Market Updates
Medallion Signature Guarantee
Preventing the Unauthorized Transfer of Securities.
If you hold securities in physical certificate form and want to transfer or sell them, you will need to sign the certificates or a stock/bond power. You will probably need to get your signature “guaranteed” before a transfer agent will accept the transaction. How do you accomplish this?
Our Trust Department provides this Medallion Guarantee service to Bank customers. By participating in the program, Superior National Bank can guarantee customer signatures with the assurance that their guarantees will be immediately accepted for processing by transfer agents.
The Medallion seal certifies that the signature is genuine and has legal binding authority. Furthermore, the guarantor of the seal assumes any financial responsibility associated with the endorsement.
