Trusts are being used more often for financing mortgage loans, which can be an effective way to optimize asset management and minimize lender risk.
Key Benefits of Using Trusts in Mortgage Loan Financing
ATG Trust, which has $387 million of assets under management, handles land trusts and administers court-supervised guardianships.
The Indiana company agreed to acquire Hoosier Trust, which manages about $300 million in assets.
Credit Union Trust, a new credit union service organization, has obtained a bank charter that it will use in offering trust and investment-related services.
The company will open its first office in Iowa after buying the business from Bankers Trust.
Southeastern Trust is being sold to a group led by the unit's management team.
The purchase will significantly increase Hancock's assets under management and administration.
The deal includes roughly 120 client relationships. Employees in CenterState's trust department will join Cypress Trust.
Plimoth Investment Advisors, a firm owned by two mutuals in Massachusetts, is buying the business.
