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PRESS RELEASE
NEW JERSEY BANK REPRESENTS
PRIVATE TRUST GROUP OF AMERICA'S FIRST
TRUST RESOURCING CLIENT OUTSIDE OF NEW ENGLAND
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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 Ð Suite 215
Newburyport, MA 01950
P 978.463.9099
F 978-463-9499
Email: sbl@privatetrustgroup.com
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