Delaware Trust name returns

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CSCThe name of Delaware Trust Co. has returned with CSC renaming one of its operations.

CSC Trust Company of Delaware, a wholly owned subsidiary of locally based Corporation Service Company, announced that it will now operate under the name Delaware Trust Company.

The new name encompasses Delaware Trust’s trust and agency, special purpose vehicle, and independent director services.

The name Delaware Trust is part of a larger rebranding effort and better mirrors our expanded capabilities,” said Delaware Trust President and CEO Bill Popeo.

In recent years, Delaware Trust has serviced the bankruptcy, structured finance, real estate, international tax and M&A markets. The Delaware Trust team is made up of lawyers, certified public accountants and other professionals. None of this means, the company’s operations will expand into banking.

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We are a privately held company that is not affiliated with a bank, lender or any other third party. That will not change,” said Popeo. “Our staff, locations, management and ownership structure will remain the same. Also, our flexibility and responsiveness remain top-notch.”

Delaware Trust is a wholly owned subsidiary of Corporation Service Company. The company was founded in Delaware to help companies incorporate in the state.

It has since become a national and international player through growth and acquisitions.

Delaware Trust was a banking and trust company that was part of the family holdings of Alfred I. duPont, one of the members of the family that made a fortune in building DuPont Cop. The smallest of the three large banks in the state, it was acquired in 1987 by Meridian Bank, which after a number of mergers is now part of Wells Fargo.

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