SAN ANTONIO and RUSTON, La., Feb. 21, 2013 /PRNewswire-iReach/ -- Argent Financial Group, Inc. today announced the acquisition of The Trust Company of San Antonio. The combination significantly extends Argent's geographic reach and allows clients of The Trust Company access to a broader range of financial services.
The merger was unanimously approved by a vote of stockholders of TTC Holdings, Inc., parent of The Trust Company.
The Trust Company, formed in 1997, is domiciled in San Antonio and has an additional office in Corpus Christi. The Trust Company will retain its management team, led by Sam Boldrick and Reid Harrell, and its name, as it will continue as a separate entity as a subsidiary of Argent Financial Group.
Argent Financial Group, a diversified wealth management firm, provides a broad array of financial services built from its core of trust management. Argent is now responsible responsible for more than $5.5 billion in client assets.
Sam Boldrick, Chief Investment Officer and Managing Director of The Trust Company stated, "Our board reviewed numerous options as we planned for The Trust Company's future. Argent presented our clients, stockholders and staff with the best possible combination of opportunities."
"The Trust Company and Argent have a common culture and are well known to each other due to a number of associations over the past several years. We are very pleased to be the foundation of Argent's presence in Texas and look forward to the growth in our ability to serve our clients", commented Reid Harrell, Chief Executive Officer of The Trust Company.
"Argent has looked at options for a Texas presence for some time. The Trust Company has long been a desired partner, due to our familiarity with their client service orientation and fiduciary focus. Combining resources with The Trust Company's great team of professionals ensures our ability to continue providing exceptional experience for our clients", stated Kyle McDonald, founder and CEO of Argent Financial Group.
About Argent Financial Group
Argent Financial Group, Inc., domiciled in Ruston, Louisiana, was formed in 1990 and traces its roots back to 1930. Responsible for more than $5.5 billion in client assets, Argent Financial Group is a diversified financial services entity providing individuals and businesses in the mid-South with a broad range of financial services including trust administration and related services, investment management, retirement plan and charitable organization administration, mineral (oil and gas) management, financial, retirement and estate planning, and brokerage services (offered through LPL Financial). For more information, visit www.argentmoney.com.
SOURCE Argent Financial Group