Trust department definition

Trust department means that group or groups of officers and employees of a bank organized under the supervision of officers or employees to whom are designated by the board of directors the performance of the fiduciary responsibilities of the bank, whether or not the group or groups are so named; (b) Adoption of Policies and Procedures with Respect to Brokerage Placement Practices. Each state bank exercising investment discretion (as defined in Section 12 C.F.R. 12.2(c)) with respect to an account shall adopt and follow written policies and procedures intended to ensure that its brokerage placement practices comply with all applicable laws. Among other relevant matters, such written policies and procedures should address, where appropriate,

Trust department means that group or groups of officers and employees of a trust company organized under the supervision of officers or employees to whom are desig- nated by the board of directors the performance of the fidu- ciary responsibilities of the trust company, whether or not the group or groups are so named.

Trust department means that group or groups of officers and employees of a savings institution who perform fiduciary services by the savings institution.

Examples of Trust department in a sentence

• You consent to the assets deposited in the Sub-Deposit Account with the Bank’s Trust Department being considered trust assets of the Trust Department.

• Xxxxxxx Street Franklin, Indiana 46131 Phone No: 000-000-0000 Email: xxx@xxxxxxxxxxxxxxxx.xxx If to the Escrow Agent: Mutual Savings Bank Trust Department 00 X.

• Xxx Xxxxx Xxxxxx, 4th Floor, Los Angeles, California 90012, Attention: Corporate Trust Department, Fax: (000) 000-0000, Email: Xxxxxxx.Xxxxxx@xxxxxxxxx.xxx.

• You consent to the assets deposited in the Sub- Deposit Account with the Bank's Trust Department being considered trust assets of the Trust Department.

• Any notice to or demand upon the Escrow Agent may be served or presented, and such demand may be made, at the principal corporate trust office of the Escrow Agent at Wilmington Trust, National Association, 000 Xxxx Xxxxxx Xxxxx, Xxxxx 000, Xxxxx Xxxx, Xxxxxxxxxx 00000, Attention: Corporate Trust Department.

More Definitions of Trust department

Trust department means a division, subdivision, department, or group of officers and employees of a state bank authorized by the board of directors of the state bank to exercise trust powers pursuant to authority of the director granted pursuant to RCW 30A.08.150 or 32.08.210, as applicable.

Trust department means a permittee under both A.R.S. § 6-201 et seq. and Article 2 of this Chapter that possesses a banking permit authorizing it to engage in trust business.

Trust department means the division of a bank which has been granted trust powers by the director of finance.

Trust department means ((that)) a division,

Trust department means the trust department of Regions Bank, an Alabama-chartered bank.

Trust department means the Corporate Trust Department of the Security Trustee located at the principal corporate trust office of the Security Trustee as specified in Security Trustee's address for notices under the Relevant Loan Agreement (Direct Loans) (initially, 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx), xx such other department or office at which the Security Trustee's corporate trust business shall be administered which the Security Trustee shall have specified by written notice to the Borrower and the Lender.

Trust department means that group or groups of officers and employees of a bank organized under the supervision of officers or employees to whom are designated by the board of directors the performance of the fiduciary responsibilities of the bank, whether or not the group or groups are so named;