Opening an IRA

*The Lightstone Value Plus REIT is pleased to announce Community National Bank as our preferred custodian for opening IRA accounts. Basic fees will be waived when opening an IRA account, with a concurrent purchase of The Lightstone Value Plus REIT thru 12/31/09.
FOUR EASY STEPS TO AN IRA
WITH COMMUNITY NATIONAL BANK
STEP ONE: Complete the IRA application.
• Both representative and IRA owner signatures required
• Give the required disclosures to the IRA owner
STEP TWO: Will vary depending on the type of transaction.
• Using available cash in an existing CNB IRA
Go to Step 3
• Transferring cash from another IRA
Complete the Transfer Request Form
Attach a current statement from the existing account
• Making an IRA or SEP contribution
Indicate the tax year and type of contribution on the check . Make checks payable to Community National Bank
• Rolling cash from a qualified employer plan
Complete the Rollover Deposit Statement

The IRA owner must contact the former employer to initiate required paperwork
STEP THREE: Complete the Investment Authorization Form.
• Indicate the dollar amount and dividend option
• Attach to completed subscription document.
STEP FOUR: Complete the subscription document in the name of the IRA.
• Standard registration format:
Community National Bank CUST
FBO Account owners name IRA
305 Main Street - PO Box 210
Seneca, KS 66538
Tax ID #48-0976372
• Send the completed subscription to CNB
Send all completed, original documents to CNB. If your back office needs to review the documents first, please instruct your back office to forward to CNB after approval.

Contact Community National Bank at (800) 680-0340 if you have any questions.

Our personnel will be happy to assist you.

DOWNLOADABLE FORMS:
1) Community National Bank IRA Application
2) Community National Bank Investment Authorization Form
3) Community National Bank Transfer Form

For additional forms for IRA accounts through Community National Bank, please click HERE: