Checks and Securities Certificates

Checks and securities certificates remitted to us in conjunction with proposed transactions are routinely forwarded to our Syracuse office so that we may perform certain supervisory reviews, including (among other things) confirming that all required documents and information have been submitted and confirming that each transaction appears suitable. We may hold checks and/or securities certificates for up to seven business days to complete these reviews. We have implemented procedures to safeguard checks and securities certificates during the time they are held and we will promptly forward them to the appropriate payee when our supervisory reviews are completed. If a proposed transaction is not approved, the check(s) and securities certificate(s) received will be returned to the sender. We maintain records evidencing our processing of all checks and securities certificates we receive and process.