October 19, 2018
 
PRESS RELEASE

NEW JERSEY BANK REPRESENTS
PRIVATE TRUST GROUP OF AMERICA'S FIRST
TRUST RESOURCING CLIENT OUTSIDE OF NEW ENGLAND
 
 
 

 
Newburyport, Massachusetts
June 8, 2005

In its first foray outside of New England, Private Trust Group of America recently signed a long-term Business Development and Strategic Resourcing Agreement with First Hope Bank, one of New Jersey’s oldest and most respected community banks. Under the agreement, Private Trust Group of America will provide complete administrative and operational support for the bank’s trust department, thus allowing management to focus on gathering assets and managing client relationships.

After completing recent steps to add new, dynamic leadership to expand the family-owned bank’s wealth management services, First Hope Bank’s Trust Committee began searching for a solution that would allow continued growth without straining its back office administrative and operational capacity.

According to Ed Walker, Senior Vice President in charge of the Bank’s trust and wealth management services, “We were searching for a firm that shares First Hopes’ entrepreneurial philosophy regarding the expansion of our Trust and Investment business. We had spoken to a number of different vendors, but PTG’s ownership stood out because their industry knowledge, operational expertise and state-of-the-art technology platform distinguished them immediately as the firm that best personified all of the qualities we were looking for. I fully expect this relationship to be a long and mutually beneficial one.”

According to Sandi Lotito, Founder and General Manager of Private Trust Group of America, “We are very pleased to associate ourselves with a family-owned bank that has succeeded for so many years by providing valued services to its local community. Everyone we have dealt with at First Hope Bank has exhibited the qualities that our company strives for, which are to bring a high level of entrepreneurial spirit, personal service and customer loyalty to each of our relationships.”

Business Development and Strategic Resourcing solutions offered by Private Trust Group of America allow banks and other wealth management offices to direct more of their financial resources to the human capital necessary to gather assets and manage client relationships, and less to costly back office administrative and operational support structures that depress profit margins.

About Private Trust Group of America
Private Trust Group of America is an employee-owned company specializing in providing administrative and operational support to trust departments and wealth management offices nation wide. With an executive staff that has over 100 years of combined trust and related technology experience, and a professional staff whose average experience exceeds 22 years, Private Trust Group of America offers an unusually high degree of frontline sophistication to its client base.

CONTACT INFORMATION:
Sandi Lotito, Founder & General Manager
Private Trust Group of America
29 Water Street Suite 215
Newburyport, MA 01950
P 978.463.9099
F 978-463-9499
Email: sbl@privatetrustgroup.com

 

 
 
 
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