Trust Services are not FDIC Insured

What is a Trust Department?

Commercial banks may apply for and receive trust powers from their respective governing regulators. This approval indicates that the State and Federal regulators believe that the bank trust officers possess the knowledge and professional skills to operate a trust department. The State and Federal regulators also examine the trust department for satisfactory operation on a regular basis. Trust departments have either full or limited trust powers granted to them. As the terms indicate, some trust departments can handle only limited types of trusts and others, such as Peoples Savings Bank, have full trust powers which means that the types and complexity of the trusts that we handle are limited only by our level of expertise.

What does a Trust Department do?

A trust department basically cares for and manages the property of its clients in such a manner as to see that the customer's goals or wishes are fulfilled. In accomplishing this task, the trust department administers estates and trusts, helps with estate planning, and can even help you with personal financial planning for such things as retirement or putting the kids through college.

Types of Trust:

* Estates and Estate Planning

* Financial and Retirement Planning

* Farm Management

* Conservatorships

* Custodian

* Agent

* Insurance Trust

* Trusteeships

* IRA's ( Traditional and Roth )

* Burial Trusts

Trust Services are not FDIC Insured