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 ?
Trust Company also received an "outstanding" rating from the New York State Banking Department, as of April 2000.
Overview: In the 2002 Evaluation, (23) Trust Company received "outstanding" ratings under the lending, investment, and service performance tests.
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.
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.
Representative activity reports - Daily, weekly, bi-weekly or quarterly, Trust Company provides 14 different management metrics on representative activities
Fee breakdown reports - As an extension of Trust Company calculating, accessing, and delivering management fees to the advisor, the fee breakdown report helps advisors calculate subsequent payments to their representatives
While details of the all-cash transaction were not disclosed, Rockland Trust Company will pay approximately 50% of the consideration at closing.
At Tompkins Trust Company, Greg Hartz is a great choice, due to his long-standing commitment to the community and to the values which have made the bank successful since 1836," Byrnes stated.
In November 2005, SIBT acquired certain assets from the former Circle Trust Company of Darien, Connecticut.
Our business has grown and evolved over the past 30 years and we feel the Principal Trust Company name better encompasses the trust services we provide our clients including those serviced through member companies of the Principal Financial Group.
First Merchants Trust Company unites the trust and asset management services of all affiliate banks of the Corporation and represents one of the largest trust companies in the State of Indiana, with assets in excess of $1.