The Trust Department for Citizens Bank & Trust Company provides the services listed below. Questions or Inquires may be made to the trust department. The offices are located at 10 West Main Street in the Colston Building and the phone number is (580) 220-2750.

Citizens Bank & Trust Company, a state banking organization with trust powers and with its principal place of business in Ardmore, Oklahoma, serves in the following ways:

• Estate Settlement Services: Serves as Personal Representative* of decedents' estates with or without a valid Oklahoma Will.
• Personal Trust Services:Although Citizens Bank & Trust Company cannot prepare legal documents such as trusts and wills, we can explain in detail how trusts are managed and administered by professional fiduciaries. We can also provide the customer with helpful information and checklists regarding the process of planning an estate.
• Investment Services By opening an Investment Management Account with a simple letter agreement, customers can receive investment recommendations and supervision for fixed income and equity securities from experienced investment professionals without the prospect of a sales commission influencing the advice. Securities trades can be directed to specified brokers or executed through brokers selected by the Bank. Discount brokers are available when preferred. All trades are permanently recorded in our customer-friendly statements and all securities are listed with cost and market value figures side-by-side for easy comparison.
• Securities Custody Services:Custody accounts are easily opened with a simple letter agreements and, once opened, the account can hold securities, cash, or a combination of both. Purchases and sales are made at the customer's direction and the accounts are designed for individuals or organizations that wish to make their own investment decision. Securities trades can be directed to specified brokers or executed through brokers selected by the Bank. Discount brokers are available when preferred. All trades are permanently recorded in customer-friendly statements and all securities are listed with cost and market value figures side-by-side for easy comparison.
• Dividends, interest, and other receipts (such as oil and gas royalties) are collected and deposited to the account on a daily basis and all transactions appear in detail in statements. At the end of the year, income tax statements summarizing all taxable transactions are automatically forwarded to the customer's preferred mailing address.
• Accumulated income can be reinvested, remitted to the customer, or credited to an account of the customer's choice. All securities and cash in the account are held by the Bank for safekeeping and are subject to examination and audit on a regular basis.
• Retirement & IRA Services: Offers a wide variety of retirement services including, but not limited to, profit-sharing plans, 401k plans, money purchase pension plans, and self-directed Individual Retirement Accounts.

*In Oklahoma, the term "Personal Representative" has now replaced the terms "Executor," "Executrix," "Administrator," and "Administratrix."

Services include the collection and security of assets, collection of income, payment of valid claims, filing of income and estate tax returns, complete record keeping of transactions and assets during administration, and distribution of estate assets. All services are provided pursuant of Oklahoma statutes and under the supervision of the District Court located in the proper county for administration of the decedent's estate.

Because fees for Personal Representatives' services are fixed by statute in the State of Oklahoma, the services of a professional fiduciary are available at no greater cost than that of a family member. The settlement of an estate by an experienced and independent fiduciary can be a most valuable service to any family.

Services include the safekeeping and investment of trust assets, collection and distribution of trust income, management of real estate and minerals, accurate and timely reporting of trust transactions and assets, fiduciary tax compliance, and private financial counseling with trust beneficiaries. All services are personally performed by Trust Department personnel (see Trust Personnel) in a competent, efficient, economical, and confidential manner. All services are subject to examination by external auditors and bank examiners on a regular, recurring basis.

Although Citizens Bank & Trust Company cannot prepare legal documents such as trusts and wills, we can explain in detail how trusts are managed and administered by professional fiduciaries. We can also provide you with helpful information and checklists regarding the process of planning your estate.

By opening an Investment Management Account with our simple letter agreement, customers can receive investment recommendations and supervision for fixed income and equity securities from experienced investment professionals without the prospect of a sales commission influencing the advice. Securities trades can be directed to specified brokers or executed through brokers selected by the Bank. Discount brokers are available when preferred. All trades are permanently recorded in our customer-friendly statements and all securities are listed with cost and market value figures side-by-side for easy comparison.

Dividends, interest, and other receipts (such as oil and gas royalties) are collected and deposited to the account on a daily basis and all transactions appear in detail in our statements. At the end of the year, income tax statements summarizing all taxable transactions are automatically forwarded to the customer's preferred mailing address.

Accumulated income can be reinvested, remitted to the customer or credited to an account of the customer's choice. All securities and cash in the account are held by the Bank for safekeeping and are subject to examination and audit on a regular basis.

Custody accounts are easily opened with one of our simple letter agreements and, once opened, the account can hold securities, cash, or a combination of both. Purchases and sales are made at the customer's direction and the accounts are designed for individuals or organizations that wish to make their own investment decision. Securities trades can be directed to specified brokers or executed through brokers selected by the Bank. Discount brokers are available when preferred. All trades are permanently recorded in our customer-friendly statements and all securities are listed with cost and market value figures side-by-side for easy comparison.

Dividends, interest, and other receipts (such as oil and gas royalties) are collected and deposited to the account on a daily basis and all transactions appear in detail in our statements. At the end of the year, income tax statements summarizing all taxable transactions are automatically forwarded to the customer's preferred mailing address.

Accumulated income can be reinvested, remitted to the customer, or credited to an account of the customer's choice. All securities and cash in the account are held by the Bank for safekeeping and are subject to examination and audit on a regular basis.

For corporations or self-employed individuals, a qualified retirement plan represents one of the last remaining income tax shelters that benefits businesses and employees alike. Citizens Bank & Trust Company offers profit-sharing, 401k, and money purchase pension plans that are already qualified with the Internal Revenue Service and adoption of a plan is as simple as answering a series of questions contained in an adoption agreement.

Once the plan is established, the Bank provides full investment and record-keeping services for participants and the employer. Contributions to the plan can be permitted for the employer and employees under many different arrangements. Most contributions are tax-deductible and all earnings in the plan are deferred.

At the end of each year (or more frequently if the employer desires), participant statements and certificates are printed showing each participant's share of the plan's assets. A properly designed retirement plan can provide an enjoyable retirement for owners and employees as well as significant income tax benefits for companies and self-employed individuals.

The Bank offers self-directed IRAs for those individuals that wish to select their own investments. These accounts are particularly well-suited for individuals receiving lump-sum distributions from corporate retirement plans due to the tax-deferred "rollover" treatment afforded those distributions.

All self-directed IRAs receive services similar to securities custody accounts which are discussed elsewhere under Trust Services (see the "Securities Custody Services" section, herein).

• Are NOT Citizens Bank & Trust Company deposit accounts.
• Are NOT obligations of or guaranteed by any Bank, Citizens Bank & Trust Company, or any subsidiary or affliate.
• Are NOT insured or guaranteed by the FDIC or any other govermental agency. Can involve risks, including possible loss of principal amount invested.