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JTC Completes Another US Trust Business Acquisition

Editorial Staff

5 August 2024

JTC has completed its acquisition of First Republic Trust Company of Delaware, after initially announcing the deal on April 22. The transaction continues a number of moves by the firm to build an international footprint.

The deal – the financial terms of which were not disclosed – was completed after JTC obtained final regulatory approval and satisfied other closing conditions. 

The acquisition of FRTC-DE – previously a wholly owned subsidiary of JPMorgan Chase Bank – adds to JTC’s push to be a prominent independent provider of trust services in the US.

FRTC-DE's team has joined JTC’s Private Client Services division and will be based in the office in Wilmington, Delaware.  

The acquired business runs alongside JTC’s other acquisitions of South Dakota Trust Company and New York Private Trust Company.