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 ?
Examiners stated that Trust Company offered a number of innovative and flexible lending products to increase lending in LMI geographies and to LMI borrowers, including Federal Housing Administration ("FHA") mortgages, which were offered throughout Trust Company's assessment areas.
Trust Company made more than 19,800 small business loans during the review period, totaling more than $2.
During the evaluation period, Trust Company extended qualified community development loan commitments totaling $294 million and issued $35 million in letters of credit for affordable housing and other community development purposes.
Historical account information back to the account's inception at Trust Company, including snapshots of accounts and complete transaction details
Read and place memos on an account for the advisor and Trust Company to see, providing up-to-the-minute updates on account activities and an active role in account management
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.
Being a part of Rockland Trust Company should also help us attract new clients who prefer that their qualified intermediary be owned by a financial institution.
Tompkins Trust Company is a strong, diverse and growing financial services company that has played a vital role in the development of our community for 170 years.
operates 36 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.
A subsidiary of Raymond James Financial, the Raymond James Trust Companies are comprised of the Raymond James Trust Company and the Raymond James Trust Company West.
Established in 1842, the Savings Institute Bank & Trust Company is a community-oriented financial institution headquartered in Willimantic, Connecticut.
Principal Trust Company is among the nation's premier providers of comprehensive trust and administrative solutions for employee benefit plans and individual tax-advantaged accounts offered through our brokerage and financial institution relationships.