Can be either Revocable or Irrevocable. The Bank of Clovis can act as Trustee for both Revocable or Irrevocable Living Trusts. Living Trusts are established during the lifetime of the Grantor or Grantors. Living Trusts are subject to examination by the Bank's primary regulators consisting of the New Mexico Financial Institutional Division (NMFID) and the Federal Deposit Insurance Corporation (FDIC).

Trust fees are subject to change from time to time as determined by The Bank of Clovis.

Added Clarification:*Set Up Fees are due and payable in advance. Fees will be billed and taken monthly. If funds are available, the fee will be charged to the account. Those wishing to may reimburse their account for the fee. *If funds are not available the client will be billed. All fees will be due and payable within 30 days. If payment is not received within 30 days The Bank of Clovis reserves the right to liquidate an asset to cover expenses.

All clients will receive a fee bill.

Reasonable additional compensation for extraordinary services based on the value of the service rendered will be assessed. Some services, but not all that are considered as extraordinary are: involvement in questions relating to the validity of the instrument or title to property; a higher than average volume of activity in the account due to requirements that the Bank consult with beneficiaries, co-trustees, investment advisors or others regarding investments or the administrative activities of the trust. Situations concerning the buying or selling real estate, a business interest in a trust, a public stock offering, extension of unusual personal services, settling insurance claims, taxes, or other litigation and the termination of an account may also involve extraordinary service.

Terms and Conditions available upon request.