Michigan- Erik L. Schaeffer, Trust Assistant was recently awarded the Certified Trust and Financial Advisor (CTFA) designation from the Institute of Certified Bankers (ICB), a subsidiary of the American Bankers Association, in Washington, DC.

“Erik’s new credentials will enhance his already strong knowledge of the Trust and Investment Management business” stated Dylan Foster, First Vice President and Trust Investment Officer of Century Bank and Trust. “We are very proud to have someone of Erik’s caliber on our staff at Century Bank and Trust.”

Schaeffer, is a graduate of Indiana University-Purdue University of Fort Wayne with a major in Finance as well as a graduate of the Cannon Financial Institute. Within the community, he is a Member of The Coldwater Exchange Club and Member of the Calhoun County Estate Planners Council.  Schaeffer specializes in portfolio and asset management along with personal trust and estate administration.  He can be reached by phone (517) 278-1569 or by e-mail at ErikSchaeffer@centurybt.com.

The CTFA designation is awarded to individuals who demonstrate excellence in the field wealth management and trust.  To qualify for the CTFA certification, individuals must have certain levels of experience and education in the trust profession, pass an exam, and agree to abide by a code of ethics.  The CTFA exam covers many areas including fiduciary and trust activities, financial planning, tax law and planning, investment management and ethics.

Financial services professionals, working through the ICB, initiated the CTFA designation with eight others in order to establish meaningful standards of knowledge in specialty areas of the financial services industry.  ICB certifications formally recognize those who meet these standards and meet professional continuing education and development requirements. 

The ICB, with over 9,000 certified members, provides financial services professionals with confidence, credibility and recognition through its certifications. As a subsidiary of the American Bankers Association, ICB promotes the highest standards of performance in the financial services industry by validating individuals’ knowledge and expertise. For more information about the ICB and its professional certifications, call 202-663-5092 or visitwww.aba.com/icb.

About the Trust and Investment Management Group
The Trust and Investment Management Group currently manages over $255 million in assets with over 100 years of combined experience. The staff of the Trust and Investment Management Group has the expertise necessary, through CERTIFIED FINANCIAL PLANNER™ (CFP) professionals and Certified Trust and Financial Advisors (CTFA) to assist you with all of your investment and trust management needs. All trust officers are trained in financial, estate, tax and retirement planning as well as investments and insurance. In addition, all officers attend annual seminars and educational events to remain current on these disciplines.

About Century Bank and Trust
Century Bank and Trust was founded in 1890, as an independent community bank. As an independent community bank, Century Bank and Trust makes its business decisions locally for the continued success of its customers.   Century's goal is to keep the local area's communities financially strong and growing and Century uses its deposits to make loans to local businesses and retail customers so the money stays within the community.

Specializing in building relationships with its customers and communities, Century focuses on long-term, multiple account relationships and customized products that fit customer needs.

Within the community, Century Bank and Trust, is proud to support over 250 local charities, events and organizations.  

To learn more about Century Bank and Trust visitCenturyBankandTrust.com or call Toll Free (866) 680-2265.