t r u s t & w e a lt h m a n a g e m e n t Specializing in: Trustee, Investment Management, Conservatorship, and Estate Settlement Services

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1 t r u s t & w e a lt h m a n a g e m e n t Specializing in: Trustee, Investment Management, Conservatorship, and Estate Settlement Services

2 I n t ro d u c i n g T ru s t & W e a lt h Manag e m e n t regon Pacific Bank is one of the few community banks in Oregon offering comprehensive trust and estate settlement services. With Oregon Pacific Bank s Trust and Wealth Management department, you will be served by trust professionals who take a personal interest in understanding and meeting your financial objectives. We use a highly individualized approach and manage relationships with integrity and in complete confidence. As our client, you and your family will have the benefit of objective, unbiased advice on important financial issues, as well as on sensitive family matters. Oregon Pacific Bank s Trust and Wealth Management team has provided trust services to our communities since We are eminently qualified to offer a full range of personal trust, investment management, and estate settlement services to help you manage your affairs and to plan for your future. Our team can assist you in all of the following: trust administration charitable giving investment management estate settlement Oregon Pacific Bank is more than a bank. We have earned our clients confidence since 1996.

3 O u r Investment Philo s o p h y Our philosophy focuses on knowing you as our client and taking care to create a personalized plan that fits your needs. Your unique portfolio and investment objectives will be consistently implemented and reviewed to bring you the highest degree of success. Our planning includes four key elements: Policy Provides the guiding principles for the entire portfolio. It includes setting an investment objective that will incorporate the need for income, growth, risk tolerance, taxes, legal constraints, and return expectations. Gathering information and knowing the client are the key steps. Process Creates a framework for making changes in the portfolio that includes asset allocation guidelines, targets, and frequency of re-balancing. Discipline and consistency are the key elements. Implementation and Review Each individual investment must be selected not only for its performance history and expected results, but also on the basis of how it fits into the overall portfolio, asset allocation targets, and achievement of the investment objective. Once in place, the portfolio must be reviewed regularly to ensure that each investment continues to be appropriate, and that necessary changes are made. Investment Strategy Unlike most managers, our trust department does not have in-house proprietary mutual funds. We are able to select the best funds and managers for our clients. We are not commissioned-based, so our selection process is unbiased and based solely on criteria that will best meet our clients needs. Our in-house staff also provides oversight for a variety of unique assets including real estate, timber, and agricultural holdings.

4 O u r Serv i c e s Living Trust With Oregon Pacific Bank as the trustee or successor trustee of your revocable trust, you will gain the advantage of our years of experience in trust administration. You may participate in the management of your assets during your lifetime and determine how they will be distributed upon death. If you become incapacitated, your assets will be managed for your benefit. At death your trust assets will avoid probate and be distributed according to your wishes. Estate Settlement Oregon Pacific Bank can be named as the personal representative of your estate. Regardless of the size of your estate, you should not put this responsibility in inexperienced hands. Your will can designate us to handle this critical responsibility. We can manage all aspects of the estate administration process. We gather assets, pay debts, file all necessary tax returns, and pay taxes when due. We are able to administer unique assets including real estate, personal property, and collectibles. Charitable Trust Oregon Pacific Bank can act as the trustee of a charitable trust. A thoughtfully designed charitable trust can provide financial protection for you or your family members, as well as supporting your favorite charity. With a charitable trust, you may reserve the right to receive income during your lifetime with the charity receiving the residue upon your death. Significant income tax benefits may be available as well. Irrevocable Trust An irrevocable trust may be created for tax or estate planning purposes. All required tax work is managed by the trust department. Investment Management An investment agency account with Oregon Pacific Bank provides you with professional asset management and allows you to maintain as much control and direction of your investments as you would like. Our investment professionals will work with you to establish an investment strategy suited to your personal goals and circumstances. Conservatorship Oregon Pacific Bank can be court appointed as the conservator for a protected person. As the conservator, our job is to safeguard all conservatorship assets and to distribute funds for the care and support of the protected person.

5 C o r p o r at e T ru s t e e Serv i c e s Q & A 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 if it acts as your corporate trustee. A trust is a legal document that allows you to plan your estate and control your assets, plan for the possibility of physical or mental incapacity, and distribute your assets at death. When you set up a trust, you will name someone, called a trustee, to manage the assets your trust controls. will i lose control if i use a corporate trustee? No, if you have a revocable trust you can change your trustee at any time and for any reason. Even with an irrevocable trust, you or your beneficiaries may have the right to change the corporate trustee. Since a trust is a binding legal contract, the instructions you put in your trust while living must be followed by the trustee you select. how safe are trust assets? Trust assets are safe even if the bank should fail. By law, trust assets must be kept separate from all other bank assets. For example, they cannot be loaned out, mixed with the bank s own assets, or used to satisfy its creditors. You are protected against fraud, theft or any error made in the administration of your trust by regulatory oversight provided by internal, state, and federal examiners. can i name a friend or relative as trustee instead? Of course; however, this may not be the best choice. They may be too busy with their own affairs, may live far away, may not get along with other family members, or may lack the experience to manage the trust assets or to act as a fiduciary to the trust s beneficiaries. One option is to have a relative and a corporate trustee work together. This would give you the professional experience of a corporate trustee and the personal involvement of someone you know. should everyone use a corporate trustee? A corporate trustee is not for everyone, but it is something everyone should consider. You need to look objectively at your situation. If you have a modest estate and your trust is fairly simple, you may be fine being your own trustee and having a capable family member step in for you when you can no longer manage your assets. If your estate is larger, has a variety of assets, and includes tax planning, or if you doubt your relatives capabilities or intentions, definitely consider a corporate trustee. are there disadvantages to using a corporate trustee? The bank must objectively follow the instructions for the trusts they manage; therefore, some beneficiaries have found them to be uncooperative. However, that may be exactly what you want. Many trusts are established to provide direction to the trustee regarding when, and under what conditions, distributions are made to a beneficiary. If you are concerned about a corporate trustee being too impersonal, you can always name a family member or close friend to act as a co-trustee. is a corporate trustee expensive? Most are very reasonable, especially when compared to other investment managers or brokers. A corporate trustee will provide personal asset management and individualized services such as: bill paying, tax planning, help in gifting, help in finding housekeeping or personal care services and planning for pets, all for a small percentage of the value of the assets they manage for you. Because a corporate trustee s fee is based on the assets under management, and not the number of trades made, the trustee is motivated to help you grow your assets. Fees are charged according to a published fee schedule. You know exactly what you are paying and a portion of the trustee fee may be tax-deductible.

6 why would i use a corporate trustee? You will work with experienced professionals The bank manages trusts on a daily basis, and is intimately familiar with all aspects of trust management. The bank can buy and sell assets, pay bills, file tax returns, maintain accurate records, distribute funds, and has experience in managing a variety of assets. You will receive professional investment advice A corporate trustee gives its full attention to managing trust assets. After discussing your financial goals, risk tolerance, and long-term objectives, the bank will recommend the best investment strategy for you. Your wealth will be protected Corporate trustees are regulated by internal auditors and both state and federal agencies. Courts consider the bank an expert and expect it to meet a high standard of fiduciary duty. You will receive reliable services A corporate trustee will not become ill, die, get divorced, go on vacation, or retire. You will receive services objectively The bank will follow your trust instructions objectively and faithfully, which may be hard for family members to do. You will tap into a source of advice and referrals The bank can provide advice on investment, tax, retirement, and estate-planning issues and can refer you to attorneys and other qualified professionals as needed. You will enjoy peace of mind With a corporate trustee, you can focus on enjoying your life while having the knowledge that your affairs are well handled. when would i use a corporate trustee? Irrevocable Trusts If you set up an irrevocable trust (like a charitable or life insurance trust) or you plan to make gifts in trust, you may want or need to name someone other than yourself as trustee. Revocable Living Trusts A corporate trustee has full responsibility for managing your assets according to your instructions. You may be widowed, or not have children or other trusted relatives living nearby. You and your spouse may be in declining health. Even if you are capable of managing your own trust, you may not have the time, desire, or investment experience to manage your assets. As Co-Trustee If you want to utilize a corporate trustee s investment experience but still want to be involved, you could have the bank work with you as a co-trustee. Developing a working relationship with a corporate trustee now allows the bank to become familiar with your objectives and your beneficiaries needs and personalities, while you are still able to provide guidance and input. As Investment Agent You could name a corporate trustee as your agent. While a co-trustee has equal responsibility with you, an agent can have as much responsibility as you wish to delegate. You can have your agent manage only a portion of your trust s assets (your stocks and bonds for example) or just provide you with investment advice. You can make all the final decisions. As Successor Trustee If you decide to be your own trustee, consider naming a corporate trustee as your successor trustee. In this capacity, the bank will step in and manage your trust for you when you no longer can.

7 S a f e t y and Soundness of O r e g o n Pac i f i c Bank Our clients are protected in several key areas: Bank trust divisions are held by law to a fiduciary standard of loyalty to their clients which exceeds the standards to which other investment advisors are held. Trust assets are protected by frequent audits and examinations that monitor all trust activities. The bank as trustee/agent is regularly examined by federal and state regulatory authorities. The bank as trustee/agent is audited internally by an independent accounting firm to assure that no loss of funds occur through improper handling. A bank trustee is required to pledge bank assets to regulatory authorities for the faithful performance of trust duties.

8 T ru s t & W e a lt h Manag e m e n t O f f i c e Locat i o n s We welcome the opportunity to explain the many ways Oregon Pacific Bank can meet your individual trust and investment management needs. For more information, or to arrange a meeting, contact our staff at: C o r p o r at e Financial Center 1365 Highway 101 Florence, OR (541) Toll free (800) M e d f o r d T ru s t Office 860 O Hare Parkway, Suite 100 Medford, OR (541) Toll free (800) C o o s Bay Branch 915 S. First Street Coos Bay, OR (541) Toll free (866) R o s e b u rg Branch 2555 NW Edenbower Roseburg, OR (541) Toll free (877) (800) O u r H i s t o r y Oregon Pacific Bank was established on December 17, 1979 as a state-chartered Bank and member of the Federal Reserve System. Oregon Pacific Bank is headquartered in Florence and operates full service branches in Coos Bay and Roseburg, with a trust and loan production office in Medford. The Bank is dedicated to providing a full range of financial products and services, with primary emphasis on quality client service. Brokerage services were introduced in 1993 and the Trust and Wealth Management Department was established in Since then, Oregon Pacific Bank s Trust and Wealth Management team has experienced continued growth, expanding to Coos Bay in 2002 and to Medford in As we move forward into the future, we remain focused on our commitment to our clients and to the communities we serve. Many of the products are NOT FDIC insured, are NOT guaranteed by the Bank, and are subject to loss of principal.

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