Community Bank of Mississippi
Subsidiary of Community Bancshares of Mississippi, Inc.
communitybank.netWhat to do when a Community Bank of Mississippi account holder dies
Report the death to Community Bank of Mississippi's Customer Service at 1-866-217-3305
When an account holder at Community Bank of Mississippi passes away, the next step depends on how the accounts were set up. Accounts with beneficiary designations or trust ownership transfer outside of probate. Accounts titled solely in the deceased's name require the estate's legal representative to work with Community Bank of Mississippi's Customer Service (1-866-217-3305) to access and distribute the funds.
The claim process begins with a phone call to 1-866-217-3305. Have the account holder's full name, account numbers, and the death certificate available when making initial contact.
Death claim process
Follow these steps to file a death claim with Community Bank of Mississippi:
Filing a claim
State law on paying a balance without lettersFlorida, Mississippi, Tennessee
- Florida
Fla. Stat. § 735.303
Florida law permits a bank to pay from a deceased depositor's balance on an affidavit made under oath, without letters testamentary or letters of administration.Fla. Stat. § 735.303Verified Oct 3, 2026View source
Paid to: family member (surviving spouse; else adult child; else adult descendant; else parent)
Limit: $2,000 held at the institution and $2,000 in total from every holder
When: not earlier than 6 months after the date of the decedent’s death
The section permits the payment. It does not require the bank to make it. The section sets further conditions.
- Mississippi
Miss. Code Ann. § 81-5-63
Mississippi law permits a bank to pay from a deceased depositor's balance on a signed receipt or release, without letters testamentary or letters of administration.Miss. Code Ann. § 81-5-63Verified Oct 3, 2026View source
Limit: $12,500 held at the institution
Paid to: the decedent's spouse; the adult with whom any minor children of the decedent are residing (if there is no surviving spouse); any adult child of the decedent (if there is no surviving spouse or minor children); either parent of the decedent (if there is no surviving spouse or children); any adult sibling of the decedent (if there is no surviving spouse, children or parent) (in that order)
The section permits the payment. It does not require the bank to make it. The section sets further conditions.
- Tennessee
T.C.A. § 45-2-708
Tennessee law permits a bank to pay from a deceased depositor's balance on proof the institution accepts, without letters testamentary or letters of administration.T.C.A. § 45-2-708Verified Oct 3, 2026View source
Limit: $15,000 held at the institution
When: 30 days after the death
Paid to: the executor named in any will known to the institution; in the absence of knowledge of a purported will naming a surviving executor: a creditor for expenses of the funeral; a creditor for the expenses of the last illness; the surviving spouse; the next of kin
The section permits the payment. It does not require the bank to make it. The section sets further conditions.
T.C.A. § 30-2-103(b)(2)
Tennessee law permits a bank to pay from a deceased depositor's balance on proof the institution accepts, without letters testamentary or letters of administration.T.C.A. § 30-2-103(b)(2)Verified Oct 3, 2026View source
Limit: $10,000 held at the institution
When: six (6) months have passed since the decedent's death without an application being made for the appointment of a personal representative
Paid to: the surviving spouse of a decedent or a trust for the benefit of the surviving spouse; if no surviving spouse exists, the surviving children of the decedent as tenants in common or a trust for the benefit of any surviving children (in that order)
The section permits the payment. It does not require the bank to make it. The section sets further conditions.
Accounts handled elsewhere2
- Elan Financial Services
Community Bank credit cards, which it issues1
- LPL Financial
Securities, advisory and insurance accounts offered through Community Wealth Management2
What Community Bank of Mississippi's agreement and guidance say3
- Fees
The bank's fee list charges $50 an hour for legal processing or research and $20 an hour for research, and $50 to close an account within its first 60 days.3
- Dormant and unclaimed accounts
A transaction account with no activity started by the owner for 365 calendar days is treated as dormant and charged $5 a month.3
Not in Community Bank of Mississippi's published guidance10
- A department for deceased-customer accounts
- A claim form
- A list of required documents
- Whether the death certificate must be certified
- Which court appointment document it accepts
- A mailing address for claim documents
- An online way to report a death
- How long a claim takes
- A small-estate procedure
- Terms in its agreements for a customer's death
Community Bank of Mississippi's Customer Service can be reached by phone at 1-866-217-3305 for questions throughout the claims process.
Sources
(2)·
Data sourced from Community Bank of Mississippi primary sources (23 pages reviewed). How we research.
Community Bank of Mississippi death claims support
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Estate planning articles
Learn how to protect your Community Bank of Mississippi accounts and other assets with trusts, beneficiary designations, and estate planning documents.
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Forms for Settling an Estate
Free forms for settling an estate: probate petition, small estate affidavit, creditor notice and closing forms. Prepare each form for your state.
Affidavit of Death
Put a joint owner's or a transfer on death deed owner's death on the land records with the affidavit your state's statute names, laid out for recording.
IRS Form 56
Notify the IRS that you are the fiduciary of an estate, a trust or a person, or end a notice filed before, on the official form.
Digital Assets Recovery Letter
Prepare a letter requesting a deceased person's online accounts, points, and balances from the program that holds them.
Petition for Probate and Letters
Open probate and ask the court to appoint you and issue Letters Testamentary or Letters of Administration.
Notice to Creditors
Notify estate creditors and start the claim period — the published notice plus mailed copies for known creditors.
Renunciation of Executor
Decline an appointment as executor named in a will — the writing filed with the court before anyone is appointed.
Tools for Settling an Estate
Free tools for settling an estate: whether probate is needed, executor and trustee pay, creditor deadlines and taxes. Run each tool for your state.
How Many Death Certificates Do I Need?
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Do I Need Probate?
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What Happens to Jointly Owned Property When an Owner Dies?
See what your state records when a joint tenant with right of survivorship dies: an affidavit, the death certificate or a new deed.
Do I Have to File Tax Returns for Someone Who Died?
Find out which tax returns need to be filed after someone dies and whether tax clearance is required.
How Do I Settle an Estate?
Personalized plan for settling an estate after someone passes away.
What Do I Do When Someone Dies?
A step-by-step checklist for the days, weeks, and months after a death, with state rules noted where they apply.
