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ou might be thinking, “Who will help
Y me or my family if the time comes
when I cannot fully handle my affairs;”
“who will make sure that my heirs
receive the gifts I want them to have;”
and who will properly settle my estate?”
As your corporate trustee, experienced
Oregon Pacific Bank trust professionals
will manage your affairs, freeing your
family from the burden of difficult
decisions and ensuring that your wishes
will be followed exactly.
Oregon Pacific Bank’s Trust & Wealth
Management Department has provided
investment management and trust
services to our communities since 1996.
Our team of professionals addresses
your trust needs with regards to
investment management, trust and estate
administration, wealth transfer, charitable
giving and estate planning. We use a
highly personal and individualized
approach and manage relationships with
integrity and confidentiality. As our client,
you and your family have the benefit of
objective, neutral advice on important
financial issues as well as on sensitive
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Your Lisa Tine, Assistant Vice President
and Trust Officer
Team Coos Bay and Roseburg
Lisa has over 15 years of
Portfolios are designed to achieve your Patricia Riley banking experience and
investment objectives while being sensitive to Senior Vice President is knowledgeable in all
risk tolerance and life issues. Our ultimate goal and Trust Manager aspects of financial
is to assist you in building, managing, protecting Pat has over services and trust
and preserving your wealth for you and for your 20 years of trust administration. Lisa has held positions in
family. When you choose us, we will: administrative and trust administration, portfolio
investment management and private banking
experience, first services with Northern Trust Company
◗ Understand —
with Bank of America, then with of Chicago, worked as a business
your needs and financial objectives.
Union Bank of California, and development officer for U.S. Bank and as
most recently with Oregon Pacific branch manager for Umpqua Bank. Lisa
◗ Work with you — received her B.A. degree from University
Bank. Pat received a B.A. and a
to assure you have a financial plan in Masters of Social Work (MSW) of California, Los Angeles.
place to meet your needs now and in from Portland State University and
the future. You may exercise as much her law degree from Northwestern Tina Meyers
or as little control over investment School of Law at Lewis and Clark Trust Operations Specialist
decisions as you choose. College in Portland. She is a Tina has over 20 years
member of the Oregon State Bar experience as an
and holds the designation of Certified administrative assistant
◗ Be part of your team —
Trust and Financial Advisor (CTFA). with an emphasis in
of advisors implementing your estate
billing and bookkeeping
plan. You can pass on to us as much Judy Matheny procedures. Tina holds a B.A. degree
of the day-to-day detail work and Assistant Vice President from California State University Sonoma.
decision making as you wish. You can and Trust Officer
feel confident that any decision we Judy has over 20 Carol Au Court
make on your behalf will be based on years of experience Trust Operations Assistant
your goals and circumstances. in bank operations Carol joined Oregon
and trust and Pacific Bank in 2006.
◗ Make your life easier. investment She has over 20 years
We can relieve you of the burden of management. She was employed of experience in
with Bank of America, U.S. National administrative and
investment selection in a confusing
Bank and Wells Fargo Bank before executive assistant positions.
financial world. We can do your
coming to Oregon Pacific Bank. She
record keeping, tax reporting and tax holds a Series Seven (7) securities Bobbi Wilson
filing. We can pay your bills and make license and a Certified Trust and Trust Administrative Assistant
sure that your residence and other Financial Advisor designation (CTFA).
real properties are well maintained. Bobbi joined Oregon
Pacific Bank in April
2008. She has had
experience working as
an insurance agent
and in sales and administrative positions.
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A living trust with Oregon Pacific Bank
allows you to preserve and protect your
assets during your life time and to
secure your family’s financial future.
If you are incapacitated during your
lifetime, your trust may prevent a public,
court-supervised administration of your
estate. After your death, if properly
administered, your trust assures that your
assets will not be subject to probate and
that your heirs will be protected by the
professional administration of your estate.
Charitable Remainder Trust:
Establishing this type of trust allows you
to make a substantial gift to your favorite
charity, receive income from that gift, and
also receive significant tax benefits. With Our Investment
a charitable remainder trust, you reserve
the right to receive income from your Philosophy
trust during your lifetime and the charity
So often, investment decisions are made in isolation, not in the
receives the residue after your death.
context of the effect on the overall portfolio and investment
Estate Settlement: objectives. Our philosophy of knowing our clients well, taking
Oregon Pacific Bank can serve as the
care in establishing the correct investment objective, creating
personal representative under your will
or be of help in the event that you are
a personalized portfolio and using discipline and consistency
asked to fulfill this responsibility for in implementation and review will bring a high degree of
someone else. We handle all aspects of success in achieving our clients’ investment goals. Our
estate administration. We gather assets, planning includes three key elements:
pay debts, file all necessary tax returns
and pay taxes when due. We are able to Policy:
administer unique assets, including real Provides the guiding principles for the allocation guidelines, targets and
estate, personal property and collectibles. entire portfolio. It encompasses setting an frequency of rebalancing. Appropriate
investment objective that will incorporate benchmarks are identified against which to
Asset Management Agency:
needs for income, growth, risk tolerance, measure results. Discipline and
An agency account with Oregon Pacific
taxes, legal constraints and return consistency are the key elements.
Bank provides you with professional
expectations. Gathering information and
asset management and allows you to Implementation and Review:
knowing the client are the key steps.
maintain as much control and direction of Each individual investment must be
your investments as you would like. It is a Process: selected not only for its performance
completely revocable arrangement. Creates a framework for making changes history and expected results but also on
in the portfolio that includes asset the basis of how it fits into the overall
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What is a Corporate Trustee?
A corporate trustee is a bank trust department or trust company. The bank can
help you build, manage and protect your wealth when it acts as your corporate
trustee. A trust is simply a legal document that allows you to plan your estate and
to control your assets while you are living, should you become physically or
mentally incapacitated and after you die.
When you set up a trust, you will need to name someone, called a trustee, to
manage the assets your trust controls. While you may choose yourself or just
about any other adult, there are some very good reasons why you should
consider a corporate trustee.
Why Would I Use a Corporate Trustee?
You will gain the advantage of years of experience. Because the bank
manages trusts on a daily basis, it is familiar with proper trust administration, tax
and estate planning strategies and the legal responsibilities of a trustee.The bank
can manage the assets in your trust now and/or after you die, as your trust
directs. The bank can buy and sell assets, pay bills, file tax returns, maintain
accurate records and distribute income. The bank has experience managing a
variety of assets, including stocks and bonds, real estate, closely held businesses,
mineral properties and collectibles.
portfolio, asset allocation targets and You will receive professional investment advice.
achievement of the investment objective. A corporate trustee gives its full attention to managing trust assets. After
Once in place, the portfolio must be discussing your financial goals, risk tolerance and long-term objectives, the bank
reviewed regularly to ensure each will recommend the best investment strategy for you. Then, depending on how
investment continues to be appropriate, involved you want the bank to be, it can provide ongoing advice, or even make
and that necessary changes are made. decisions for you, ensuring your investments stay on track and enabling you to
Investment Strategy: meet your financial goals.
Unlike most managers, our trust You will protect your wealth because corporate trustees are
department does not have in-house regulated by internal auditors and both state and federal agencies.
proprietary mutual funds. We seek out
Courts also consider the bank an “expert” and expect it to meet higher standards
and retain nationally recognized managers
than a nonprofessional.
from across the country who specialize
in specific styles or classes and have You will receive reliable, professional service. A corporate trustee will
proven track records. We are not not become ill, die, get divorced, go on vacation or retire.
commission-based, so our selection You will value their objectivity. The bank will follow your trust instructions
process is unbiased. We are free to objectively and faithfully, something that may be hard for family members to do.
choose the best managers who will do
You will tap into the rich sources of advice and referrals. The bank
the best job for our clients. Our in-house
can provide advice on investment, tax, retirement and estate-planning issues and
staff also provides oversight for a variety
can refer you to attorneys and other qualified professionals as needed.
of unique assets including real estate,
timber and agricultural holdings. You will enjoy peace of mind.
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When Would I Use a Corporate Trustee? Couldn’t I Name a Relative or Friend Instead?
Irrevocable Trusts. If you set up an irrevocable trust (like a You could, but keep in mind that family and friends are not
charitable or life insurance trust) or you plan to make gifts in trust, always a good choice to be involved in your trust. They may be
you may want to name someone other than yourself as trustee. too busy with their own affairs, may reside in a distant area, may
A corporate trustee is a natural choice to make sure your not get along with other family members or may not be
irrevocable trust is administered properly. responsible or experienced enough to manage the trust assets.
An innocent error by a well-meaning, but inexperienced, relative
Revocable Living Trusts. If you set up a revocable living
or friend could negate your careful planning. One option is
trust you will avoid a probate when you die and prevent court
having a relative and a corporate trustee work together. This
involvement should you become incapacitated. There are many
would give you the professional experience and objectivity of a
benefits to naming a corporate trustee in your trust document:
corporate trustee and the personal involvement of someone who
◗ As Trustee: As trustee, a corporate trustee has full knows you.
responsibility for managing your trust assets according to your
instructions. This would be an excellent choice if you are elderly Do I Lose Control If I Use a Corporate Trustee?
and have no one you can trust to take care of your financial No, with most trusts you can change your trustee at any time if
affairs. You may be widowed, have no children or other trusted you are not satisfied. Even with an irrevocable trust, you or your
relatives living nearby (or do not want to burden them), or you beneficiaries may have the right to change the corporate trustee.
and your spouse may be in declining health. Even if you are Also, the trustee you select must follow the instructions you put
capable of managing your own trust, a corporate trustee can be in your trust, while you are living, if you become incapacitated
a wise choice. You may not have the time, desire or investment and after you die. The reason is that a trust is a binding legal
experience to manage your assets. Or perhaps you just feel contract and your trustee can be held liable if your instructions
that someone with more time and experience could do a better are not followed.
job than you.
How Safe Are Trust Assets?
◗ As Co-Trustee: If you want to take advantage of a Trust assets are safe even if the bank should fail. By law, trust
corporate trustee’s investment experience but still be involved, assets must be kept separate from all other bank assets. For
you could have the bank work with you as a co-trustee. example, they cannot be loaned out, mixed with the bank’s
Developing a working relationship with a corporate trustee now own assets or used to satisfy its creditors. You are protected
lets the bank become familiar with your objectives and your against fraud, theft or any error made in the administration of
beneficiaries’ needs and personalities, while you are still around your trust by regulatory oversight provided by internal, state and
to provide guidance and input. federal examiners.
◗ As Investment Agent: You could name a corporate
Should Everyone Use a Corporate Trustee?
trustee as your agent. While a co-trustee has equal
No; however, many more people should consider one. Most
responsibility with you, an agent can have as much
people are just not aware of the many benefits a corporate
responsibility as you wish. You can have your agent manage
trustee can offer them and their families. You need to look
only a portion of your trust’s assets (your stocks and bonds, for
objectively at your situation and the type of trust you set up. If you
example) or just provide you with investment advice, with you
have a modest estate and your trust is fairly simple, you may be
making all final decisions.
fine being your own trustee and having a capable family member
◗ As Successor Trustee: If you decide to be your own step in for you when you can no longer manage your assets. If
trustee, consider naming a corporate trustee as your successor your estate is larger, has a variety of assets, includes tax planning,
trustee. In this capacity, the bank will step in and manage your or if you doubt your relatives’ capabilities or intentions, definitely
trust for you when you can no longer act due to incapacity or consider a corporate trustee.
death. Many people like the idea of having a professional take
care of the paperwork, tax filings and other final details.
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Are There Any Disadvantages to Using Bank
a Corporate Trustee? History
Because a bank must objectively follow the instructions for the trusts they
manage, some beneficiaries (especially those who want the money now Oregon Pacific Bank was
instead of when the trust states) have found them to be uncooperative. But established on December 17, 1979
that may be exactly what you want. One reason why many trusts are set up, as a state-chartered Bank and
and a corporate trustee chosen, is to keep a beneficiary from getting the Member of the Federal Reserve
money until Mom and Dad (or whoever set up the trust) intended. However, if System. Oregon Pacific Bank is
you are concerned about a corporate trustee being too “impersonal,” you can headquartered in Florence, Oregon,
always name a family member or close friend to act with them as a co-trustee. and operates full service branches
in Coos Bay and Roseburg. For
Is a Corporate Trustee Expensive?
more than 29 years, the bank has
Most are very reasonable, especially when you compare their fee to those of been dedicated to serving its
other investment managers or brokers. A corporate trustee will provide communities by providing a full
personal asset management and individualized services such as; bill paying, array of financial products and
tax planning, help in gifting, help in finding housekeeping or personal care services emphasizing quality
services, planning for pets, etc. A corporate trustee typically provides all of
customer service. Brokerage
these services and more for only a small percentage of the value of the assets
services were introduced in 1993
they manage for you. Fees are charged according to a published fee schedule.
and the Trust and Wealth
There are no hidden charges. You know exactly what you are paying and a
Management Department was
portion of the trustee fee may be tax-deductible. Because a corporate trustee’s
established in 1996. In 2002,
fee is based on the value of the assets under management, instead of the
Oregon Pacific Bank became the
number of trades made, the trustee is motivated to help your assets grow.
successor to the Security Bank
How Can I Evaluate a Corporate Trustee? Trust Department in Coos Bay and
Interview several. Visit them if you can. Ask how long the trust department has incorporated their fiduciary
been in business and what is the average size of the trusts they manage. accounts into the Trust Department.
Compare investment returns, fees and services. Ask to see a sample As we move forward in this exciting
statement and determine how easy it is to understand. Facts and numbers are time of growth and expansion,
important, but so are people. Does the trust department staff seem to care we remain focused on our
about you and your family? Do they listen and understand your concerns? Can commitment to customers and to
you understand them? How comfortable are you that they will be there for you the communities we serve.
and your family when you need them?
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Trust Operating Investment
James P. Clark
President and CEO of Oregon Pacific Bank
Committee Vice Chair,
Senior Vice President and
Manager of Oregon Pacific Bank’s
Our clients are protected in several key areas: Trust & Wealth Management Team
◗ Trust assets are protected by frequent audits and examinations Joanne A. Forsberg, CPA
that monitor all trust activities. Committee Member,
Executive Vice President
◗ The bank as trustee/agent is examined by federal and state and Chief Financial Officer
regulatory authorities. of Oregon Pacific Bank
◗ The bank as trustee/agent is audited internally by an independent Thomas K. Grove
accounting firm to assure no loss of funds occur through Committee Member,
improper handling. Board of Directors and Past President
and CEO of Oregon Pacific Bank
◗ In certain circumstances, a trust beneficiary may have recourse
Don Mabry, CPA
against the bank’s assets.
◗ A bank trustee is required to pledge bank assets to regulatory Executive Vice President and Chief Operating
authorities for the faithful performance of trust duties. Officer of Oregon Pacific Bank
How Can I Find Out More?
We welcome the opportunity to explain
the many ways Oregon Pacific Bank can
meet your individual trust and investment
management requirements. For more
information, or to arrange a meeting,
contact us at:
Oregon Pacific Bank
Trust & Wealth Management
1365 Highway 101
PO Box 22000
Florence, Oregon 97439
915 S. First Street
Coos Bay, Oregon 97420
2555 N.W. Edenbower Blvd.
Roseburg, Oregon 97471
Many of the products are NOT FDIC insured, are NOT guaranteed by the Bank and are subject to loss of principal. www.opbc.com