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FileNo.333236396UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549FORMT1 STATEMENTOFELIGIBILITY UNDERTHETRUSTINDENTUREACTOF1939 OFACORPORATIONDESIGNATEDTOACTASTRUSTEECHECKIFANAPPLICATIONTODETERMINEELIGIBILITYOFATRUSTEEPURSUANTTOSECTION
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Branch banking and trust refers to a banking system where banks operate multiple locations (branches) offering various financial services, including trust services, which manage assets for individuals or organizations.
Financial institutions such as banks and trust companies that operate branch offices are typically required to file branch banking and trust reports.
To fill out a branch banking and trust report, entities must provide information on their branches, including assets, liabilities, and trust activities to the relevant regulatory authority, following specified guidelines.
The purpose of branch banking and trust is to ensure compliance with financial regulations, provide transparency about a bank’s operations, and protect customer interests in both banking and trust services.
Institutions must report details such as the number of branches, financial statements, trust account balances, and any changes in management or ownership.
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