Sarasota Private Trust Company, LLC, Granted Charter by Florida Office of Financial Regulation

SARASOTA, Fla., Jan. 7, 2019 /PRNewswire/ -- Sarasota Private Trust Company, LLC is pleased to announce that the Florida Office of Financial Regulation (OFR) has approved its application to organize as a non-depository trust company.  

Sarasota Private Trust Company is privately owned by several prominent Sarasota families, along with New York Private Bank & Trust (NYPB&T), the largest family-owned and operated private financial institution in the nation. NYPB&T is led by philanthropist, financier and entrepreneur Howard Milstein, representing the third generation of New York's prominent Milstein banking and real estate family.

The new charter, which was granted on December 31, 2018, will allow Sarasota Private Trust Company to serve clients by providing a depth of resources and expertise unique to the Sarasota market.

"I am very pleased that Sarasota Private Trust has been chartered as a non-depository trust," John Hart, Chief Executive of Sarasota Private Trust Co, said. "There are very few businesses in our region that offer our level of investment management services to Sarasota clients."

"We are a locally owned investment management firm with roots in a much larger national investment firm," Mr. Hart added. "The values of Sarasota Private Trust Company mirror that of our clients and prospective clients. We look forward to providing comprehensive services to Sarasota families as they look to preserve and grow their wealth across generations."

The Florida Office of Financial Regulation (OFR) provides regulatory oversight for Florida's financial services industry. Their mission is to protect the citizens of Florida, promote a safe and sound financial marketplace, and contribute to the growth of Florida's economy with smart, efficient and effective regulation of the financial services industry.

For more information, visit the Sarasota Private Trust Company website, at www.sptco.com.

About New York Private Bank & Trust (NYPB&T)

Founded in 1850 to serve the financial needs of a growing America and a dynamic emigrant population, New York Private Bank & Trust and its operating bank, Emigrant, is now the largest privately-held, family-owned bank in America. Emigrant offers fully-integrated banking, custom lending, insurance services and trust administration services to meet the needs of wealthy individuals, families, endowments, foundations and corporations, directly and through its various subsidiaries, including Emigrant Capital, New York Private Trust, Emigrant Fine Art Finance, Personal Risk Management, Galatioto Sports Partners and New York Private Bank & Trust.

CONTACT:    
PRCG | Haggerty LLC
(212) 683-8100
Jim Haggerty, [email protected]
Isaac Benjamin, [email protected]

SOURCE New York Private Bank & Trust

Related Links

http://www.sptco.com