Salem Trust Company

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Salem Trust, founded in 1998, provides custody and benefit payment services to municipalities throughout the southeast United States. It is one the largest independent trust companies in Florida. The company serves state, county and municipal government agencies, including more than 125 police, fire rescue and general retirement plans. Its clients also include individuals, corporations, pension plans, insurance companies, colleges and universities, and foundation and endowment funds. Salem Trust provides asset custody services, estate services, investment management, personal trust and wealth management, escrow and retirement plan administrative services. It is affiliated with GreatBanc Trust Company and Pennant Management. The company became a subsidiary of U.S. Fiduciary Services in 2005.