Medallion Signature Guarantee & Notary Services
Section Menu
Medallion Signature Guarantee
First National Bank provides the service of Medallion Signature Guarantee to our customers for the purpose of security transfers and sales. The transaction dollar limit for signature guarantee service is $250,000 per transaction.
A $40 fee is charged for each guarantee. This fee is necessary due to the complex nature of the paperwork and liability involved in the transaction.
Medallion Signature Guarantee Requirements
- Must be a bank customer with a significant deposit or loan relationship of 12 months or longer.
- Photo identification of authorized signer(s) - driver's license or passport.
- Proof of Transaction Value & Proof of Ownership - most current statement (mutual fund/broker statement showing number of shares, stock certificate)
- Documents must be signed in the presence of the guarantor with all owners present. Additional documentation may be required depending on the nature of the transaction, including certified power of attorney, death certificate, or probate letters of appointment.
- Documentation will be copied, or original supporting documentation retained, depending on the nature of the transfer. First National Bank, as a licensed guarantor, is required to maintain a file for all guarantees performed.
Notary Services
First National Bank offers Notary services for its customers at no cost. Notary services are provided by a Notary Public, who serves as an impartial witness to the signing of a legal document. Notarizations are generally an assurance made by a Notary Public that a document's signature is genuine, that the signer acted without duress, and that the signer intended the terms of the document to be in full force and effect.
Document signings where the services of a notary are generally necessary are real estate deeds, affidavits, wills, trusts, powers of attorney, bills of sale, or other official transactional documents.
Request an Appointment
First National Bank's Medallion Signature Guarantee and Notary services are available by appointment. Please call 515-663-3037 to schedule an appointment.