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 Press Releases About TrustBank


Robert Glovitz and Michael Thomas elected to TrustBank Board of Directors

(April 16, 2007)

Robert J. Glovitz

Robert (Bob) Glovitz graduated with honors from Northeastern University with a B.S. in Business Administration, and received a Juris Doctor from American University in Washington, D.C. Glovitz was a licensed attorney in New York (inactive) and Ohio (inactive). Glovitz is a Certified Public Accountant and currently maintains an inactive status.

Glovitz is a lifelong entrepreneur. His most recent endeavor was Automated Dispatch Systems, a software firm that specializes in field service applications. Glovitz sold the firm in 2004. Glovitz is a four time finalist in the Ernst & Young Entrepreneur of the Year Award. He is currently President of Cortez Financial Ventures, Inc., a private investment entity.

Bob and his wife Cheryl are the parents of two sons, Blake and Adam. Bob is the former Chairman of the federally-chartered charity, The Christopher Columbus Fellowship Foundation.


Michael J. Thomas

Michael (Mike) Thomas was raised in Midland, Texas, graduated from Midland High School, and attended the University of Iowa from which he received a B.B.A. and an M.A., with concentrations in finance, marketing, and computer sciences.

Thomas has been an independent involved in the exploration for and production of oil and gas for the past twenty-eight years. Prior to that, he held various positions in the field of finance in the private sector.

Mike and his wife, Peg, a middle school English teacher, are the parents of two grown children, Zach and Meryl.




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NOTICE OF EXPIRATION OF THE TEMPORARY FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.