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Greenville, S.C.-based Palmetto Bank collaborated with Thomasville, Ga.-based Thomasville National Bank and Investment Professionals Inc. to implement an expanded wealth management strategy to enhance the delivery of trust and brokerage services, respectively.
Under an April 25 agreement with Thomasville National Bank, the Palmetto Bancshares Inc. unit will transfer its designated trust-related accounts to Thomasville National Bank. Thomasville National Bank will assume ownership of the accounts, certain employees of Palmetto Bank, and all operational and fiduciary responsibility for administering the transferred accounts under the underlying client account agreements.
As of March 31, Palmetto...