Great Rivers Bank sells trust assets to TI-TRUST, Inc.
QUINCY — TI-TRUST, Inc. and Great Rivers Bank announced earlier this week the sale of Great Rivers Bank trust assets to TI-TRUST.
The companies have worked together for many years, with TI-TRUST providing farm appraisals to support Great Rivers lending. Great Rivers has been expanding its banking footprint and now is focusing on its core banking services.
The sale was effective March 31. Great Rivers Bank also has entered into an ongoing cooperative agreement to refer its bank clients needing trust services to TI-TRUST.
In a press release, Bob Garner, president of Great Rivers Bank, said, “We are pleased to be able to further partner with TI-TRUST to ensure that our trust clients are getting the same high level of customer services that they have come to expect from us.”
Great Rivers Bank, headquartered in Barry, is a state-chartered full-service community bank with locations in Barry, Pittsfield and Liberty in Illinois and in Hannibal, Mo.
“We welcome all of Great Rivers’ trust clients to TI-TRUST and look forward to serving these new clients with our trust expertise,” said Brian Ippensen, president of TI-TRUST.
TI-TRUST is a leading provider of fiduciary services for personal trust, farm services and employee benefits. Founded more than 60 years ago in Quincy, the company has locations in five states and holds more than $15 billion in managed assets for individuals and institutions nationwide.
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