TBOC: Important IRA Information
For questions regarding the custodial change on your IRA accounts, please contact us at:
Stock Yards Bank & Trust
THE BANK – Oldham County and Stock Yards Bank have joined together to create a broader marketplace of banking services. The merger of THE BANK – Oldham County into Stock Yards Bank & Trust became effective May 1, 2013, which essentially only means your Bank’s legal name changed to Stock Yards Bank as of that date. Section 8.09 of your Traditional IRA Custodial Agreement and Section 9.08 of your Roth IRA Custodial Agreement provides that this change took effect automatically.
However, we are also working to consolidate operations of the two banks; so, effective June 1, 2013, there will be some changes in the documents governing your Individual Retirement Account. As of that date, the Custodial Agreement and Disclosure Statement previously in effect will cease to apply, and you will recieve a Trust Agreement and Disclosure Statement, which will take effect.