions about the future of your money today.

Statement Savings Accounts
Apollo Trust Company traditionally has the area's highest rate of return on statement savings accounts. Interest is compounded daily, and just $25.00 is required to open an account.

Certificates of Deposit
Watch your money grow in a Certificate of Deposit from Apollo Trust Company. These flexible investments allow you to capitalize on higher interest rates for long or short-term growth. You must deposit at least $2,500 to open a certificate of deposit with a term of less than one year; $500 to open a certificate of deposit with a term of one year or greater.

Money Market Accounts
For a convenient, flexible investment with solid returns and easy access to your funds, look into a Money Market Account. Apollo Trust Company offers competitive rates on our Money Market Account. A minimum daily balance of $1,000 is required; transaction limits apply.

Christmas Club Accounts
Apollo Trust Company Christmas Clubs can help to take the stress away from the holidays. Deposit from $2 to $20 a week for 49 weeks and Apollo Trust Company will pay the 50th week for you.

Individual Retirement Accounts (IRA)
You'll need more than a gold watch and a set of golf clubs when you retire - you'll need money, maybe more than you think. If you are a wage earner under 70.5 years of age, you qualify for a tax-deferred Individual Retirement Account which will let you put away up to $3,000 per year for retirement.

There's No Business Like Your Business ...
…and there's no bank that serves your business quite like Apollo Trust Company.

Apollo Trust Company has been a valuable partner to local business and industry for more than 125 years. We offer commercial accounts and a full range of services. As your partner for progress, Apollo Trust Company works with you to meet your business' unique, ever changing needs. That's what hometown community banking is all about - and that's what will make all the difference for you.

Business Checking Accounts
Apollo Trust Company offers business checking accounts tailored to your individual needs, with a variety of services including preauthorized payment options, direct deposit, wire transfers, night deposits, debit card options, image statements and business loans.

Business Loans
Apollo Trust Company will help your business grow by providing a wide range of commercial loans including:

• Revolving lines of credit
  In the business world, sometimes you need extra cash, and you need it fast. With an Apollo Trust Company line of credit you can get your hands on the money you need quickly, without delays or hassles.
  
  
• Time, Term and Demand notes
  Whether you need money for short-term ventures or long-term commitments, Apollo Trust Company has a loan that will meet your needs.
  
  
• Real Estate secured loans
  Apollo Trust Company offers both fixed rate and variable rate commercial real estate loans. When the time comes to purchase, expand, or refinance, we are there to help you.

Image Statements
Apollo Trust Company helps you cut through your monthly paperwork with the record keeping and storage convenience of our Image Statements.

Direct Deposit Services
Why take time from your busy workday to make a special trip to the bank when you can automatically deposit your payroll, retirement planning, dividend or other payments into your account(s). You can keep track of all your direct deposit transactions on your monthly statements or via the Phone Banking or Internet Banking system.

ATM Services/MasterCard® Debit Cards
Enjoy the 24-hour convenience of Apollo Trust Company's ATM machines. Apollo Trust Company customers are not charged for ATM transactions at Apollo Trust Company machines. Transactions at other ATM's may incur charges for deposits and withdrawals.

The MasterCard® Debit Card from Apollo Trust Company gives you all the convenience of a major credit card, without the fees and finance charges of a credit card. Each purchase you make with the debit card is taken directly out of your Apollo Trust Company checking account. It also works at the ATM.

Safe Deposit Boxes
Apollo Trust Company offers customers the convenience and security of safety deposit boxes. They are available at our Main Office, North Apollo Office, North Washington Office and the Allegheny Township Office. Cost varies by box size.

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Working to Earn Your Trust

Apollo Trust Company is available to help you pursue your financial goals. We have the experience and expertise to provide a range of financial services to help our customers provide for their financial security both presently and in the future. The long standing confidence invested in us by our clients who have utilized our estate planning and asset management services is demonstrated by the total volume of assets under management which is currently at $22 million.

Services offered through our Trust Department include:

• Estate planning
• Investment management
• Individual retirement accounts
• Trusts
  

As a vital part of a community bank, the professionals in our Trust Department are not only skilled in finding the services that are right for you, but they also take the extra time to explain and help you thoroughly understand the important details of these services.

To obtain additional information about our services and how they can meet your planning and investment needs, please contact Melissa L. Walker at (724) 478-3151 extension #223. We welcome the opportunity to become better acquainted and assist you in pursuing your financial goals.


** There is no obligation for any consultation.

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• Revolving lines of credit: In the business world, sometimes you need extra cash, and you need it fast. With an Apollo Trust Company line of credit you can get your hands on the money you need quickly, without delays or hassles.
  
  
• Time, Term and Demand notes: Whether you need money for short-term ventures or long-term commitments, Apollo Trust Company has a loan that will meet your needs.
  
  
• Real Estate secured loans: Apollo Trust Company offers both fixed rate and variable rate commercial real estate loans. When the time comes to purchase, expand, or refinance, we are there to help you.

Most loans give customers the option of having monthly loan payment deductions taken from their Apollo Trust checking or savings account. Whatever your lending needs may be, Apollo Trust Company has a loan that will suit you.

Applications are available at the Main Office, North Apollo, North Washington, and Allegheny Township branch offices. If you have any questions regarding the loans we offer, simply call the Loan Department at (724) 478-3151.

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Buying a new home is a big investment. That's why it pays to get good advice and assistance from neighbors you can trust, like the Mortgage Department at Apollo Trust Company. As the Kiski Valley's only independent community bank, we understand the special needs of local homeowners. Mortgage decisions are made locally, not in a corporate center in another city or state. We'll turn your loan request around quickly, at a competitive rate that won't put your monthly mortgage payments through the roof.

Whether you're a first-time buyer or an established home owner interested in refinancing or home improvements - Apollo Trust Company has a financing option that is just right for your needs. We also offer revolving lines of credit for quick and easy access to funds.

Fixed Rate Mortgages
Apollo Trust Company offers competitive fixed rate interest rates for the purchase of new homes, second mortgages, home improvements and other purposes. Fixed rate mortgages, or loans in which your interest rate remains the same for the life of the loan, make it easier for families to construct long term budgets.

Home Equity Line of Credit
With our revolving home equity line of credit, the interest rate may be adjusted periodically. The rate will never increase more than 1% during any adjustment period.

Loan Application
Apollo Trust mortgage loan applications are available at the Main office and the Allegheny Township office.

Please call Amy Shupe, Mortgage Loan Officer, to answer any of your questions on mortgage loans at Apollo Trust Company (724) 478-3151, Ext. 212.

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• Traditional IRA's (no fee),
• Self Directed IRA's ($100 annually through the Trust Dept.)
• Roth IRA's (traditional or self directed)

The IRA Advantage
The primary benefit of an IRA is that it allows you to enjoy tax-deferred earnings on contributions made to the account, and in some cases a tax deduction. But because IRA's are special accounts designed for retirement savings, certain rules apply in regard to withdrawing assets. 

Taxes on IRA Withdrawals
Money withdrawn from an IRA account is taxable as income unless nondeductible contributions are made. In this case, a portion of a distribution representing a return of those nondeductible deposits will not be taxed. Your advisor can help you structure your IRA account to include nondeductible contributions, and assist you in computing the taxable portion of your distribution.

Withdrawals before age 59.5
IRA accounts, by design, discourage you from making withdrawals before you reach a certain age. Generally, money taken out of your IRA before you reach age 59.5 is called an early distribution. The taxable portion of an early distribution is generally subject to a 10% penalty tax.

Exceptions to the Early Distribution Penalty
The 10% early distribution penalty does not apply to distributions withdrawn due to the IRA holder's death or disability. Also, withdrawals before age 59.5 that are a scheduled series of substantially equal periodic payments are not subject to this penalty. 

Withdrawals between age 59.5 and 70.5
After you reach age 59.5 you may withdraw money from your IRA account as you wish without IRS penalty. However, all amounts withdrawn are subject to income tax unless you have made nondeductible contributions.

Withdrawals after age 70.5
IRA funds are tax-deferred, but not indefinitely. Therefore, you are required to begin taking IRA withdrawals by April 1 following the year in which you reach the age of 70.5. At this time, you must withdraw a minimum amount from your IRA each year. Although you may withdraw more than the minimum amount, any withdrawal amount exceeding the minimum cannot be carried over to the next year to reduce that year's required distribution.

How Much Must You Withdraw?
Withdrawal amounts are based on three variables; your IRA balance, your life expectancy, and the life expectancy of your beneficiary (if you do not have a beneficiary named for your IRA, minimum distributions will be based on your life expectancy). Life expectancy is determined by IRS tables.

Beneficiaries
IRA accounts allow you the option of naming one or more beneficiaries, who upon your death would receive your IRA dollars. The primary factor that effects the distribution options available to your beneficiaries is your age at the time of your death.

If your spouse is the beneficiary, he or she may either elect to take distributions from your IRA account under one of the beneficiary options outlined below or, opt to treat your IRA as his or her own through an IRA rollover. A rollover is a transfer of funds from your IRA and into an IRA in your spouse's name. Beneficiaries who are not your spouse may not treat your IRA as their own.

Do I have to open a new IRA?
No, you may roll over assets from an existing IRA. You may, however, consider opening a separate conduit IRA specifically for the funds distributed from your employer-sponsored retirement plan.

What is a conduit IRA?
As a former plan participant, if you put an eligible rollover distribution into a conduit IRA and do not in any way combine those assets with any other assets, you retain the ability to eventually roll those assets into a new employer's plan. Check with your employer about the possibility of opening a conduit IRA. 


For more Information on IRA's, please contact Carolyn Bash at Ext. 231.

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• a participant in the qualified plan,
• a surviving spouse beneficiary of a deceased participant in the plan, or
• the recipient of your former spouse's retirement plan dollars due to a divorce agreement.

What rules apply for rollovers?
Basically, any distribution from a qualified plan may be rolled over into an IRA or into another qualified plan, unless the distribution is part of a series of substantially equal payments over the life (or life expectancy) of the participant and his/her beneficiary.

Distributions representing nontaxable assets or payouts required to be taken at age 70.5 are also not eligible for a rollover.

What is a Direct Rollover?
A direct rollover is the tax-free movement of retirement plan assets directly into the IRA of the person receiving the money. Under this arrangement, your retirement plan assets would be paid to Apollo Trust Company, for the benefit of your IRA, rather than you.

What are the advantages of a direct rollover?
The main advantage of a direct rollover is that it is always tax-free. In fact, a direct rollover is often the only way to avoid mandatory federal income withholdings on your retirement plan payout. Most eligible rollover distributions which are not directly rolled over into an IRA are subject to a mandatory 20% income tax withholding, income taxes and possibly early distribution penalties.

How do I conduct a direct rollover?
Before you receive a retirement plan payout, your employer is required to give you a notice explaining your payout options. One of these options is a direct rollover into an IRA.

We suggest that you meet with a tax advisor before coming to Apollo Trust Company to determine whether a direct rollover is the right choice for you and your needs. If it is, Apollo Trust Company will handle all the necessary arrangements for you.

Must I roll over everything I receive?
Although you are not required to roll over everything you receive, amounts not rolled over will be taxable to you for the year distributed from the retirement plan.

Also, if you're under 59.5 years of age, any taxable amounts not rolled over will be subject to a 10% early distribution penalty tax and 20% federal income tax withholding.

What if part of my distribution is shares of stock?
If you receive property, such as shares of stock, as part of a retirement plan distribution, you may roll the same property and roll the proceeds into the IRA. You cannot, however, keep the shares of stock and substitute your own cash for the rollover.

We suggest you discuss your options for the distribution of stock into a rollover with your employer or tax advisor.

What is the deadline for completing a rollover?
You must complete an IRA rollover with 60 days from when you receive your retirement plan distribution, unless your retirement plan administrator directly rolls dollars into your IRA.

Do I have to open a new IRA?
No, you may roll over assets from an existing IRA. You may, however, consider opening a separate conduit IRA specifically for the funds distributed from your employer-sponsored retirement plan.


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Apollo Trust Company's Phone Banking System is available 24 hours, 7 days a week for your convenience. You never have to worry about bank lobby hours or stopping at an ATM. If you are an Apollo Trust Company customer, just call 478-3474 day or night.

Enjoy the ease, convenience and security of automated banking by phone. Features and capabilities include:

• Access to account information, including current account balances.
• Transfer Funds (move money between checking, savings, money markets, etc.)
• Rate and product information.
• Cleared check inquiries (no more waiting for statements).
• Xpress Loan Calculator.
• Information on your CD, IRA and Money Market Accounts.
• Deposit and withdrawal history.
• P.I.N. security available for each account

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