Medallion Signature Guarantees - National Bank of Middlebury

Medallion Guarantees are used only in situations involving the sale or transfer of securities. The Medallion indicates that the financial institution named has been defined by SEC Rule 17-Ad15 as an eligible Guarantor and has met all STAMP Program qualifications, including submission of a STAMP Surety Bond. A Medallion Guarantor bears financial liability should the signature prove to be fraudulent.

You must be a customer of National Bank of Middlebury to secure a Medallion Guarantee
Value of transfer must not exceed $500,000
$5.00 service charge per transaction
New Horizon Club members are exempt from transaction charge

The following documentation and information is required by National Bank of Middlebury prior to performing a Medallion Signature Guarantee:

All owners named on security must be present
Current photo ID
Stock certificate/power showing number of shares owned; or
Mutual fund statement showing current value

If the name in which the stock/mutual fund is held is being changed due to death of the current owner:

Death certificate
Certificate of appointment from probate court

If acting in a capacity other than that of the registered owner; such as executor, trustee, attorney-in-fact or other legal capacity, documents showing proof of authority, such as:

Trust agreement
Power of attorney form
Court appointed paperwork
Corporate resolution