Trust and Wealth Management
A trust can be established to meet a variety of specific objectives, which include the following:
- Minimize taxes
- Provide investment management
- Protection in the event of incapacity
- Security for your family
- Support a charitable organization
A trust for your protection and benefit, and that of your heirs, may be created during your lifetime or under the terms of your Last Will and Testament. The trustee's task is one of long-term management undertaken in accordance with the provisions contained in the Trust Agreement or Last Will and Testament you create.
Wayne Bank offers personalized investment advisory or management service for individuals unable to devote the time and effort necessary to effectively manage an investment portfolio. This relationship begins with a frank and confidential discussion of your short- and long-term investment objectives, and is followed by a comprehensive review of your assets. Income is collected and proceeds are remitted to you as you request. Detailed statements of all investment transactions in your account are furnished periodically for your convenience and tax records.
We can also work with you to arrange for bill payment through your investment account.
Custodian of Your Securities
The custodial service is designed for individuals who prefer to make their own investment decisions but want to avoid the tedious and time-consuming record keeping requirements. Acting as your "financial secretary", we provide safekeeping of your securities, execute your investment transactions, distribute or reinvest income as earned, provide statements periodically and eliminate the need for you to maintain voluminous investment files. Our custodial service is valuable for any investor whose personal and/or business interests demand the conservation of time.
For information regarding our services, please call (570) 253-8507 or (800) 869-8297 and we will be happy to answer your questions. You may fax information to the Wealth Management and Trust Services Division by dialing (570) 253-4162.
Investment products, such as stocks bonds, and mutual funds: Are Not FDIC Insured; May Lose Value; Are Not Bank Guaranteed.