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Lake City Bank offers a full range of corporate trust and investment management services. We can serve as Trustee, Registrar, and Paying Agent on municipal bonds for community needs. Our trust experts have a strong local commitment! Here is a list of the services we are currently providing to governmental entities in our communities:
Corporate Bond Administration
- Collection of lease payments to ensure timely payment to bondholders
- Investment of account balances
- Receipt and retention of any collateral indebtedness
- Accountings
- Disbursements
- Compliance with SEC regulations
Paying Agent and Registrar
- Prompt registration and transfer of bonds
- Timely payment of principal and interest to bondholders
- Public notification of bond calls
- Reconciliation of certificates; Maintenance of bondholder list
- Processing and teaching of bondholders' correspondence
- Destruction of canceled and redeemed certificates
Construction Fund Manager
- Payment of construction fund draws upon receipt of documentation required by governing instrument
- Investments structured for maximum return and availability in compliance with trust indenture
Other Corporate Trust Services
- Escrow agent
- Investment Management
- Cash Management
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Investment products are not deposits or obligations of, or guaranteed by Lake City Bank or any other bank, are not insured or guaranteed by the FDIC or any governmental agency and are subject to investment risks, including possible loss of principal invested. Past performance is not a guarantee of future results.
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