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Grand Rapids, Mich. (June 29, 2023) – Legacy Trust, the largest private trust bank headquartered in
Grand Rapids, announced today the appointment of Steven A. Doorn, CFA, as Chief Investment Officer.
Doorn joined Legacy Trust in 2017 and brings more than 30 years of banking and wealth management
experience to the position. He is a Chartered Financial Analyst who previously served as Senior Vice
President and Director of Portfolio Investment for Legacy Trust.

“Steve has played a key role in developing investment strategy for our firm and has been a valuable
member of the advisor team over the past six years,” said Tracey Hornbeck, President and CEO of Legacy
Trust. “His ability to monitor market trends and position our clients for success has been essential to our
investment performance.”

In his new role, Doorn will lead and oversee the development and execution of Legacy Trust’s
investment philosophy and asset management strategies. Additionally, he will manage key individual
and family office portfolios, and work with the firm’s wealth management staff to deliver investment
solutions that are customized to meet the financial needs of each individual client. Doorn will also serve
as a member of the firm’s executive team.

“I’m grateful to work for such an outstanding firm and for the opportunity to serve in this new role,”
said Doorn. “Legacy Trust has long been a leader in providing customized financial planning, wealth
management and estate planning services for its clients. Its professional reputation is built on customer
service, experience and investment outcomes. I’m honored to be a part of such an exemplary team.”
Doorn replaces Laina Mills who recently resigned from Legacy Trust in order to spend more time with
her family.

“Steve’s promotion to Chief Investment Officer speaks to the depth of professional experience that has
been developed under Tracey’s leadership at Legacy Trust,” said Steven Heacock, Board Chair. “Steve
has distinguished himself as a savvy and strategic financial advisor during his time with the firm. His
work has been vital to the growth of Legacy Trust and the performance of our client’s portfolios. We’re
fortunate to have such an experienced person ready to step in.”

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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