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Trust
Services for Individuals
Investment
Services for Individuals
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Stoneman's
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Planning
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Services for Businesses
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Trust &
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Planned
Giving Association of Windham County

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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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