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;

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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

As to the Fund, the Custodian shall open and maintain in its Trust department a custody account in the name of the Trust coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.
As to the Fund, the Custodian shall open and maintain in its Trust department a custody account in the name of the Corporation coupled with the name of the Fund, subject only to draft or order of the Custodian, in which the Custodian shall enter and carry all Securities, cash and other assets of such Fund which are delivered to it.
The Corporation will send all Commercial Paper Notes to be completed and delivered by you to your Commercial Paper Issuance Unit of your Global Corporate Trust department (or such other department or division as you shall specify in writing to the Corporation).
Prior to her employment at Ridgewood Energy, Ms. McSherry worked in the Trust department for Midlantic National Ba▇▇.
All communications by or on behalf of the Trustee, the Corporation or the Dealers, by telephone or otherwise, relating to the completion, authentication, delivery or payment of the Commercial Paper Note(s) are to be directed to your MMI Operations area of your Global Corporate Trust department (or such other department or division which you shall specify in writing to the Trustee, the Corporation or the Dealers).

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 appli- cable.

Trust department means that group or groups of officers and employees of an association, or of an

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 ((that)) a division,

Trust department means that group or groups of officers and employees of a savings and loan association to whom are designated by the board of directors the perfor- mance of the fiduciary responsibilities of the association, whether or not the groups or groups are so named.

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

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