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Differences between Banks, and a Bank and Trust

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What is the difference between the ABC Bank and the ABC Bank and Trust?


While your bank will handle loans and deposit accounts, a trust bank also has processionals licensed to assist you in other financial needs such as irrevocable trusts, testamentary trusts, custodial accounts, guardianships, and many more, as well as investments, and insurance.

Published on BankingQuestions.com 7/28/06
 




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