First Mercantile Trust (EdgeCo) Acquires American Trust Retirement
February 11, 2019
First Mercantile Trust Company, a subsidiary of EdgeCo Holdings, has completed the acquisition of American Trust Retirement from American Trust & Savings Bank. The deal brings ATR's recordkeeping, collective investment trust, and discretionary trustee capabilities into EdgeCo's retirement platform to expand national coverage, capabilities, and service offerings for financial intermediaries and small- to mid-market plan sponsors.
- Targets
- American Trust Retirement
- Sellers
- American Trust & Savings Bank
- Industry
- Financial Services
- Location
- Iowa, United States
- Transaction Type
- Buyout
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