Are trust services intended to become a material segment of the financial institutions operations?
(b) Please submit to this Office specific budget projections and pro forma financial statements for the first three years of operation. If profitability is not anticipated within the first three years, document the anticipated time frame for the Department to become profitable. (This information may be submitted in a separate attachment.) (c) Provide details (name, address, qualifications, etc.) of any proposed investment advisors to be used and the method(s) of selection. (d) Provide details of proposed accounting/record keeping methods to be used in servicing fiduciary accounts. (e) Provide details of any anticipated investment that will be required to provide for formation and implementation of the Trust Department and its related activities. 4. In support of this application, the following data is requested: (a) The need in the community or among financial institution customers for fiduciary services. Include types of services necessary and prospective sources of fiduciary accounts
