Why Work WithUnion Bank & Trust
We take great pride in not only our trust services, but the level of service you’ll receive when you choose to work with us. The advantages of working with Union Bank & Trust are:
- Knowledge and Expertise: Our trust professionals focus on providing our clients with the appropriate services and products to meet their financial goals.
- Continuity: As a financial institution with our ownership structure, we can provide continuous administration for the entire life of the trust.
- Integration: We will work closely with a trusted team of professionals to ensure that all of the selected professionals are coordinating efforts to meet the financial and planned objectives of the trust and the grantor’s wishes.
- Personal Attention: We aim to consistently meet and exceed the expectations of our clients and their team of professionals.
- Oversight: We must adhere to strict state and federal regulations.
The Advantage of Our Trust Services
We provide accurate, secure, and timely custody and trade settlement with courteous, prompt, personal and professional service. Other services include:
- Settle all trades for stocks, bonds, government and agency issues, mutual funds, common funds, etc.
- Collect and post income for all asset classes
- Coordinate with investment managers and mutual fund companies on trade issues, overdrafts, cash balances, reconciliation questions, fees, etc.
- Cash management, including collection of dividends and interest payments, sweeping cash to the penny on a twice-daily basis
- Assist customers, investment managers, auditors, and attorneys with issues and questions regarding statements, trades, cash balances, deposits, withdrawals, internet issues, etc.
- Setup of accounts with mutual fund companies, insurance companies, and sub-custodians
- Process stock splits, stock dividends, and tender offers
- Post principal paydowns on all types of asset-backed securities
- Process amortized payments for contracts for deeds, mortgages, and promissory notes
- Setup and maintenance of unusual assets (private placements, GICs, limited partnerships, calls, rights, or warrants)
- Process class action litigations and post-claim receipts