Capital Trust Company of Wilmington, Del., has forged an agreement to offer its services through a bank that specializes in serving health care professionals.
The trust company has formed an alliance with The Doctors Bank SM, a division of Beach Business Bank, in Manhattan Beach, Calif. The banks clientele is mostly doctors and dentists.
Capital Trust, with more than $700 million in personal trust assets and $4 billion in total assets, specializes in offering trust services through independent financial advisors.
"Our alliance with The Doctors Bank is an excellent fit," says Jeffrey R. Lauterbach, CEO of Capital Trust. "Strong, marketing-oriented community banks, especially those with access to excellent independent money management services, can use trust services to hold onto and attract customers that they might otherwise lose to major regional or mega-banks."