Delaware Trust a wholly-owned subsidiary of Corporation Service Company acquired the corporate trust business of Law Debenture Trust Company of New York.
The addition of this book of business is the latest step in Delaware Trust’s expansion of corporate trust and capital markets services.
The purchase builds upon Delaware Trust’s recent expansion of services to better meet the unique needs of the market, a release stated.
“This acquisition strengthens our position in the corporate trust industry, which has been an important contributor to CSC’s success for over a decade,” says Bill Popeo, president and chief executive officer, Delaware Trust. “It will also create more opportunities for future growth and strengthen our position as the leading independent provider of trust and capital market services.”
Delaware Trust is not affiliated with any lending institution or investment bank. Its specialized team of attorneys, financial professionals, and trust experts pride themselves on providing superior client service, timely and accurate processing, and flexible solutions for clients.
“Law Debenture’s clients will receive the same comprehensive service and quality they’ve grown accustomed to—now with Delaware Trust. We pride ourselves on our high Net Promoter Score, indicating an unmatched level of customer service,” says Popeo.
The Delaware Trust name is familiar to residents of the First State as it was used by a financial institution that several mergers later became part of Wells Fargo.
CSC sold off a large personal trust business several years ago, but kept other trust holdings that later became known as Delaware Trust.
