What is a Trust Department?
A trust department is a bank savings institution or law firm granted permission by the Commonwealth of Massachusetts to offer trust services. Trust services generally include the active investment of capital. This capital can benefit individuals or their retirement accounts, charities, groups of employees, or other entities. Trust departments can also settle estates, act as an individual's power of attorney or their appointed agent.
Investments purchased through the Cape Ann Savings Trust & Financial Services Department are not FDIC insured, not FDIC guaranteed, not bank guaranteed and may lose principal value.