Trust Department

In 1956, the Trust Department of Bay Bank was established after receiving regulatory approval for trust powers. Over the years, we proudly boast of having the only trust department in our market area. The advantage to working with a local Trust Team is the level of personal, individualized service they provide. In fact, personal service is the key reason so many clients prefer Bay Bank & Trust Co over larger investment companies or big banks. It's more comfortable and more reassuring for clients to work with professionals they know and trust.

Our Trust Department offers full trust services designed to meet the needs for individuals, families, and businesses. Trust services include personal trust services, investment management, estate planning, securities processing and custody, record keeping, and employee benefits.

Personal Trusts

Bay Bank & Trust Co can serve as trustee of a Living or Testamentary Trust to ensure your wealth is managed the way you want - now and for future generations.

• Helping avoid the delays and publicity of probate when your estate passes to your heirs
• Relieving you of as many or as few of the day-to-day tasks in managing your wealth as you choose
• Ensuring your assets are professionally managed should you become incapacitated
• Minimizing estate and gift taxes
• Protecting your privacy and allowing you the level of involvement and control you want

Custody and Agency Accounts

A custody account will allow an individual to continue trading with a broker while ensuring the safety of your investments with Bay Bank & Trust Co. An agency account allows an individual to serve as trustee or investment manager while our Trust Team professionals make financially sound recommendations or investment decisions for the benefit of your account. We provide an accounting of all transactions and assets that are held in the account.

Estate Administration

Bay Bank & Trust Co can be named in an individual's will to serve as a personal representative. The personal representative gathers and protects the assets of the deceased and distributes them according to the terms of his or her will.

Individual Retirement Account

We offer our expert investment management services to people who wish to consolidate or rollover their tax-deferred retirement assets in an IRA. We can help select the right type of IRA for you, and offer advice regarding the many tax and estate planning implications for each IRA program. Bay Bank & Trust Co can serve as custodian or agent for an individual's IRA.