Once you submit your application it will be begin being processed by the Bank. Once your application is reviewed you will be notified of your maximum credit line amount and we will send you the following documents to review, sign and return:
- Custody Agreement
- Security Agreement
- Line of Credit Note
- Account Transfer Form
- Collateral Maintenance Guidelines
We may request additional information at this time including copies of your driver’s license and social security card. You will need to:
- Sign each loan document and have each co-applicant sign each document (If all the co-applicants’ signatures are not on the documents, we are unable to process your loan until we receive documents properly completed.)
- Attach a copy of each Mutual Fund statement or Brokage Account statement to the Account Transfer document
- Obtain a Signature Guarantee for each document from your bank or broker
Place all documents in an envelope and mail or overnight the documents to:
Presidential Bank
Trust Custody Department
4600 East West Highway, Suite 400
Bethesda, MD 20814