Trust Company


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Trust Company

A corporation formed for the purpose of managing property set aside to be used for the benefit of individuals or organizations.

The settlor (the individual who creates the trust) names the trust company in order to ascertain that the property will be handled in accordance with his or her wishes as delineated in the terms of the trust.

Trust companies sometimes act as fiscal agents for corporations by attending to the registration and transfer of their stocks and bonds, serving as a trustee for their bond and mortgage creditors, and transacting general banking and loan business.

References in periodicals archive ?
We are very pleased to add a professional with Tom's breadth of professional experience to our team at Trust Company of America," said Stephan A.
section] 1828(c)) (the "Bank Merger Act") to merge with Allfirst Bank, with Trust Company as the surviving institution.
The attainment of trust powers complements our range of global custody services and positions us well for continued expansion in Canada," added John Pike, President of The Northern Trust Company, Canada.
Founded in 1971 and headquartered in New York City, American Stock Transfer & Trust Company currently services more than six million shareholder accounts on behalf of 2,500 public company equity issuers.
The new President views The Trust Company as a valuable franchise.
operates 38 banking offices in the New York State markets served by the Company's subsidiary banks - Tompkins Trust Company, The Bank of Castile, and Mahopac National Bank.
4 billion in assets under management, Eagle Management & Trust Company has been a subsidiary of Guinness Peat Group of London.
TCRepresentative is a natural extension of Trust Company of America's services offered to advisors.
Chambers, Chairman and Chief Executive Officer of the Merrill Lynch Trust Company.
When the transaction closes Rockland Trust Company will acquire assets from Compass Exchange, which is headquartered in Plymouth, Massachusetts, and begin to offer qualified intermediary services pursuant to Internal Revenue Code *1031 to corporate, institutional, and individual property owners.