Trust company


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Trust company

An organization that acts as a fiduciary and administers trusts.

Trust Company

A company, usually a division of a bank or brokerage, that acts as a trustee. In this relationship, one party, known as the trustor, gives to the trustee the right to hold and invest assets or property on behalf of a third party, known as the beneficiary. Most trusts exist to provide for the financial future of a minor child or mentally incompetent person, or may benefit charitable organizations. Many trusts are exempt from taxation on money given to the beneficiary, but trust companies may charge a fee in order to administer the assets. See also: Trust.
References in periodicals archive ?
Trust Company of America is a specialized custodian whose primary business is serving asset managers.
Overview: In the 2002 Evaluation, (23) Trust Company received "outstanding" ratings under the lending, investment, and service performance tests.
The Northern Trust Company established its first Canadian banking relationship in 1905 and its first Canadian client global custody relationship in 1981.
The addition of Eagle Management & Trust Company complements Boatmen's other recent Texas acquisitions.
Representative activity reports - Daily, weekly, bi-weekly or quarterly, Trust Company provides 14 different management metrics on representative activities
For the convenience of clients, the new Merrill Lynch Trust Company office is in the same building as the Merrill Lynch brokerage office, at 249 Royal Palm Way, Palm Beach, Fla.
This purchase will enhance our deposit-gathering capabilities and add fee income, while further diversifying the scope of services Rockland Trust Company has to offer.
into BT Financial Corporation and FirstSouth Savings Association into Fayette Bank and Trust Company are expected to be consummated no later than Dec.
Hartz has been identified to succeed current Tompkins Trust Company CEO, James J.
Fowler served as Vice President of Morgan Guaranty Trust Company of New York.
THORN]At Raymond James, our primary goal is to provide our clients with the best philanthropic knowledge, tools and support services available to help facilitate their charitable initiatives,[THORN]O said David Ness, president of Raymond James Trust Company and Raymond James Trust Company West.
April 19 /PRNewswire/ -- Bankers Trust Company Connecticut, Ltd.