Custody 1

Chain Bridge Bank, N.A. provides national bank custody to help clients hold and maintain assets. This type of custody has emerged as the gold standard for safekeeping because of its design mechanism of segregated custody. National banks must segregate their assets held in custody; broker-dealer do not face this requirement. This stark regulatory difference plays a pivotal role in enhancing the safety of the assets and provides an extra sense of security to the clients who trust national banks with their wealth.

Custodial Services
Custody refers to services that include holding securities, settling transactions, collecting income, processing corporate actions, providing information assets, and tax reporting. Chain Bridge Bank, N.A. as custodian ensures that client assets are securely held, correctly administered, and remain off of its own balance sheet. Clients can streamline their asset administration and benefit from robust security measures to protect their investments with this custodial arrangement. Chain Bridge Bank, N.A. also provides reporting and valuation services to assist in investment decision-making. Its custody services combine safety, efficiency, and convenience to manage and protect clients’ financial assets for the long term.

In the realm of financial services, the secure custody of assets is a paramount concern. While brokerage clients may by default use their broker-dealer as custodian, that choice bears certain risks. Assets entrusted to broker-dealers may occasionally become exposed to claims by the broker-dealer’s creditors because they are not segregated off the balance sheet. This can potentially jeopardize the security of the client’s assets, creating a certain degree of financial uncertainty.

National bank custody as offered by Chain Bridge Bank, N.A. uses a distinct approach to the safekeeping of financial assets: segregated custody. This strategy ensures that client assets are scrupulously maintained in separate accounts off the balance sheet. As a result, these client assets remain absolutely inaccessible to the custodian’s creditor claims. This feature is not just a procedural formality; it is a defining element that reinforces the protection of client assets and sets national bank custody apart from other methods of asset custody.

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Connect with Us

Gregory Smolen
Vice President

Trust & Wealth
Department Manager

Michelle Martinez
Vice President

Trust & Wealth
 Trust Officer

Richard Dunbar
Assistant Vice President
Trust & Wealth
 Operations Manager 

Investment products and services are:

Not a Deposit  ●  Not FDIC Insured  ●  May Lose Value  ●  Not Bank Guaranteed  ●  Not Insured by any Federal Government Agency

Chain Bridge Bank, N.A. offers investment products, which may include bank managed accounts and custody, as part of its trust and fiduciary services. Investment products, including but not limited to, stocks, bonds, mutual funds, and exchange traded funds are: not FDIC-insured; not a deposit or other obligation of, or guaranteed by, Chain Bridge Bank, N.A.; not guaranteed by any Government agency; and subject to investment risks, including possible loss of the principal amount invested.

Chain Bridge Bank, N.A. and employees do not provide tax, legal or accounting advice. Information presented on these web pages is not intended to provide, and should not be relied on for tax, legal and accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transaction.

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