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Employee Stock Ownership Plans (ESOP) |
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Evolve Bank & Trust offers fiduciary services
in a specialized defined capacity - we serve as an independent
trustee for Employee Stock Ownership Plans (ESOPs).
For the estimated 11,500 U.S. corporations that have already adopted
ESOP plans and trusts, as well as for the many corporations adopting new
plans each year, the engagement of an independent ESOP trustee is a
necessity for eliminating the possibility of internal conflicts of
interest, as well as for insulating the corporation, its officers and
directors from liability exposure to litigation and critical review by
regulatory authorities.
In the spirit of Evolve Bank & Trust's 80 year tradition of
providing specialized financial services with the familiarity and
convenience of a home town bank, the focus of Evolve's ESOP division
is
servicing the ESOP
community as an independent fiduciary and trustee.
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We pride
ourselves on developing and maintaining a personal relationship with
every client. This allows us to identify and address the specific needs
of each, and enables us to provide them with the necessary fiduciary
protection. Our personalized approach assists us in safeguarding the
assets of the plan for the benefit of the participants, and in insuring
that the plan's objectives are fulfilled in compliance with applicable
state and federal law.
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