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American Bank & Trust Selects Marstone’s Digital Wealth Management Services. (Credit: Glenn Carstens-Peters on Unsplash)
Marstone, Inc., a leading digital wealth technology firm, today announced it has partnered with American Bank & Trust, N.A., a $500 million community bank, to provide its turnkey digital wealth management platform and Wealth Management-as-a-Service offering across American Bank & Trust’s branches. A wholly-owned subsidiary of AmBank Holdings, Inc., American Bank & Trust is based in Davenport, IA, with seven branches across Iowa and Illinois.
“Marstone works with a variety of financial institutions, and increasingly we’re seeing our roster grow with community banks across the country,” said Margaret J. Hartigan, co-founder and CEO of Marstone. “With American Bank & Trust, we’re able to quickly and seamlessly integrate our Wealth Management-as-a-Service offering into their services, delivering cost efficiencies and increased opportunities for revenue growth. We’re delighted to continue delivering our proven platform to community banks that want to retain client deposits and attract new customers with wealth management options.”
For over 50 years, American Bank & Trust has offered clients a complete range of services such as personal banking, commercial banking, private banking, cash management, consumer loans, residential mortgage loans, trust, and wealth management. American Bank & Trust partnered with Marstone to grow its wealth management solution, offered through its trust arm with over $300 million in assets under management (AUM). Through their partnership, Marstone’s Wealth Management-as-a-Service can expand American Bank & Trust’s productivity, allowing them to service more retail bank customers and wealth management relationships.
“Since our founding, American Bank & Trust has focused on delivering top-notch service at a fair price while simultaneously nurturing long-term banking relationships,” said Jeff Rose, CEO and president, American Banking & Trust. “We believe strongly in offering personalized service to both our individual clients and the needs of local businesses. Partnering with Marstone will greatly add to our wealth management services and help us continue providing our community with best-in-class financial capabilities.”
Source: Company Press Release