The Trust Department (Trust) is a division of Bank of Guam®, a bank with over $2 billion in assets, and is conveniently located in the Bank of Guam® Headquarters Building, Hagåtña Guam.
The Trust Department is primarily engaged in corporate trust activities, serving as Trustee, Escrow Agent and Custodian under the Indenture provisions of corporate and municipal bond issues. The Trust Department administers municipal bonds issued by the governments of Guam and the Commonwealth of the Northern Mariana Islands, including their respective agencies. With Guam's unique geographic location relative to New York's financial markets, routine transactions on these accounts can be processed overnight, with new funds invested and existing investments redeemed and available within two business days. In our combined role as Trustee and Fiduciary to Bondholders, The Bank of Guam® Trust Department ensures that Issuers and/or Obligors pay principal and interest payments in accordance with the governing documents. Altogether Bond issues under our administration total an outstanding principal value of more than $2.2 billion.
The Trustee, Escrow Agent and Custodian functions of the Trust Department are yet another example of Bank of Guam's® dedication to providing a full range of financial services. The Trust Department is determined to provide personalized service to ensure customer satisfaction. Our service is relationship-driven, highlighted by cultural awareness. This allows us to be responsive to the diversity of the many communities that we serve.
For more information, please contact our Trust services specialists at (671) 472–5300 ext. 5142 or 5143 or (671) 472-5743.
The products offered by the Trust Department:
Not FDIC Insured ● May Lose Value ● No Bank Guarantee