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Personal Banking
Trust Services

Trust Department

Opened in 1996, our Bank of the Commonwealth Trust Department is the region’s only community bank-owned trust department in Southside Hampton Roads, providing you a full range of fiduciary services.

We offer:

  • Estate Settlement serving as Executor or Administrator
  • Estate Settlement Assistance - assisting others who are serving as Executor or Administrator
  • Estate Planning at no cost
  • Trustee for all types of trusts
  • Co-Trustee with family members or other professionals
  • Investment Management Agency - full investment management, tax reporting, income collections and record-keeping
  • Attorney-in-Fact serving as named under a Power of Attorney
  • Custodian holding securities, collecting income, providing record-keeping and tax reporting
  • Self Directed Individual Retirement Accounts holding all allowable assets
  • Retirement Planning assisting individuals preparing for the future
  • Guardian serving as preserver of the estates of minors or incompetents
  • Sale of mutual funds, annuities, long term care (nursing home) insurance, and life insurance

For more information on Specialized Trust Services, contact our Trust Department today at 757.446.6914.

 
Investment products offered through Bank Of The Commonwealth are NOT FDIC or other government agency insured, has no bank guarantee, and may lose value.