.::SALEM TRUST::.

Municipal Custody Services

Throughout the southeastern United States, Salem Trust Company has become a leader in retirement plan services for firefighters, police officers and other municipal employees. We are, in fact, the largest single provider of municipal custody services in Florida.

Salem Trust enhances its wide variety of services through a deep investment in the most secure, flexible and integrated technology.

Municipal custody clients receive our personal attention, never electronic or call center responses. All clients also receive 24/7 Internet access to their accounts, which furnishes reports based on asset detail, tax lot detail, transaction activity, or pending transactions.

Salem Trust’s team prides itself on outstanding customer service, and a survey showed that our attention to clients has resulted in tremendous levels of satisfaction.

For additional information regarding municipal custody services, please call Bradley K. Rinsem at (954) 426-5772.

The municipal custody services suitable for your situation may include one or more of the following:

• Custody and safekeeping of trust and investment assets, including:

• Settling of purchases and sales
• Receiving and delivering of assets
• Processing of corporate actions (such as class actions and stock splits)
• Collecting of interest and dividend income and the subsequent distribution of income
• Automatic daily sweeping into your choice of cash vehicles
• Maintaining individual tax lots

• Performance measurement services -- customized options for account reports, including:

• Generating presentation-quality report tables and graphs
• Permitting integrated total fund or asset class reporting
• Furnishing over 2,000 market indices which allow a custom benchmark comparable to most asset allocations

• Benefit payment services, including:

• Serving you through our knowledgeable benefit payment specialists
• Allowing the capacity for multiple deductions
• Packaging your reports with a number of flexible options
• Preparing and mailing of 1099R and 945 reports
• Fully integrating benefit payment services with our trust reporting system
• Assisting with direct deposit capabilities

• Trustee services for retirement plans, including:

• Safeguarding the assets of the plan
• Assuming fiduciary responsibility for a plan's assets
• Comprehensive and timely accounting of reports and statements for the plan's sponsor

• Management services for surplus and reserve funds, including enhanced cash management services for municipal operating reserves