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Grand Rapids, Mich. (September 12, 2023) – Legacy Trust, the largest private trust bank headquartered in Grand Rapids, is pleased to announce the appointment of Larry Andrus to its Board of Directors. Mr. Andrus brings more than 50 years of professional sales, leadership and business ownership to this new role.  


Mr. Andrus’ professional experience includes owning and leading Andrus Advisors, LLC, a business, personal and nonprofit consulting and mentorship firm in Grand Rapids, as well as the Trivalent Group also based in Grand Rapids, which he sold to Rehmann in 2018. His other professional work includes 15 years in the high-end technology leasing industry, serving as Vice President of the Central Region for AT&T Capital. He started his career with the Burroughs Corporation working in sales, sales management, Great Lakes District product management and serving as one of the youngest branch managers in the country.  


“Larry is a terrific business and community leader and we are very pleased to have him join our Board,” said Tracey Hornbeck, president and CEO of Legacy Trust. “He brings a wealth of wisdom and experience, as well as a tremendous passion for our community. We’re fortunate to have him join our organization.” 


In addition to his professional accomplishments, Mr. Andrus is a dedicated civic leader, lending his time and talents to many nonprofit organizations. He served as President of the Grand Rapids Jaycees and Foundation, and Chair of the Better Business Bureau of Western Michigan. He was also on the Board of the Comprehensive Therapy Center, a member of the Advisory Board of the Autism Support of Kent County, and served on the campaign cabinet for Make-A-Wish of Michigan. Passionate about education, Mr. Andrus has also served as a member of the Board of Trustees for Alma College and received the Distinguished Alumni Award from the college in 2020. He has also given his time to the Catholic Schools in Grand Rapids. 


“Legacy Trust is an elite financial institution in West Michigan and I am proud to join their Board of Directors,” said Mr. Andrus. “As a locally-based investment management, trust services and wealth planning firm, the advisors and leadership are focused on the specific needs of their clients. It’s that personal service and overall excellence that sets them apart from other companies in the industry.” 


Legacy Trust is an independent, locally owned, Michigan-chartered bank that was founded in 2004. Its staff specializes in providing wealth management, planning and trust services to individuals, families, foundations and nonprofits in the region. It has been recognized multiple times as one of the Best and Brightest Companies to Work for in West Michigan. 


“Larry is a dynamic leader, advisor, business owner, civic leader and philanthropic supporter in our community – someone who has achieved great things over several decades,” said Legacy Trust Board Chair, Steve Heacock. “We are grateful to add his extensive business knowledge and insights to Legacy Trust.” 


Mr. Andrus’ appointment to the Board was finalized on September 7, 2023.   

Legacy Trust and Your Right to Financial Privacy

At Legacy Trust we have established policies and practices that respect the financial privacy of all individuals who use our trust company. We believe it is critical to comply with the laws and regulations designed to secure your financial privacy. Your relationship with us as our client is very important to us, and we want you to understand our policies and practices about handling your information.

This Policy applies to you – This Policy applies to our relationships with individual clients who inquire about or obtain products or services from us for personal, family and household purposes.

Strict security measures – We take the security of information very seriously. We have established security standards and procedures to prevent access to client information. We maintain physical, electronic and procedural safeguards to guard client information.

Limited employee access – We have established procedures to limit employee access to information to only those employees with a business reason for accessing such information. We educate our employees about the importance of confidentiality and client privacy. We take appropriate disciplinary measures to enforce employee responsibilities regarding client information.

Why we collect information – We collect information about you to:

  • accurately identify you;
  • protect and administer your records, accounts and funds;
  • help us design or improve our products and services;
  • understand your financial needs;
  • save you time when you apply for new products and services; offer you quality products and services; and comply with certain laws and regulations;

We collect information – We collect and maintain your personal information so that we can provide investment management and other services to you. The types and categories of information that we collect and maintain about you include:

  • Information we receive from you to open an account or provide investment advice or other services to you (such as your home address, social security number, telephone, financial information and investment objectives).
  • Information that we generate to service your account or from our transactions with you (such as account statements and other financial information).
  • Information on your transactions with nonaffiliated third parties.

We have established procedures so that the financial information we collect is accurate, current and complete. We are committed to work with you to promptly correct any inaccurate information.

Our selective sharing of information – In order for us to provide investment management and other services to you, we do disclose your personal information in very limited instances, which include:

  • Disclosures to nonaffiliated companies as permitted by law, including those who help us service your account (such as providing account information to brokers and custodians).
  • Other limited disclosures as permitted by law, for example, required reports to government entities.

We do not share your information with third parties for marketing purposes. We do not sell your information.

Former clients – If you end your relationship with us, we will continue to adhere to the privacy policies and practices described in this notice.


Important Information About Procedures For Opening A New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

We apologize for any inconvenience this may cause; however, federal law prohibits us from waiving these requirements.

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