Argent Advisors, Inc. (“Argent”) is an SEC registered investment adviser located in Louisiana. Argent may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.

Argent’s website is limited to the publication of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Argent’s website on the internet should not be construed by any existing or prospective client as Argent’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Argent with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

For information pertaining to Argent’s registration status, you may contact the state securities regulators for those states in which Argent maintains a registration filing. A copy of Argent’s current written disclosure statement discussing Argent’s business operations, services, and fees is available from Argent upon written request.

Argent does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Argent’s website or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Investments involve varying degrees of risk, and there can be no assurance that any specific investment will be suitable for an existing or prospective client’s investment portfolio. Past performance may not be indicative of future results. Therefore, no existing or prospective client should assume that future performance of any specific investment or investment strategy (including the investments or investment strategies recommended by Argent) made reference to directly or indirectly by Argent in its website, or indirectly via a link to an unaffiliated third party website, will be profitable or equal any historical performance levels. Historical performance results for investment indices or categories generally do not reflect the deduction of transaction or custodial charges, the deduction of an investment management fee, or the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.

Certain portions of Argent’s website (i.e. newsletters, articles, commentaries, etc.) may contain discussions of, or provide access to, Argent’s (and those of other investment and non-investment professionals) positions or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussions may no longer be reflective of current positions or recommendations. Moreover, no existing or prospective client should assume that any such discussions serve as the receipt of, or a substitute for, personalized advice from Argent or from any other investment professional. Argent is neither an attorney nor an accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice.

Existing and prospective clients understand and acknowledge that any information resulting from the use of any economic calculator or similar device that may be contained within or linked to Argent’s website is not and should not be construed as the receipt of, or a substitute for, personalized individual advice from Argent or from any other investment professional.

Existing and prospective clients agree, as a condition precedent to accessing Argent’s website, to release and hold harmless Argent, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of their actions or omissions that are independent of their receipt of personalized individual advice from Argent.

Argent Trust Company Disclosure Statement

Funds awaiting investment or distribution: All cash or cash equivalents received into an account are generally invested or swept into a money market fund or other interest bearing investment during the normal course of business. Distributions from an account are removed from the account and from investment and other interest bearing accounts on the business day that distributions are processed. Depending upon the timing of the collection of account funds received and distributed and the availability of those funds, interest or other income may be earned on funds held for investment, sweep or distribution. All such interest income shall be paid to Argent. The possibility of the receipt of such interest income was a factor in determining the total fees charged to each account.

Mutual Fund Fees: From time to time, Argent may invest account funds in mutual funds, or other related investments in which Argent receives financial benefits. These benefits may include receipt of certain fees (such as 12b-1 fees), or other income for providing non-investment related services to mutual funds, such as shareholder servicing, administrative, and accounting services. The possibility of the receipt of such fees was a factor in determining the total fees charged to each account. Specific disclosure as to the amount of the 12b-1 and other fees paid by mutual funds are set forth in the prospectus of each mutual fund.

Class Action Litigation: Argent will participate in class action litigation only when deemed beneficial to the account by Argent. Should the account holder desire to participate in class action litigation not deemed beneficial by Argent, the account holder accepts full responsibility for gathering information required to participate and holds Argent harmless for any performance of the litigation.

Important Information About Procedures For Opening A New Account With Argent

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account or establish a trust, we will ask you for your name, address, date of birth (in the case of an individual), taxpayer identification number, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying document in order to verify the information that you have provided to us. We are required by law to attempt to match the information provided by you against lists issued by various governmental agencies to confirm that you are not a known or suspected terrorist or in any way affiliated with a known or suspected terrorist group.

If you have any questions about this process, please discuss them with your account or trust officer or our internal anti-money laundering program coordinator. Thank you for your cooperation and understanding with this process.

Objection To Disclosure of Beneficial Ownership

In an effort to permit direct communications between a company which issues securities and the shareholder who votes the securities, the Securities and Exchange Commission (SEC) has adopted a rule, referenced as 14b-1, “Shareholders Communication Act”.

For your protection, the Rule prohibits the requesting company from using your name and address for any purpose other than corporate communications.

Argent is authorized to refuse to disclose the Owner’s name, address, and security position(s) of current and/or future holdings that the Owner(s) may own from time to time pursuant to SEC Rule #14b-1.

Please contact your Advisor or Trust Officer to request current prospectuses or if you have any questions regarding this disclosure.

Argent Trust Company ESOP Disclosure Statement

Privacy Notice: Argent Trust Company (ATC), a Tennessee state trust company, is aware that our customers count on us to place the uppermost importance on the privacy of personal information and financial dealings with our companies. This information is necessary for us to provide the financial products and exceptional customer service to you. We are providing you with the following information regarding our privacy policy and our commitment to safeguard your personal information.

Confidentiality and Security: We recognize the need for privacy when dealing with personal financial information. We maintain physical, electronic and procedural safeguards that comply with federal standards to store and secure information about you from unauthorized access, alteration and destruction.

Information We Collect: We collect nonpublic personal information about you from the following sources:

  • Information we receive from you on applications or other forms.
  • Information about your transactions with our affiliates, others, or us.

Information We May Share: We may disclose to our affiliates all of the information that we collect, as described above. In order to effect, administer, or enforce a transaction requested or authorized by you, the customer, we may share customer information with third party service providers only in accordance with strict confidentiality. We will share information in accordance with applicable law. We do not disclose any nonpublic personal information about you to unaffiliated third parties for them to rent, sell, trade, or for their independent use.

Employee Access to Information: All employees must adhere to ATC’s policy on confidentiality. Employee access to customer information is authorized for business purposes only, and the degree of access is based on the sensitivity of the information and on an employee’s need to know in order to service the customer’s account or comply with legal requirements.

Inactive Customers and Closed Accounts: Should you ever decide to close your account(s) or become an inactive customer at ATC, we will continue to adhere to the privacy policies and practices as described in this notice.

Internet Privacy: Like most Web sites, ATC’s Web site gathers and maintains statistics about the number of visitors. However, visitors to our Web site are anonymous except where registration is required and cookies are used to improve your online experience. ATC does not rent, sell, trade, or otherwise disclose any personal information collected through our Web site. Any information you provide is for ATC’s use only.

E-Mail: Please do not provide any account or personal information such as Social Security numbers, account numbers, or account balances within your e-mail correspondence to us. We cannot use e-mail to execute transaction instructions, provide personal account information, or change account registration.

Your confidence in us is important and we want you to know that your personal and account information is safe. If you have any questions or concerns, please contact us.

Funds awaiting investment or distribution: All cash or cash equivalents received for your account are generally invested or swept into a money market fund or other interest bearing investment during the normal course of business. Distributions are removed from the account and from investment and other interest bearing accounts on the business day that distributions are processed. Depending on the timing of the collection of funds received and distributed and the availability of those funds, interest or other income may be earned on funds held for investment, sweep or distribution. Such interest or other income may be paid to Argent Trust Company. The possibility of the receipt of such interest or other income was a factor in determining the total fees charged to each account or trust.

Mutual Fund Fees: From time to time, Argent Trust Company may invest funds in mutual funds, bank deposits or other investments from which Argent Trust Company may receive financial benefits. These benefits may include receipt of certain fees (such as 12b-1 fees) or other income for providing services to clients of these investments. These benefits may result from shareholding servicing, administrative, and accounting services, by example. The possibility of the receipt of these financial benefits was a factor in determining the total fees charged to each account or trust.

Potential conflict of interest disclosure: From time to time, Argent Trust Company may invest funds in deposits of Origin Bank and may receive financial benefits in the form of interest or other income from that bank as disclosed above. Origin Bank’s parent is a minority (less than 10%) stockholder of Argent Trust Company’s parent and both entities have other mutual contractual relationships. The ownership interests and other relationships may create a conflict of interest. You may write your account officer to request that your account not be invested in Origin Bank deposits.

Please contact your Trust Officer to request current prospectuses or if you have any questions regarding this disclosure.

Class Action Litigation: Argent Trust Company, a Tennessee state trust company, will participate in class action litigation only when deemed beneficial to the account by ATC. Should the account holder desire to participate in class action litigation not deemed beneficial by ATC, the account holder accepts full responsibility for gathering information required to participate and holds ATC harmless for any performance of the litigation.

Important Information About Procedures For Opening A New Account With Argent Trust Company

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account or establish a trust, we will ask you for your name, address, date of birth (in the case of an individual), taxpayer identification number, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying document in order to verify the information that you have provided to us. We are required by law to attempt to match the information provided by you against lists issued by various governmental agencies to confirm that you are not a known or suspected terrorist or in any way affiliated with a known or suspected terrorist group.

If you have any questions about this process, please discuss them with your account or trust officer or our internal anti-money laundering program coordinator. Thank you for your cooperation and understanding with this process.

Objection To Disclosure of Beneficial Ownership

In an effort to permit direct communications between a company which issues securities and the shareholder who votes the securities, the Securities and Exchange Commission (SEC) has adopted a rule, referenced as 14b-1, “Shareholders Communication Act”.

For your protection, the Rule prohibits the requesting company from using your name and address for any purpose other than corporate communications.

Argent Trust Company is authorized to refuse to disclose the Owner’s name, address, and security position(s) of current and/or future holdings that the Owner(s) may own from time to time pursuant to SEC Rule #14b-1.

Please contact your Trust Officer to request current prospectuses or if you have any questions regarding this disclosure.

Dormancy Service Charges

As provided in the Financial Institutions Code of Georgia Section 7-1-358 and applicable banking regulations, a dormancy service charge of up to $5.00 per month, not to exceed $60.00 in the aggregate, may be assessed by Argent for any dormant account (as defined in regulations, section 80-1-8-.01). Checks are included in the definition of an account, and are deemed to be dormant when they have not been presented for payment within two (2) years of the date of issue.

Argent provides trustee, paying agency, custodial and accounting services to retirement plans. Argent outsources its back office processing and custody activities to Reliance Integrated Solutions (“Reliance”). As a part of the overall compensation to Reliance for these services, Reliance may receive and retain for its own account, as additional compensation, any earnings (i.e., “float”) on amounts received from plan assets and new contributions before such amounts are invested, on amounts held pending distribution, and on disbursements made by check until the check is cleared by the bank on which the check is drawn (or, in the case of an un-cashed check, until the check is returned to Reliance and the funds otherwise distributed). Specific information concerning the time frames during which float earnings may be realized by Reliance and rates at which earnings on float are expected to accrue to Reliance are as follows:

Contributions and Purchases: If Reliance receives your payroll contributions by pre-authorized ACH (Automated Clearing House) debit to your bank account, such contributions will generally be invested by the close of business on the business day following receipt of such funds and corresponding investment instructions. If you (or your agent) transmits funds to Reliance by wire transfer, ACH or check, such funds will generally be invested by the close of business on the second business day following receipt of such funds and investment instructions. Float earnings will accrue to Reliance on funds received from the date of deposit with Reliance until the date the monies are disbursed (generally by wire transfer) in settlement of investment purchases in your account.

Distributions and Sales: Funds received from sales of investments will generally be disbursed, or if Reliance has received reinvestment instructions, reinvested, by the close of business on the business day following funds availability. In the case of disbursements by check, the float period begins on the date the check is written and ends when the check is cleared by the bank on which the check is drawn (or, in the case of an un-cashed check, when the check is returned to Reliance and the funds otherwise distributed). Reliance will generally issue checks by the close of business on the second business day following receipt of available funds and complete payment instructions. Typically, a disbursement check is mailed on the same day it is written.

Rates and Estimated Float Amounts: You may monitor and compute the approximate amount of float earnings received by Reliance by reviewing periodic account statements from Argent/Reliance (or corresponding information provided by Argent/Reliance to you by electronic access) to determine the dates funds become available to Reliance from contributions and sales of investments, dates of disbursement, and the dates of clearance of disbursement checks. Reliance will generally realize float earnings at rates approximating the 2 Year Treasury yield which is available daily via The Wall Street Journal or www.treasury.gov. The availability of “float” to Reliance may also allow Reliance to reduce its overall cash position, thereby permitting Reliance to deploy a larger portion of its funds in higher-yielding investments and activities.