How does the Trust Department invest assets?
The Trust Department typically invests in combination of fixed income (treasuries, bonds, certificates of deposit) and equity securities (stocks). Each trust establishes its own investment objectives in accordance with the trust agreement and the needs of its beneficiaries. Other assets held in trust may include real estate, life insurance, mutual funds, mortgages and other financial instruments. Assets are managed by a team of financial professionals made up of bank officers and outside investment consultants.