The division completes its conversion to the SEI Wealth Platform.
CHATTANOOGA, Tenn. The Wealth and Trust division of Calder Bank & Trust, N.A. has passed $3.1 billion in assets under administration, the bank announced today.
The division administers personal trusts, estates, charitable and retirement accounts, and provides investment management to individuals, families and institutions across the bank's markets. It completed its conversion to the SEI Wealth Platform earlier this year.
"Trust work is a 20-year relationship business and it does not grow in a straight line," said J. Tucker Odom, Executive Vice President and President of Wealth and Trust. "What changed for us is that the operations side finally matches the advice side. Our officers spend their time with families instead of with a statement package."
Trust and investment products are not deposits, are not FDIC insured, are not guaranteed by the bank, and may lose value.
Calder Bank & Trust, N.A. is a national banking association headquartered in Chattanooga, Tennessee, founded in 1913. The bank operates 61 offices across Tennessee, north Georgia and north Alabama and has approximately $4.1 billion in assets. It provides retail banking, commercial and treasury services, and wealth and trust administration. The bank is a wholly owned subsidiary of Calder Financial Corporation. Member FDIC. Equal Housing Lender.
There is no established public trading market for the common stock of Calder Financial Corporation. The stock is held by approximately 1,400 holders of record and is not listed on any exchange or quoted on any interdealer quotation system.
Lauren Pickett, Vice President and Director of Corporate Communications
(423) 555-0134 · lauren.pickett@calderbankonline.com