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 ?
One of Alaska Trust Company's main focuses is educating clients about the unique advantages trusts provide.
The Economic Update views expressed are those of Farmers and Merchants Trust Company and are based upon information believed to be reliable.
Jayne joined Orange Bank & Trust Company in 1989 as Assistant Branch Manager.
Salisbury Bank and Trust Company is the wholly owned bank subsidiary of Salisbury Bancorp, Inc.
Loomis Sayles Trust Company, LLC Kevin P, Charleston
Long Beach, CA, December 21, 2011 --(PR.com)-- Global equity markets surged nearly 8% in the last three days of November, while the bond market continued to struggle with low yields, according to Farmers and Merchants Trust Company's (FMTC) November Economic Commentary.
Trust"), a wholly owned subsidiary of Schwab, operates depository institutions in California, Connecticut, Florida, New York, North Carolina, and Texas, as well as a nondepository trust company in Delaware.
The Industrial Bank of Japan Trust Company, a subsidiary of The Industrial Bank of Japan, Limited (a member of the Mizuho Financial Group) provided Common Ground with bridge financing in the amount of $2.1 million.
Global Banking News-May 29, 2019--Home Trust Company wins Lender of the Year Award