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Custody Services

When Vermont National Bank performs custody services we:

  • Hold securities;
  • Collect dividends, interest, and bond proceeds on maturity or call;
  • Sell or exercise rights;
  • Pay bills;
  • Perform a daily sweep of cash in one or more of eight money market funds;
  • Provide easy access to no-load mutual funds;
  • Provide monthly statements of transactions in accordance with trust accounting requirements;
  • Provide monthly statements of assets with market value;
  • Provide an annual tax summary.

Some of our clients would prefer to direct their own investments. A custody service frees them of the details of handling assets. This service can be particularly valuable for those individuals who act as their own trustee and would like the Bank to serve as standby trustee in case of their incompetency or death; a custody account is a cost-effective way of providing a seamless transition from trustee to trustee.

Have questions? You can drop by one of our offices, call us at 1-800-334-6862, or contact us by e-mail.

     

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Vermont National Bank/First Savings of New Hampshire is insured by the FDIC.

Vermont National Bank /First Savings of New Hampshire is an Equal Housing Lender.