CITIZENS BUSINESS BANK - NEW ACCOUNT INFORMATION
Main Contact: Tim Noone
August 6, 2008
I. Basic Information:
Monthly base cost for Trust account will be $50.00
NO General account will be required. Citizens Business Bank will establish an ACH debit to their existing business general account for the Trust account fees.
Outgoing wires fees charged at $25.00
All fees charged to the General Account
Positive Pay for Trust account is included Daily recon (BAI files) for Trust Account included
ACH Debit block for Trust account included
Citizens Business Bank will cover the cost of the initial order of laser security checks (250)

II. Opening Requirements:
Completed Citizens Business Bank worksheet (copy attached)
Fax completed worksheet and the following documentation to number specified on worksheet:
o Articles of Incorporation
o Corporate Statement of Information (if available)
o DBA filing if applicable *within 5 years*
o Proof of publication for DBA
o Copy of Broker's License
o DRE/DOC Website printout and Broker application
o Completed W-9
o (Note: Deposits accepted after 8/18/08)

III. Additional Information:
Citizens Business Bank is working with Virtual Escrow™ Technology to initiate an outgoing wire transfer via direct file transmission in the near future. Until such time as that phase is complete, all users will continue with the wire procedure as normal faxing it to the wire department at Citizens Business Bank.
Fee transfers will no longer be required, however if the broker elects to continue to utilize the transfer that is also possible for any amount up to the full escrow fee. The difference will be that the transfer will no longer alert, the broker will need to request the check for the fee account to deposit to their general account.
Exceptions will need to be authorized with the Virtual Unit at Citizens Business Bank.

IV. Converting an Existing Mellon account to Citizens Business Bank:
If the account in question is with Mellon and on the Daily recon the switch will be relatively easy.
Please review the account for any stale dated items. Any exceptions must be cleared prior to conversion
All paperwork specified in opening requirements will still be required.
Once confirmation has been received that the account has been opened please contact our office; we will assist you with the conversion.
New installation/broker code WILL NOT BE NECESSARY.