On June 24, 2021, American Trust Company announced it will acquire LT Trust Company.
Under the terms of the agreement, American Trust Company (“ATC”), a subsidiary of EdgeCo Holdings, Inc., will acquire LT Trust Company (“LTTC”). The acquisition remains subject to regulatory approval and customary closing conditions. Terms of the deal were not disclosed.
ATC, based in Memphis, is a retirement plan provider focusing on plan design, fiduciary oversight, discretionary trust services, cost efficiency, service and technology.
LTTC, based in Denver, is a retirement plan provider focusing on recordkeeping, trust, and custodial services. Raymond James Financial, Inc. acted as financial advisor to LTTC on the transaction.
To read the press release: please click here.