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.

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References in periodicals archive ?

Optima Bank and Trust Company has approximately USD 524m in total assets, and operates six New Hampshire locations.

Cambridge Trust Receives Regulatory Nods to Merge with Optima Bank and Trust

This is a key initiative for us as we continue to provide important services for clients and participants, said Stephanie Adams, Vice President, Head of Trust Services, TIAA-CREF Trust Company, FSB.

United States : TIAA-CREF Trust Company, FSB Adopts SEI Wealth Platform

* Midwest Banc Holdings, Inc., Melrose Park, Illinois, and Midwest Bank and Trust Company, Elmwood Park, Illinois

Enforcement actions

As Alaska's first and only independent trust company, it has become a leader in providing traditional trust services and is considered the leading expert in the country on Alaska's special trust arrangements.

Alaska Trust Company

Gary Anetsberger, CEO of Millennium Trust Company, said, "We're thrilled to receive this recognition from Crain's as one of Chicago's fastest-growing companies, an honor that serves as a testament to our exceptional talent and dedication to advisors, financial institutions, businesses and individuals.

Millennium Trust Company selected by Crain's Chicago Business

The 12 brick-and-mortar locations in Illinois, Minnesota, and Wisconsin will reopen as branches of First-Citizens Bank & Trust Company during their normal business hours.

United States : First-Citizens Bank & Trust Company, Raleigh, North Carolina, Assumes All of the Deposits of Guaranty Bank, Milwaukee, Wisconsin

Farmers and Merchants Trust Company is the oldest, continuously operating trust company in California, serving multiple generations since 1920.

2011 Ends with Mixed Results, More of the Same Expected in 2012 According to Farmers and Merchants Trust Company

Taylor, vice president of corporate real estate for Northern Trust Company.

Financial services tenants beginning to add up at Harborside

The order requires the First Bank and Trust Company to pay a civil money penalty of $7,750, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.

Enforcement actions

Orange Bank & Trust Company has announced the promotion of Jayne Rzeczkowski to the role of Senior Vice President and Chief Operating Officer, heading the Bank's operational departments while continuing to serve as the Bank's Compliance Officer and Corporate Secretary, the company said.

Orange Bank & Trust appoints SVP/chief operating officer

6 December 2018 - Massachusetts, US-based Cambridge Bancorp, the holding company for Cambridge Trust Company and New Hampshire-based Optima Bank and Trust Company have agreed to a merger under which Optima will merge with and into Cambridge Trust in a stock and cash transaction, the company said.

Cambridge Bancorp, Optima Bank/Trust to Merge in Deal Valued at USD 67m

Lakeville, CT: Salisbury Bank and Trust Company completed its acquisition of the Fishkill, New York branch of Orange Bank & Trust Company, the wholly owned bank subsidiary of Orange County Bancorp, Inc.