| Safeguarding Your Assets |
Sabal Trust Company's commitment to safeguarding assets is demonstrated through regulatory oversight, external audits, trusted partners, ownership, insurance coverage, and capital requirements.
Regulatory Oversight
Sabal Trust Company is licensed and regulated by the State of Florida, Office of Financial Regulation (State) as a "limited charter state bank." Our bank charter limits us to trust, investment management, asset custody and other non-banking activities. While a Bank, we are not permitted under our current charter to accept deposits or make loans. Bank examiners from the State conduct regular examinations of Sabal Trust Company which include a review of our operations, internal controls, audits, compliance activities, account administration, asset management, and financial results and trends.
External Audits
Sabal Trust Company is required to have an annual Directors Audit by a qualified independent firm that includes a review of all of our account administration and asset management activities. This audit is reviewed by the Board of Directors and filed with and reviewed by the State. In addition, our financial statements are audited on an annual basis by an outside public accounting firm and filed with the State.
Trusted Partners
Sabal Trust Company is required to keep our client assets separate from our corporate assets. Our client assets are in custody at Depository Trust Company (DTC) and the Federal Reserve through a sub-custodian arrangement with Reliance Trust Company located in Atlanta, Georgia. Reliance is the largest independent trust company in the United States. DTC is the largest securities custodian in the World and provides services to most of the financial services companies in the United States.
Insurance Coverage
The State requires trust companies to have adequate insurance protection. Sabal has secured coverage which includes:
Professional Liability (Trust Errors and Omissions)
Financial Institution Bond
Directors and Officers Liability
Capital Requirements
The State establishes a minimum capital level for trust companies and monitors that capital and how it is invested. Sabal Trust Company is required to file quarterly financial reports on our capital and profitability with the State.
Ownership
Sabal Trust Company is owned by its directors and officers. Our directors are well-established local business owners and professionals. Our officers average over 20 years of experience and are long-time active members of our communities. Our capital and our reputations are invested in Sabal Trust Company.
