Definition

Trust Department Specialists

Specialists in a bank’s trust department provide a wide variety of customer services. They aid companies in managing their employee retirement programs, issuing securities, maintaining business records, and investing funds. Consumers also receive help in man aging their property and in building an estate for retirement. Men and women employed in bank trust departments usually posses a wide range of backgrounds in commercial and property law, real estate appraisal, securities investment strategies, financial statement analysis, and marketing.

Share it:  Cite

More from this Section

  • Borrowed reserves
    Borrowed reserves is a bank’s borrowings from the Fed. ...
  • Liquidity
    Liquidity is the ability to sell a business or other asset quickly at a price that is ...
  • Demutualization
    Demutualization is a term to describe the conversion of a mutual insurer into a stock ...
  • Planned investment spending
    Planned investment spending is the total planned spending by businesses on new physical ...
  • Unearned premium reserve
    Unearned premium reserve allows liability reserve of an insurance company that represents ...