DELAWARE TRUST COMPANY ACQUIRES CORPORATE TRUST BUSINESS OF LAW DEBENTURE TRUST COMPANY OF NEW YORK
For Immediate Release
August 18, 2016
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Public Relations Manager
Wilmington, Del.–Delaware Trust Company (Delaware Trust), a wholly-owned subsidiary of Corporation Service Company® (CSC®) today announces its acquisition of 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. This builds upon Delaware Trust's recent expansion of services to better meet the unique needs of the market, including closed-end fund administration, administrative loan agency services, successor indenture trustee and other default administration services, and services for bankruptcy or distressed transactions.
"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.
About Delaware Trust
Delaware Trust Company provides a full suite of corporate trust and agency, independent director, fund administration, structured finance, and special purpose entity management services to corporations, law firms, financial institutions, institutional investors, and private equity firms. Delaware Trust is not affiliated with any lending institution or investment bank. It is licensed as a trust company in the state of Delaware and is regulated by Delaware's Office of the State Bank Commissioner. To learn more about Delaware Trust Company, contact us.