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Greenleaf Trust Delaware is Granted Official Charter

Greenleaf Trust Delaware is Granted Official Charter

News provided by

Greenleaf Trust Delaware

Jan 23, 2018, 09:06 ET

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GREENVILLE, Del., Jan. 23, 2018 /PRNewswire/ -- We are pleased to announce that Greenleaf Trust Delaware has been granted a Delaware limited purpose trust company charter. This charter of Delaware trust powers enables Greenleaf Trust Delaware to provide trust administration under the robust trust infrastructure commonly known as the Delaware Advantage. Delaware is widely regarded as the premier trust jurisdiction given its sophisticated trust laws and Chancery Court.

"This is yet another step in our quest to anticipate and to deliver enhanced services to our high net worth clients. We can now better serve trust clients and partnering professionals who desire the sophisticated benefits of enhanced control, asset protection, and tax planning afforded by a Delaware situs trust," said Mike Odar, President of Greenleaf Financial Holding Company, the parent of both Greenleaf Trust Delaware and Greenleaf Trust, a Michigan Chartered Trust Only Bank.

Greenleaf Trust Delaware will serve as trustee for a wide array of trusts including dynasty trusts and directed trusts. The Delaware office will be led by an exceptionally talented team including Tonia Kennedy JD, CTFA, and Lara Jones-Perrins. Tonia has over twenty years of trust administration experience and will serve as our Delaware Vice President and Trust Officer. Lara, our Delaware Trust Administrator, has nearly twenty years of trust taxation expertise and most recently served as a Trust Officer within a family office environment.

William D. Johnston, Founder and Chairman of the Board of Greenleaf Financial Holding Company, summed up the news by saying, "We considered establishing an entity with trust powers in several different state jurisdictions. However, the evidence was clear that Delaware is and will continue to be the preeminent situs to meet the needs of sophisticated trusts and planning techniques. This will benefit our clients and their families for generations to come."

About Greenleaf Trust Delaware:

Greenleaf Trust Delaware, a Delaware limited purpose trust company, is regulated by the Office of the Delaware State Bank Commissioner. Greenleaf Trust Delaware is wholly owned by Greenleaf Financial Holding Company, a Delaware corporation. Greenleaf Financial Holding Company is also the sole owner of Greenleaf Trust, a Michigan non-depository trust bank regulated by the Michigan Department of Insurance and Financial Services. Both Greenleaf Trust and Greenleaf Trust Delaware provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management and other non-depository services. Greenleaf Trust and Greenleaf Trust Delaware offer personal trust, retirement plan and family office services to families and entities.

Greenleaf Financial Holding Company and its subsidiaries do not provide legal, tax or accounting advice. Please consult your legal, tax or accounting advisors to determine how this information may apply to your own situation.

Contact: Jim Gray, 269-553-6946

SOURCE Greenleaf Trust Delaware

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